Benefits on outsourced verse employing a Finance Director

There are several benefits to hiring an outsourced FD rather than employing a full-time FD, including:

1. Flexibility: An outsourced Finance Director can be brought in for a specific period of time or project, providing greater flexibility than a full-time FD. This can be especially valuable for businesses undergoing significant changes, where the need for a FD may be temporary.

2. Cost-Effective: Employing a full-time FD can be expensive, especially for small to medium-sized businesses. Hiring an outsourced FD is a cost-effective solution, as they can be brought in on a flexible basis, reducing the overall cost to the business.

3. Expertise: Outsourced FDs are highly experienced finance professionals with a track record of success in a variety of industries. Bringing a wealth of knowledge and expertise to a business, providing fresh insights and new ideas.

4. Speed: Hiring a full-time FD can be a lengthy process, involving advertising, interviewing, recruitment fees and negotiating a contract. In contrast, an outsourced FD can be hired quickly, providing a fast solution to a business's finance needs.

5. Objective Perspective: Outsourced FDs are able to provide an objective perspective, as they are not entrenched in the business's culture or politics. This can be especially valuable for businesses looking for an outside perspective on financial matters.