Businesses Seek Outsourced Financial Services as Lockdown Eases
Companies across Sussex are turning to external experts to help them navigate the pandemic while preparing for an anticipated upswing in trading driven by a full lifting of COVID-19 restrictions.
Leading regional chartered accountants Carpenter Box has seen an influx of clients for its outsourced financial services over the last year as businesses look not only to control costs but to gain access to high-level skills. Over the last year, the firm’s Business Services outsourcing team has grown from 3 to 17.
“The last 18 months have shown many businesses the benefits of being flexible in enhancing internal resources with tailored external support,”
Said Carpenter Box Partner, Nathan Keeley.
“Outsourcing can offer a cost-effective route for functions such as bookkeeping, credit control, payroll and cashflow management but can also enable companies to access expertise at a finance director level. This flexibility has attracted interest from companies of every size working in many different sectors.”
Carpenter Box’s dedicated outsourced finance team works alongside businesses to take over back-office accounting and finance functions, ensuring that clients have access to the most up-to-date technology, systems and processes while removing the administrative burden. The firm applies the skills, capabilities and technologies developed specifically to support finance and business functions.
“As we start to move on from the pandemic, value for money is the prime consideration for just about every organisation. For many businesses, outsourcing can provide essential finance functions and access to experts in their field in a cost effective way. Certainly, we have seen growing levels of interest in adopting this approach.”
“Having a risk structure in place with up-to-date financial information is essential for any business to move forward from the pandemic and move towards a path of sustained growth.”