Outsourcing can be elastic. You take as little or as much as you need, unlike in-house fixed resource. This often results in a cost-saving for a business.
Why company outsource?
Use the correct skills
By using outsourcing you can access different resource types, rather than expecting one person to wear many hats, which is what many businesses demand from their staff (which can be detrimental to the business).
By outsourcing the back-office functions management can focus on the commercial drivers of the business.
Outsourcing can give a company the opportunity to ‘shake things up’ and reorganise an outdated or tired infrastructure
The strands of outsourcing
Full managed finance function
This moves the service from just transaction processing to a higher level. Management accounts can be produced, credit control under-taken, payroll processed, sales invoices raised, dealing with suppliers. In fact, anything an internal finance function could do, including the provision of Finance Director services.
Year end filing, taxation and company secretariat
Our resident FCA and his team can produce your year-end accounts, complete your Corporation Tax return, undertake all the year-round Company secretariat matters (e.g. all Companies House filings). Whilst Entigy are accountants we do not do audits but can arrange this if needed.