What is outsourcing financial services?
Harnessing technology to empower business owners
With the rise of finance apps, it has never been easier to outsource your finance operations while still retaining complete visibility over your accounts.
At Empowered by Cloud, we use Xero. We genuinely believe it’s the best accounting software for construction and trades businesses. It’s easy to use, can be integrated with a wide range of apps, and offers all the functions you need, including invoicing, VAT reporting, and submitting CIS returns.
What advantages are there to outsourcing financial operations?
When you build a house, you need a team of people with specialist skills – joiner, plumber, plasterer, roofer and so on. It’s the same if you want an efficient, effective finance department – you need a range of skills.
You might get lucky and find a competent finance person who has a basic understanding of payroll, tax, bookkeeping, credit control and accounting. But they won’t have the in-depth knowledge and vast experience of a full finance team.
Of course, hiring an entire team means more people to manage, more salaries to cover and more office space to pay for.
Or you could outsource your finance operations.
Outsourcing your finance functions is far more cost-effective than hiring a full finance team. And at Empowered by Cloud, we have all the specialist skills required to take care of every aspect of your accounts, from bookkeeping and payroll to finance director support and tax planning.