Three reasons why you need a part-time Finance Director:
1. Growth ambitions
2. Cashflow and financial management concerns
3. Increase the value of your business
FDExec can provide you with a part-time Finance Director for significantly less than a full-time finance professional and are confident that the overall impact with be at worst cost neutral given the benefits that our highly experienced team can provide.
The modern Finance Director has changed, no longer are they seen as just a ‘number cruncher’, or the person who rejects what you thought was a brilliant Business Case.
So, what exactly does a Part-time Finance Director do?
As a supplier of part-time Finance Director services, we are often faced with clients who are not entirely sure what an FD does, or why they should need one. “I have a financial controller who is more than capable of creating a good, timely set of management accounts why do I need a part-time FD, what would they add?”, similarly many business owners think that having a bookkeeper and external accountant is adequate.
Without doubt the role can do nothing without management information. They must put in place the personnel, systems, controls and processes required to deliver the appropriate level of accounting information.
Finance Directors are members of a senior executive team with responsibility for their company’s financial health. They combine operational and strategic roles, manage accounting and financial control functions, and establish a financial strategy for the profitable long-term growth of the business.
Finance Directors also support and develop strategy to guide, and inform, key business initiatives. To excel at this dual role, they must have the versatility and talent to meet a continually changing set of circumstances.