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Can Outsourcing Help You? Q: Are you getting the quality of management information necessary to run your business? Q: Are you getting the greatest value from your finance area? Q: Do you get proactive and expert advice when you need it? Q: Does your team have sufficient skills to grow your business? Q: Do you have access to the best technology? If you answered no to any of the above questions, read on… Why Business Support Services? Keeping your competitive edge in business is a never-ending battle. Routine administrative tasks can take up a huge amount of management time and focus – often at the expense of building sales. This constant struggle to focus on the things that you are good at is at the heart of a move towards ‘outsourcing’. Outsourcing is the substitution on a regular basis, of internal resources by external resources to enable you to focus on building your business. We work with a wide range of companies to help them create effective and efficient finance and administration functions such as accounting, payroll, invoicing and financial reporting – all important things that have to be done, but not the reason why you are in business. Any function that you don’t consider to be ‘core business’ should be a candidate for outsourcing. There is a trend for companies to outsource more and more activities, but the most common areas are: • Management accounts and reports • Payroll • Sales invoicing • Credit control • PAYE and VAT returns • Purchase ledger and management • Payments to suppliers • Expense claims – checking and reimbursement • Personnel and Employment Law • Health and Safety audits Why Outsource financial management? • Avoids the time and cost involved in employing and training full time, financial staff • Expert financial assistance is matched to your company’s specific needs • Releases in-house management to focus on growing the business • Allows management to exploit own key competences and skills • Service can be matched to peaks and troughs of a company’s requirements • On-site or remote support or a combination of both • Cost-effective – only the time expended on your business is charged for • Better quality information • Improved credibility with bankers and other professional advisers due to the relevance and timeliness of financial reporting • You remain in control of costs, cash flow etc. • You decide how much or how little support is needed • Continuous access to constantly up-dated information – via the internet if needed – allows faster decision-making based on real-time information Article Source: http://www.articlewheel.com
Business Support Services from Bibby Financial Services. Our Business Support Service can help you drive your business forward today.
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