Services
In simple terms, you get an experienced Finance Director working alongside your business on a flexible, part-time basis, without the cost of a full-time appointment.
The three roles
Some business owners get confused about the difference between a bookkeeper, an accountant and a Finance Director. Here's our simple breakdown.
The record keeper
Processes invoices, receipts, payroll and bank reconciliations, and keeps your accounting software up to date.
The compliance expert
Files annual accounts, VAT returns and corporation tax, and advises on tax efficiency and compliance.
The navigator
Forecasts cash flow, manages budgets and plans funding. Advises owners on strategy, growth and profitability, and translates the numbers into decisions.
Stages 1 to 4
A fixed piece of work designed to get your financial foundations, controls and team working effectively before any ongoing support begins.
Before anything starts we agree the scope and the timescale with you. Depending on the size, complexity and current financial position of your business, the programme typically takes between one and three months to complete.
Our process
We start by getting under the bonnet of your business; reviewing your financial position, cash flow, reporting, systems, processes and controls.
We identify what's working, what isn't, where the risks are and, importantly, where improvements can be made. You'll get a clear picture of what needs attention and why.
We turn the findings into a practical action plan and work with you to put it into place. This isn't a report that gets filed away, we help make the changes happen.
Strong financial control shouldn't sit with one person. We train and support your finance team so they understand the systems, processes, reporting and controls needed to keep the business on track.
Once the foundations are in place, we propose the right level of ongoing Fractional Finance Director support for your business and can move onto a regular retainer if required, either weekly, monthly or quarterly.
Stage 5
Once the Financial Control Programme is complete, we review what level of senior financial support the business needs going forward.
This could range from periodic strategic oversight to regular hands-on Fractional Finance Director support.
We will agree the appropriate frequency with you before suggesting an ongoing retainer, either weekly, monthly or quarterly.
You only pay for the level of support your business actually needs.
Get the finances under control. Get the team working effectively. Then keep the business moving forward.
Fractional FD support options
The level and frequency of support will be tailored to your business. Depending on your requirements, your Fractional Finance Director can provide support across the following areas.
Is this right for your business?
If you know your business needs stronger financial control, better visibility or experienced financial leadership, let's have a conversation. We'll discuss where your business is now, the challenges you're facing and whether Driven for Cash Flow is the right fit.