For starters, a part-time finance director offers total flexibility. You can engage the services offered on a consultancy basis, thus avoiding the high cost of employment. Most SMEs will not have the luxury of employing someone with a six-figure salary. However, companies of this size do need expert assistance in steering their finances and keeping business objectives in focus. A part-time FD offers the ideal solution.
An experienced and capable finance director will introduce a forward-moving plan to ensure that your business is on course to achieve pre-defined objectives. Growth plans are carefully controlled. The role of a part-time finance director can be specific in realizing certain objectives.
Depending on the needs of your business, a part-time finance director can focus on specific aspects of the business that need strengthening, such as raising finances, improving the financial reporting system, analytical decision making on specific projects, tendering for contracts, enhancing management information systems, and cost saving initiatives while keeping in line with technological advancement and any other aspects of your business.