Your financial director must wear multiple hats, with cashflow and budget management essential to business stability and growth.
Here are just some of the responsibilities a director of finance requires:
And more. This is not only a big role; it involves numerous responsibilities.
At Gravitate Accounting, we firmly believe that everyone has strengths and weaknesses and that teamwork is essential. Therefore, rather than employ one person to take on this mammoth and vital role, why not employ an entire team whose combined skills and knowledge can push your business forward?
This is possible and can be cost-effective if you choose an outsourced finance director. We believe in building teams that fill talent and knowledge gaps to offer a greater service than the sum of its parts.
Should you choose to partner with us, we will do everything in our power to:
And more. Get in touch with Zara Farr for more information about our outsourced director of finance services.
"I have the pleasure of working with Sam and Zara at Gravitate, who offer an outsourced financial management service for Clindox European and India affiliates. They deliver quality in a professional way and make the relationship fun too. With Gravitate onboard our financial control is improving rapidly."
There are multiple benefits of hiring a finance director, some of which are listed at the top of this page; yet, many businesses choose not to go down this route because of the high costs. However, by outsourcing these duties, you gain all of the benefits at a fraction of the price.
Perhaps the most important skill a finance director should hold is a penchant for numbers and the ability to understand what these numbers mean for a business. Additional attributes include fantastic communication and people skills, knowledge of commercial operations, markets and consumer audiences and the ability to support the company’s chief executive.
These are just some of the skills required of an excellent finance director. Rather than trying to find one person who holds all of these abilities (which is a mammoth task in itself), why not hire an entire team with complementing skills and experiences?
While finance directors have similar responsibilities to CFOs, there is one key difference – a finance director is not considered a part of the senior executive team. That is why it is possible to outsource this role. We can get on with daily tasks and responsibilities while you focus on driving your business forward.