What are the benefits of outsourcing the finance function?
Instead of trying to find one person who can do bookkeeping, payroll, reporting, tax and strategic finance equally well, outsourcing can give the business access to the right level of expertise for each task.
These answers provide general information, not advice tailored to your circumstances. Rules can change and exceptions may apply — speak to the CASS team before making a tax, accounting or financial decision.
You get access to a wider team
Instead of trying to find one person who can do bookkeeping, payroll, reporting, tax and strategic finance equally well, outsourcing can give the business access to the right level of expertise for each task.
You're less reliant on one person
A team provides cover when somebody is on holiday, off sick or leaves. That matters for finance work because payroll, VAT and supplier payments do not stop when one person is unavailable.
You can get better reporting without building a full team
Growing businesses can introduce management accounts, forecasting and senior finance input before they can justify employing a complete internal finance function.
The support can grow with you
The level of support can change as transaction volume, staff and reporting needs grow. The key thing is that outsourcing should improve control and insight, not simply move administration outside the building.
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