Could your business benefit from an FD?

Whether you’re looking for turnaround solutions or support in expanding your business, a consultant Financial Director might be just what your business needs. Read this article to find out how taking this step can make all the difference to your bottom line.

There are times in everyone’s life when a little specialist advice is just what’s required – and never is this more true than when your business is in need of help. It could be that your company is facing problems, for example, rising sales could be causing cashflow problems or you might want support in emerging from a particularly sticky patch in the company’s operations. Alternatively, you could be approaching a transaction of some kind – whether that be a merger or acquisition, or fundraising activity.

Because an FD fully understands the commercial implications of the financial data put in front of them, they can look at the business and work out where you should be channelling resources to get maximum return. This not only gives the owner the confidence to make decisions, but the expertise of an FD is invaluable in presenting the facts and figures to the board – indeed, the same goes for presenting to the bank should fundraising be required, and the presence of an experienced FD can really reassure investors.

A Financial Director is not simply the guarder of the purse strings, or as some might think, a glorified management accountant or bookkeeper. Instead he or she is a strategic financial expert who has the skills and experience to ensure the fulfilment of commercial objectives. Another myth is that an FD has to be a permanent, full-time member of staff. If you don’t need support on this intensive basis, and simply cannot justify the cost (all these skills and experience unsurprisingly comes at a cost) why not consider a ‘virtual FD’, or put more simply, a consultant?

Working a set number of days for an agreed daily rate, one of our top-flight FDs can bring a wealth of specialised expertise to your boardroom table for a fee that you can afford.

To find out more about our virtual FD services, contact us.