Accounting and Audit Support
All the support your finance team needs to deliver on key priorities.
Empower your finance team to cope with rapid growth.
When established companies grow faster than 30% to 50% year on year, it’s hard to stretch the capacity and capabilities of your finance team as fast. Get access to on-demand finance skills and capacity to help drive your finance team’s priorities in periods of rapid growth.
Get access to the right financial direction for your growing business.
Group CFO Support
As group CFO, you are responsible for the delivery of the financial function priorities of the company. At the head of finance, your tasks are the most complex, and your demand the highest. It’s also likely that key operations matters often require your input, making your time a highly scarce resource.
We help Group CFOs and heads of finance stretch their capacity in times of high demand. Access to flexible fractional CFO talent means that a team of other highly qualified finance professionals can help you meet deadlines and crush goals.
Month-end close support
Month-ends are hectic. A lot of procedures need to be executed on a short timeline, and the board wants to see the numbers. We help alleviate the pressure on internal accounting teams around monthly and quarterly reporting. Some of the ways include:
Bolster your finance team’s execution capacity with a dedicated team of accountants and financial controllers who can help get your next sprint over the line.
Getting through an external audit is a big project. It requires a large amount of finance team capacity to help prepare for, work on and finalize with your auditors. But getting last year’s audit over the line directly competes with the focus required for this year’s accounting and reporting priorities. This often leaves finance teams overwhelmed.
Getting extra hands in that understand the audit process and can help your team with preparation of audit packs, answering the multitudes of audit queries, and everything else required to get the audit over the line. Plug in additional accounting experts with audit backgrounds to help you and your team get this year’s audit done on time.
Financial planning and analysis support
Budgeting, forecasting, financial analysis, performance reporting. Your FP&A team has a lot on their shoulders. And their ability to keep up and deliver quality insight to the executive team has a major impact on organizational performance in a high growth environment.
For periods of exponential growth, having access to flexible finance professionals who can help to get key deliverables over the line can make all the difference. Give your FP&A team the gift of additional capacity and expertise, and they will reward you with razor sharp insights delivered at the right time.
Internal controls support
Every time your company doubles, internal controls fall behind. New business lines, new jurisdictions, new bank accounts, and business model changes all require updates to existing internal controls as well as the design of new ones. In order to scale up sustainability, continuous improvement and addition to the internal control environment of an organization is required.
Why not outsource the analysis, design, and implementation of internal controls to professionals who love procedures? Creating a strong internal control environment makes audits less painful and operations much more effective. It also lowers business risk, which in turn increases valuation. Where do we start?
Compilation and consolidation of financial statements
Your internal finance team works hard to get each and every transaction of the whole year summarized to trial balance level. Compiling financial statements on global financial reporting standards is however a fairly specialist task. Get this off your senior finance team’s desk, with expert drafting and consolidation expertise.
We love helping groups compile sets of financials at full IFRS or IFRS for SMEs level that will pass the standards of any top 10 audit firm. Further support on adjustments, audit queries and finalization of financial statements enable your team to stay focused on the current financial year’s mission, without being tied down by the previous one’s reporting requirements.
System transition and project support
A sustained phase of expansion often leads to the need for new accounting and operational systems. But making the transition from an old system to a new one can be a massive task. Dedicated finance and systems expertise will be required, but internal resources are tied down with the operational needs of a growing organization.
Just like the implementation of a new accounting system, various other projects can also land on the finance team’s desk. Whether it’s the digestion of an acquisition, the launch of a new jurisdiction, or the process of preparing to raise capital, having access to a team of finance and accounting professionals that can help get big projects over the line is invaluable. Internal finance team capacity and expertise is now no longer a constraint to your group’s growth and success.
What Our Clients Say.
Entrepreneurs change the world. They create growth, job opportunities and social impact. We serve entrepreneurs! Hundreds of founders and management teams tap into the expertise of their trusted finance and accounting partner to help scale their companies.
Business is about people. When you partner with Outsourced CFO, a finance professional or team with the right mix of knowledge, skills and experience is personally matched with your company – working with you to create a world class finance function for your growing company. Your success story is our success story.
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Frequently Asked Questions
In simple terms, Accounting and Audit Support offers in-house or remote support to group CFOs in the following areas: month end close, auditing, financial planning and analysis, internal controls, compilation and consolidation of financial statements, system transition and and project support.
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