So you’ve heard of our IFS (Integrated Financial Services) division, but maybe you’ve got some questions about what it is, how it works, and why it could benefit your business. We sat down with Warren, one of the Managers, to answer some of the most commonly asked questions about IFS!
Hey, I’m Warren, a Manager in Integrated Financial Services, and I’m here to answer some commonly asked questions.
What does an outsourced controller do?
Outsourced controller steps into a business and offers high level financial insight without the cost of a full time employee. That includes financial reporting, budgeting, forecasting and cash flow management.
Question number two, what are the benefits of outsourcing a controller?
Essentially, we bring the same expertise level as a full time employee with greater flexibility. We require less oversight, less training, less onboarding, and we can tailor our involvement to the needs of the client.
Question number three, why do clients hire an outsourced controller?
Most clients come to us when they’ve outgrown their traditional financial reporting needs, and they’re looking for financial and strategic insight.
And lastly, question number four, what are some common financial blind spots in growing companies?
One of the biggest blind spots is owners don’t truly understand their profitability by service line or project. Other pain points include cash flow management and workforce planning.
