Virtual Finance Function

WHY SWITCH FROM IN-HOUSE?

It can seem a good idea to keep all your accounting in-house. Your team obviously knows your business, you’ve chosen your accounting software and you feel your data is secure. But how well does this arrangement actually work for you? 

Inputting data is time-consuming and error-prone, and it’s difficult to share the information and keep everyone up to date if you have to transfer financial data via flash drives, which also make it vulnerable. Your team and the hardware required to handle all your accounting data (plus the associated maintenance) are a substantial expense. When your software and licences need updating or renewing, that’s another distraction and more outlay.  

This is when managing your finances virtually looks much more logical. 

BE BETTER INFORMED WITH CLOUD ACCOUNTING

Cloud accounting software and data processing are hosted in the cloud, making the information accessible to anyone that’s authorised to see it. Sharing is instantly easier; you can all access the same, real-time data anywhere there’s an internet connection, so decision-making is simpler and faster. 

The information is more accurate too, as there’s minimal manual entry. In fact, it can be virtually eliminated, with transactions and balances entered automatically. Security is improved too; your data is encrypted and password protected, and there’s no longer a need to transfer it via risky flash drives.  

WE’LL GET YOU UP & RUNNING

Most cloud accounting software is subscription-based with automatic updates; there’s no need to worry about licences or manual updating. Nor do you need all the personnel, infrastructure and maintenance required for in-house software and processing, so your overheads are considerably reduced. 

We’ve introduced many clients to the benefits of cloud accounting and, based on our knowledge of what you need, we’ll use our experience to recommend the software and apps that best suit your business. We’ll also make sure you’re properly set up and ready to make full use of all the features available to you. To find out more visit our dedicated cloud accounting page. 

A FURTHER STEP FORWARD: VFF

If all this sounds appealing, consider the further benefits of our VFF (Virtual Finance Function). It offers all the advantages of cloud accounting, with the addition of our specialists to provide financial services support. 

This bespoke service adapts to the level of support you want and is easily flexed to fit with your business journey. You don’t need to recruit skilled specialists to manage your company’s finances; our experts are available whenever you need them, providing not only dependable information but also valuable, transformational advice.  

There’s no more worrying about tax deadlines and compliance; we manage it for you, conscientiously and cost-effectively – while you concentrate on running your business. To find out more, visit our dedicated Virtual Finance Function page.