As your business grows, so does the burden of its financial requirements, both from a compliance and management point of view and in terms of investment capital. As a Founder, you might want to stay focused on the latter, and no longer be able to spend time on the first. Our Finance Manager service provides you with an experienced professional on a fractional basis, who can fully take on the financial side of your business.
Finance managers are responsible for overseeing and ensuring the financial health and stability of your company. It is a complex role and Founders are often looking for specific experience relevant to their industry, especially as they are working hard to grow their company and need fast, informed and reliable decision-making.
Our team of Finance Managers have extensive experience in working with high-growth businesses and have experienced all the challenges you are likely to meet first-hand, many times already. We pride ourselves on our proactive and straightforward approach that will save time for you for things that matter – growing your business.
What Does Our Finance Manager Provide
Our typical Finance Manager role within our clients entitles the following areas. However, we know that scale-ups operate under different circumstances, and we are proactive in looking for solutions to your areas of concern.
Financial Planning & Analysis
We can support your business with the preparation and analysis of your financial plans, budgets, forecasting and providing insights into your financial performance.
Financial Reporting
Our Finance manager will prepare and present your financial reports to the management team, stakeholders, regulatory bodies and investors.
Risk Management
We will identify and evaluate your potential financial risks and develop strategies to mitigate them.
Cash Management
Your Finance Manager will manage your company’s cash flow and minimize financial costs.
Cost Control
We will monitor and control expenses to ensure efficiency and profitability. If necessary, we will also implement cost-saving measures.
Financial Compliance
Your dedicated Finance manager will also ensure your company’s compliance with tax laws, financial regulations, and reporting requirements that can be rather complex. He or she will also provide information for auditors if needed.
Investment Advice
Our experienced Finance managers will be proactive in evaluating investment opportunities and giving straightforward advice to senior management on any financial implications.
How We Work
After setting up a meeting and getting to know your company better, we will identify essential areas your business needs to support with and find the most suitable Finance Manager based on your required skillset, time availability, industry expertise and more.
Your Finance Manager will work closely with your dedicated bookkeeper and with you. That will allow better communication and understanding of the day-to-day challenges you have, your strategic decisions and spot any pitfalls before they become a problem. We’re pleased to be able to tailor their services in line with your requirements and set up reporting meetings based on your preferences.
Get in touch with us
020 3422 9800-
Seema Kher Partner, FaaSSeema has over 21 years of experience at KPMG working with small to medium sized businesses across a wide range of industries. At Finerva, she oversees the accounts compliance service for clients and provide a seamless ‘one stop shop’ that provides all their accounting and finance needs.
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FAQs
01. What are the typical responsibilities a Finance Manager can support with?
- Continuous improvement – they can review and improve the end-to-end accounting practices
- Prepare and post monthly accruals, prepayments and similar accounting practices
- Leading the analysis of monthly and quarterly number and presenting their findings with management
- Continually identifying financial risks and proposing solutions where necessary
- Production of cash flow forecasts
01. What companies can you support?
We primarily work with Limited Companies that are registered/have permanent establishments in the UK. Our clients are fast-growth businesses, mostly in the tech, financial, consumer goods and life science sectors and often backed by Angels and VCs investment. However, we have an extensive expertise and partners across other sectors too and we’re always excited to meet new ambitious founders.
02. What are the benefits of working with Finerva?
- Expertise – using our team of professional bookkeepers and accountants we are on hand to answer queries you may have and offer advice where required.
- Time saving – you don’t have to worry about the finance function of your business so you can focus on what you do best, growing your business
- Reduce staff costs – you will not need to spend time and money hiring and training employees. Our services offer flexibility to scale resources up or down as a business requires.
- Cost effective – Fees agreed in advance help you to budget and manage cashflow. Our fee are designed to meet your needs and ensure there are no unexpected or hidden charges.
- Working in the cloud – allows you to have real time access to data with immediate response
03. Do you have professional indemnity insurance?
Yes. In the unlikely event that something goes wrong, all ICAEW partners are required to have professional indemnity insurance and we will be happy to advise our cover in more details with our clients.
04. What is the role of a finance manager?
A finance manager is crucial for companies as they oversee and manage the financial aspects and ensure the financial stability of your company.
05. What are Finance managers responsible for?
Finance managers are responsible for financial planning & analysis, reporting, risk and cash management, cost control, financial strategy and compliance, and investment advice.
