Most business owner’s glaze over at the mention of the word ‘compliance’!
In order to mitigate risk and enable you to enjoy a certain level of peace of mind it is essential to keep a sharp eye on legal and compliance issues.
For most businesses the luxury of a Compliance Manager – whose overriding objective is to manage risk – is a thing of the past. The role now encompasses a wider responsibility to reduce costs elsewhere in the business and create value by contributing directly to your company’s bottom line – this is where an experienced part time finance director with hand-on compliance experience can help.
Naturally this shifts the focus away from the ‘pure compliance’ issues which has the knock-on effect of increasing risk.
In plain English, compliance has become much harder!
To exacerbate the problem, ever-changing regulations create uncertainty making it difficult to predict their scope and impact and may cause you to delay investment in new capital equipment or hiring of new employees.
Red-tape, paperwork and complex legislation can often impede your company’s growth plans and it can be very difficult to move forward without taking care of compliance issues. Fortunately, an experienced part time finance director can bridge the gap between money and risk and handle both legal and compliance issues to ensure risk is managed and the bottom line optimised.
When business owners arrive at the decision to outsource their compliance requirements an enormous burden is lifted leaving you free to focus on the core activities of your business.
Our regional teams of part time FDs and our national collaborative network have all the latest regulatory knowledge at their fingertips.
There are many aspects to compliance but by way of a summary, your assigned part time FD would work with you to:
Benefits To The CEO, MD and Senior Team
As your company grows in size and operations it will become increasingly clear that you want to focus on the core activities of your business without being sidetracked into time consuming compliance activities.
Our part time finance director’s main objective is to allow you to focus on core business activities by offering you an expert level of support in managing compliance functions and risk.
We will help you cut back on expensive infrastructure so that compliance is managed in a cost-efficient way.
Critically, though, our FDs will give you peace of mind, leaving you free to concentrate on growing your business.