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Virtual Finance Function

Investing in accounting software, with the hardware and people to run it, is not always cost effective. Using our virtual finance function means you can save your money and get better and easier control of your finances.

Contact Lauren McIlroy

  • Lauren McIlroy
    Meet the team

    The team

  • START UPS. ENTREPRENEURS. SMES. PRIVATELY OWNED & LISTED BUSINESSES. MULTINATIONALS. PUBLIC & SOCIAL SECTOR ORGANISATIONS. AIM LISTED COMPANIES.

    Who we can help

  • VIRTUAL FINANCE FUNCTION. OUTSOURCED ACCOUNTING. SYSTEM DESIGN AND IMPLEMENTATION. ONGOING TRAINING. MANAGEMENT REPORTING AND INSIGHTS. CASH FLOW FORECASTING.

    How we can help

VIRTUAL FINANCE SOLUTIONS FOR YOU

Tailored to you and provided by a team of dedicated specialists, our virtual finance function (VFF) can operate alongside your current processes and people or in as a full-service offering.

VFF is a bespoke service, tailored to the size of your business and the scale and complexity of your needs. Delivered by our highly technical team, many of whom have years of experience of working in industry, it uses cloud-based technology to provide valuable, real-time financial information about your business, wherever you are and whenever you want it.

VFF works alongside your business to ensure you have access to the right levels of expertise, matched exactly to the complexity of your requirements. By drawing on the skills of the whole team at Sagars and across AAB Group, we can provide a fully outsourced finance function solution and essential, timely financial information to make evidence-based decisions that enhance both your confidence in the data and your business agility.

This saves you time and empowers you with the insights that can support you to run your business, utilising a suite of key performance indicators to manage overhead spend, forecast cashflow and ensure that the information is usable and meaningful. These are some of the crucial advantages of the VFF service.

ADAPTABLE AND EASY TO USE

VFF is suitable for a wide range of organisations throughout the lifecycle of their business. Its flexibility gives you options and puts you in control. We have the resources and expertise to support international groups and large listed companies with their highly complex transactions. At the other end of the scale, if you are downscaling, upscaling or have a special purpose project (perhaps as a joint venture) and want an alternative to recruitment, VFF could well be the answer.

VFF also works well if you’re a fast-growing business or SME, you could run your business with either a reduced finance team or perhaps no finance team at all – saving you money and helping focus on growth. Alternatively, by using our senior finance professionals and not recruiting an internal CFO, you could avoid the need to give up equity to attract key finance staff.

For example, for businesses who are new to the UK and need local expertise as your business grows, the flexibility of VFF means you can avoid the burden and expense of expanding your back office to cope, and instead concentrate on succeeding with new clients in new markets.

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.

VFF BENEFITS AT A GLANCE

  • A fully bespoke solution tailored precisely around your requirements.
  • Delivered by experienced specialists who take care of your vital finance services.
  • We manage the entire transition process, including training if required.
  • Gives you easy access to invaluable real-time financial information on your business.
  • Takes care of regulatory and tax compliance.
  • Easy, continual access to experts who’ll answer your financial queries.
  • Adapts to your business circumstances, whether upscaling or downscaling.
  • Integrates with your existing culture and workflow.
  • Allows you to concentrate on running and growing your business.
  • Can avoid the need to release equity to attract key finance staff.
  • Frees up money that can be better spent on driving your business forward.
  • A highly cost-effective way to ease your workload and optimise your performance.
  • Saves you time in recruiting skilled people for all the various roles associated with managing your finances, and;
  • Procuring, setting up and maintaining a suitable system.

 

CONTACT lAUREN mCiLROY

  • “Thanks so much for getting this done in such a short space of time and for saving me so much money! I’m really impressed with the service I’ve received from Sagars.”

    Sarah Jones KC, Pump Court Chambers

  • “As long as I need a trusted adviser, I won’t be going anywhere else.”

    Ian Gray, Director, Celerity Business Development

  • “When I phone Sagars, even if the person I want isn’t there, other people are falling over themselves to help me. I don’t get that anywhere else.”

    Ian King, Director, Ian King Electrical

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