Financial Controller SERVICES
Ready to boost your profits? We help you maximize earnings by optimizing pricing strategies and eliminating unnecessary costs. Our team identifies opportunities to reduce recurring expenses, freeing up cash flow for growth. Plus, we connect you with grants and funding opportunities that provide a financial boost.
The best part? These improvements pay for themselves by strengthening your bottom line.
Beyond immediate gains, we help you plan for long-term success with smart cash flow management and budgeting. Once your profits are on track, you’ll have the confidence to make informed financial decisions – whether it’s investing in new opportunities or scaling your business sustainably, whether organically or by becoming investor-ready.
What are Outsourced Controller Services?
Outsourced controller services provide professional accounting and financial management services on a part-time or contractual basis. At Vistance, we offer flexible, scalable solutions tailored to meet the specific needs of each organization either up or down based on client need. Our services include budgeting, compliance, strategic planning and investor-ready financial reporting. By leveraging our expertise, companies can safeguard their financial health, allowing them to concentrate on growth and innovation while remaining fully prepared to present comprehensive financial statements to investors. Vistance also proactively seeks grants and subsidies that apply to your business.
How Outsourced Controller Services Save Time and Money
When you engage Outsourced Controller Services from Vistance, you gain access to specialized financial oversight and guidance without the need for a full-time commitment which often exceed $100K in compensation. Also, you can ensure that the right priced resource is doing the work, preventing unnecessary spend by using overqualified work doing lower level tasks. Our outsourced controller services bring extensive expertise in financial management, helping companies streamline accounting operations, improve financial controls, and enhance reporting accuracy at a fraction of the cost. With a flexible engagement model, businesses can leverage tailored solutions to meet their unique needs—whether optimizing financial workflows, implementing accounting software, or strengthening internal controls.
Why Hire VISTANCE for Controller Services?
- Cost savings compared to $100K+ salary
- Insurance from turnover, vacation, illness
- Access to full host of services at price-appropriate skill levels
- Ability to flex services up and down based on current need
- Accurate investor-ready financial statements
- Grant and subsidy search tailored to your business needs.
What to Expect From VISTANCE'S Controller Services
Our outsourced controllers bring a wealth of experience from working with businesses of all sizes across various industries. They provide valuable insights to enhance both top and bottom-line performance, driving key initiatives and helping fuel growth within your organization. We also bring a higher level of rigour to your financial statements, making them investment ready.
Our team is not just a group of accountants who view businesses as mere numbers; we take a holistic approach, considering all aspects of your business, including marketing, operations, HR, and sales.
Financial Reporting & Analysis Services
Our financial reporting and analysis services provide you with accurate, timely insights into your business’s financial health. We prepare detailed reports that highlight key performance metrics, analyze trends, and offer actionable recommendations to drive informed decision-making. With our expertise, you can better understand your financial position and make strategic choices to propel your business forward.
Cash Flow Management
Our cash flow management services help businesses maintain a healthy financial balance by closely monitoring and optimizing cash inflows and outflows. We work with you to forecast cash flow, identify potential shortfalls, and implement strategies to ensure liquidity, enabling you to make informed decisions and sustain growth.
Budgeting
Our budgeting services assist businesses in creating detailed, realistic financial plans that align with their strategic goals. We help you set clear objectives, allocate resources effectively, and track performance to ensure you stay on course. With our expert guidance, you can make informed decisions, improve financial control, and achieve long-term success.
Investor-Ready Financial Statements
Many small business owners treat financial statements as a yearly task for tax purposes, often relying on accountants and part-time bookkeepers. This can lead to inaccurate financials, especially when using a Compilation Engagement (previously known as a Notice to Reader) which doesn’t verify the accuracy of the data, leaving business owners unprepared when seeking funding or investors. Without regular reviews, financial statements may contain errors or outdated information, and they will be rejected for financing.
Vistance works with the client year-round to ensure clients are provided with accurate financial statements, that qualify for financing.
Grant and Subsidy Identification
Vistance identifies potential grant and subsidy opportunities for each client, helping boost cash or smart investment opportunities that apply.
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Outsourced Controller Services FAQs
Are outsourced controllers cost-effective for small to mid-sized businesses?
Yes! Outsourced controller services are a cost-effective solution for businesses that need financial planning and management without the expense of a full-time controller. These services can be performed at a cost significantly cheaper than a Fractional CFO. They help maintain the health of a business by overseeing financial operations including budgeting, forecasting, and financial reporting.
How should a small business hire a financial controller?
When hiring a financial controller, consider the following factors:
Industry Experience: Ensure the candidate has experience in your specific industry to better understand your business needs and financial nuances.
Operational Experience: Ensure that the provider has experience that extends beyond an accounting firm, understands all business functions and knows the levers of a successful business.
Qualifications and Expertise: Look for candidates with strong qualifications, such as a CPA or relevant certifications, along with expertise in accounting, financial reporting, and compliance.
Technology Skills: Evaluate their familiarity with accounting software and financial management systems that align with your business operations.
Communication and Leadership: A good financial controller should not only be analytical but also able to communicate financial insights clearly to leadership and manage accounting teams effectively.
Adaptability and Scalability: Choose someone who can scale with your business as it grows and adapt to changing financial conditions or strategic goals.
Cultural Fit: It’s important that the financial controller aligns with your company’s culture and can collaborate effectively with your team.
How to choose between using an in-house controller or hiring a fractional controller?
Choosing between a fractional controller and an in-house controller depends on your budget and needs. A fractional controller is more cost-effective, offering flexibility for smaller businesses or those with fluctuating needs. They bring diverse expertise from multiple industries, ideal for part-time or project-based oversight. In-house controllers provide full-time, consistent management, which may be better for businesses needing ongoing, in-depth financial oversight. If your business requires flexibility and scalability, a fractional controller is a good choice; if you need full-time, hands-on financial leadership, an in-house controller may be a better fit.
What is Vistance's experience working with small businesses?
Vistance has extensive experience working with small businesses across various industries. We specialize in providing fractional financial services that are tailored to meet the unique needs of smaller companies, helping them grow sustainably while managing their financial challenges.
Can Vistance assist in setting up financial processes and controls for internal use?
Absolutely. Vistance helps set up internal financial processes and controls that are designed to protect assets, ensure accuracy, and maintain financial integrity. This includes establishing clear workflows for bank approvals, invoicing, expense tracking, and financial reporting.
Can Vistance help with budgeting and forecasting?
Yes, Vistance excels in budgeting and forecasting. We collaborate with you to set realistic financial goals, prepare detailed budgets, and develop forecasting models that align with your business strategy. This helps in both short-term financial planning and long-term growth.
What software does Vistance typically use for financial management?
Vistance works with a variety of financial management software, including QuickBooks, Xero, and NetSuite, depending on your business’s needs. Vistance ensures seamless integration of financial tools to improve data accuracy and streamline financial operations.
How does Vistance handle cash flow management and improve liquidity?
Vistance implements robust cash flow management strategies by regularly monitoring inflows and outflows. We provide recommendations on optimizing payment cycles, reducing receivable collection time, and improving expense control, ensuring your business maintains healthy liquidity.
What value will Vistance bring to my business beyond managing finances?
Beyond traditional financial management, Vistance provides strategic insights that help drive business growth. We offer recommendations on cost optimization, profitability, financial risk management, and help you make decisions that align with your overall business goals. Vistance also identifies relevant grants and subsidies that can provide a helping hand to growth.
Rather than simply providing a compilation engagement (previously known as notice to reader), Vistance also provides investor-ready financial statements, something a large majority of accounting firms do not provide.
