Catalyst Housing Group’s Post

What’s the Real Value of a High-Performing Finance Team? A strong accounting and finance team is more than numbers on a spreadsheet. It’s the difference between: → Raising that next funding round—or missing it. → Clean audits—or compliance nightmares. → Unlocking strategic decisions—or getting bogged down in manual processes. We know that great teams don’t just happen. They’re built with the right people, processes, and strategy. Have an amazing week, friends ❤️ P.S. have you ever seen the quality of an accounting or finance team make or break a critical deadline or project? Mpowered Staffing LLC

THREE QUESTIONS TO ASK YOURSELF BEFORE HIRING AN OUTSOURCED FINANCE TEAM: 1️⃣ 𝐇𝐨𝐰 𝐰𝐞𝐥𝐥 𝐝𝐨 𝐭𝐡𝐞𝐲 𝐤𝐧𝐨𝐰 𝐦𝐲 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐚𝐧𝐝 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲? Experience matters. Your advisors should understand your business model and industry to offer relevant insights. 2️⃣ 𝐂𝐚𝐧 𝐭𝐡𝐞𝐲 𝐠𝐫𝐨𝐰 𝐰𝐢𝐭𝐡 𝐦𝐞? If your business is on a high-growth trajectory, ensure your providers can grow with you, especially in resource-intensive roles like bookkeeping. Partnering with a financial manager capable of scaling with your organisation eliminates the hassle of constantly replacing and retraining your finance team as you expand. 3️⃣ 𝐃𝐨 𝐈 𝐭𝐫𝐮𝐬𝐭 𝐭𝐡𝐞𝐦? Trust and rapport are key. A great finance partner will back you and have the tough conversations when needed. Ask yourself, do I genuinely like this team, and can we work effectively together? A good financial manager can be invaluable in achieving your business goals. Knowing how to choose the right one is half the battle! 🤺 https://sbo.financial/

🤓 8 Reasons to hire an Interim Financial Controller in to your Tech Scale-Up 🚀 #PrivateEquity #VentureCapital #TechScaleUp #FinancialStrategy #InterimController #ValueCreation #BusinessGrowth

Feeling the strain of the financial tasks piling up in your business? Knowing when to expand your team can be a game-changer for your business's success. Here are some indicators it might be time to hire staff to handle accounting and financial duties: - Rapid Growth: If your manufacturing business is experiencing rapid growth, it may be a sign that your current team needs support to keep up with increasing financial demands. - Complexity of Transactions: As your business grows, so do the complexity of financial transactions. If you find yourself juggling multiple accounts, invoices, and payments, it could be time to bring in additional help to ensure accuracy and efficiency. - Strategic Initiatives: Planning to launch new products or expand into new markets? Hiring staff with expertise in financial analysis and strategic planning can provide valuable insights and support to drive these initiatives forward. - Time Constraints: Are you spending more time on financial tasks than focusing on strategic priorities? Hiring dedicated staff to handle accounting and financial duties can free up your time to focus on growing your business and achieving your goals. Expanding your finance team isn't just about relieving your workload—it's about unlocking your business's full potential. By bringing on some help, you can gain the financial insights and support needed to make informed decisions, drive growth, and ultimately, achieve your vision for your manufacturing business. Ready to take the next step? Let's chat about how building a finance team can help to fuel your success! #ManufacturingFinance #FinanceTeam #SmallBizGrowth

Is your business growing but struggling to manage complex financials? It might be time to bring in a financial controller to oversee accounting and ensure compliance. 👉 Experiencing rapid growth or financial complexities? A financial controller can help you stay on track. 👉 Struggling with inconsistent reports, cash flow management, or compliance? It might be time for expert financial oversight. 👉 Expanding into new markets? A financial controller ensures your business scales successfully. 🔗 Discover all 10 signs in our latest blog post! https://lnkd.in/gMZ67WaA 1840 & Company can help you find experienced financial controllers that perfectly fit your business needs. With access to a global talent pool and a streamlined hiring process, we make sure you hire the right talent to safeguard your financial future. #FinancialManagement #Outsourcing #1840andCompany 

Is your business ready for your financial year end? For many organisations the financial year comes to a close in December. This means SMEs and startups face an intense period of statutory reporting, looming deadlines, and the need for additional resources to ensure compliance. For businesses running lean, this period can be challenging: 💥 Increased pressure on existing teams 💥 Tight deadlines for submitting financial reports 💥 Complex regulatory requirements 💥 Resource constraints with limited headcount Balancing day-to-day operations while ensuring accurate financial reporting can quickly drain your team’s energy and focus. But there’s a solution... Hiring temporary or interim finance professionals can relieve that pressure by providing: ✅ Flexible, expert support to navigate reporting deadlines ✅ Experienced professionals who intergrate easily, boosting morale ✅ A cost-effective solution without the long-term commitment of permanent hires At Kage Partnership, we help SMEs and startups by providing tailored interim finance experts that fits your needs, whether it's for a few weeks or several months. We will take time to understand your business and ensure the right fit to keep your operations smooth during crunch times. It may still feel a little early to be planning for it yet, but letting us get to know you now will ensure we're the flexible, expert solution when you need us to be.

Your finance team can cost you anywhere between $10K to $30K per month. If you’re looking for a US-based team, it can cost up to $60K monthly to hire a team of multiple accountants, fractional/full-time CFO, and controller. We did this salary deep dive ourselves while hiring new FP&A managers at Fuel to support our customers (our product is an FP&A solution + a dedicated financial expert). And one of our customers recently said they got enterprise-level finance that usually needs an entire team—and they did it for 10x less with Fuel. So, here is a cheat sheet with average salaries on the market.  Hope it helps. And May the Profit Be With You 💚 Alyona

Hiring an Outsourced CFO can increase your down line and reduce money waste.

Why is hiring the right finance talent crucial for start-up success?🔍 Whether you’re gearing up to make your first internal finance hire or looking to strengthen your FP&A function, building a strong finance foundation is key. Here are 3 reasons why a top-tier finance team is essential: 🧠 Strategic Insight and Planning: Crucial guidance and planning will help you navigate growth challenges and make more informed business decisions. 💸 Effective Cash Flow Management: Cash is king, as they say, so effective management will prevents crises and ensures you have the liquidity needed to operate and scale at the right time. 🤝Investor Confidence & Fundraising: A strong finance team, including a skilled CFO, is vital for communicating your start-up's financial health to investors, securing funding, and building confidence. If you're a Founder or Finance Leader looking to build out your team, please get in touch on jordan.macdonald@harmonicfinance.com.

Wondering when your tech company might need its own #finance team? Here’s a simple rule of thumb: start thinking about an internal controller when you hit $20M #ARR or 50 full-time employees. But keep in mind, mixing in-house expertise with fractional specialists can help manage costs while providing valuable insights. For #tech companies, setting up a full #accounting department often isn't necessary until you’re close to $250M ARR. Industries with more detailed financial needs, like manufacturing, might need to act sooner. If you're not ready for a full internal team, we can help. At Carpe Digits, we offer flexible, fractional financial services to support your growth without the cost of full-time hires. Whether you need strategic advice or detailed financial management, we're here for you. Want to learn more? Contact us today! Let’s optimize your financial operations together! #finance #techindustry #businessgrowth #outsourcing #CFOservices