How it Works

Each element of the finance function can be serviced separately or the whole finance function can be outsourced - it depends on what is the best fit for you and your organisation.

Some charities, for example, outsource only their debtor management or up to trial balance level, but most will outsource the whole function which is often where the highest cost saving can be achieved.

You are still responsible for the information that goes into the finance system including coding and authorisation however once the information is received, our experienced operations team then take over the processing. This includes raising sales invoices, processing invoices and expenses, dealing with supplier queries, payroll, treasury and production of management information. As we use the best technology and introduce electronic and best standards of practice, the processing becomes very efficient and therefore decreases your costs. The following is an illustration of how it can work:

We can also provide advice and support in terms of TUPE regulations which impact on any outsourcing (and insourcing) arrangements. Click for further information.

If you would like to understand how you can benefit from outsourcing go to our online outsourcing enquiry form or give us a call on 01793 554 204 to discuss how your charity can achieve these benefits.