Outsourced financial management: a strategic solution for managing your company's growth
Outsourced financial management has become an essential lever for companies wishing to gain greater control over their finances while concentrating on their core business. In practical terms, this means entrusting an external expert with all or part of the company's financial functions, from cash management to management control and reporting.
Whether you're a start-up, SME or ETI, this approach offers a number of strategic advantages: reduced fixed costs, access to specialized skills and improved financial processes. You benefit from tailor-made support to steer your company's financial health, without the constraints of in-house recruitment.
What is outsourced financial management?
Outsourced financial management involves delegating the management of all or part of a company's financial functions to an external service provider, often a financial management consultant or outsourced CFO. Services may include :
- Cash management: monitoring financial flows, anticipating liquidity needs.
- Management control: cost analysis, margin management and reporting.
- Accounting supervision: coordination with the chartered accountant, control of tax and social security returns.
- Strategic support: help with financing decisions, fund-raising, budget forecasting.
Why outsource your financial management?
Outsourcing this key function offers significant benefits:
- Reduced costs: You pay only for the services you use, with no payroll or social charges linked to an in-house CFO.
- Immediate expertise: You gain access to specialized financial skills with no training period.
- Flexibility: The service adapts to your needs, whether for a monthly follow-up or a one-off assignment (fund-raising, restructuring).
- Process optimization: our experts bring you proven tools and methods to make your finances more reliable.
The benefits of outsourced financial management
Outsourcing offers many advantages for efficient financial management:
Expertise and specialized skills
One of the main advantages of outsourcing is immediate access to cutting-edge skills:
- Advanced financial analysis: Calculate margins, manage financial ratios.
- Tax optimization: Reducing tax burdens and complying with reporting obligations.
- Risk management: Identification of financial risks and implementation of corrective plans.
An outsourced CFO comes with years of experience, often acquired in several business sectors, bringing a fresh, objective view of your finances.
Cost reduction and flexibility
Recruiting a CFO internally often represents a substantial cost. For example:
- Average gross annual salary for a senior CFO: between €100,000 and €150,000.
- Social security charges and contributions: approx. an additional 40% of gross salary.
- Training and integration costs.
With outsourcing, these expenses are drastically reduced:
- No recruitment or training costs.
- Payment by assignment: generally between €1,500 and €5,000 per month, depending on the scope of the service.
- Total flexibility: the number of intervention days can be adjusted according to your needs.
Improving financial processes
An external expert brings not only technical skills but also solutions for improving your internal processes:
- Automate repetitive tasks: invoicing, bank reconciliations, cash flow monitoring.
- Implementation of reporting tools: clear, actionable financial dashboards.
- Optimization of accounting closing times: reduction of monthly and annual closing times.
Case studies
Mitiga Solutions
How does outsourced financial management work?
Key stages in a successful collaboration :
- Diagnosis of needs: Assessment of current financial situation and objectives to be achieved.
- Scope definition: Determine the tasks to be outsourced (treasury, reporting, management control).
- Provider selection: Identify an expert with the right experience for your industry.
- Implementation of tools: Integration of high-performance management and reporting software.
- Follow-up and adjustments : Regular checkpoints to adapt the service to the company's changing needs.
Tools and technologies used :
The experts in outsourced financial management rely on modern solutions:
- Accounting software: Pennylane, QuickBooks, Regate...
- Cash management tools: Agicap, Spendesk.
- Reporting tools: Metabase, PowerBI, Abacum, Anaplan.
- ERP: Netsuite, Odoo.
Who can benefit from outsourced financial management?
This solution is suitable for a wide range of companies:
Growing SMEs and ETIs
Fast-growing SMEs and SMBs benefit from outsourcing to :
- Structure their financial processes before recruiting an in-house CFO.
- Monitor their financial performance with reliable indicators.
- Reduce costs while benefiting from cutting-edge expertise.
Startups and developing companies
For startups, outsourcing financial management offers several advantages:
- Focus on innovation and growth.
- Establish solid financial indicators for fund-raising.
- Financial compliance from the earliest stages of development.
The main services offered as part of outsourced financial management :
- Cash management: daily monitoring, forecasting and management of financial flows.
- Management control: implementation of indicators, margin analysis, budget monitoring.
- Financial reporting: dashboards, monthly reports and analysis tools.
- Strategic support: financial structuring, fund-raising preparation.
- Accounting supervision: coordination with chartered accountants and validation of closings.
Why choose Iter Advisors for your outsourced financial management?
Iter Advisors offers a personalized and efficient approach to your financial needs.
Our strengths include :
- Wide-ranging sector expertise: Over 10 years' experience working with SMEs, startups and ETIs in sectors such as tech and services.
- High-performance tools: We use modern solutions such as Pennylane, Spendesk and Metabase for real-time management.
- Tailor-made support: Whether for a one-off assignment or regular follow-up, our services are tailored to your objectives.
- Smooth coordination: We work with your in-house teams and accounting partners to ensure optimum management.
They talk about us
FAQ : Frequently asked questions about outsourced financial management
Who can benefit from outsourced financial management?
It is aimed at companies wishing to structure or strengthen their financial management without recruiting internally, in particular start-ups, SMEs and ETIs in a growth or transformation phase.
Which services can be outsourced?
Services include cash management, controlling, financial reporting, budget forecasting and tax returns.
What are the main benefits of outsourcing?
It reduces costs, gives access to advanced expertise, increases flexibility and optimizes financial processes.