After obtaining my CPA license, my first job was as an outsourced accountant. I was amazed how this model was very efficient.
The owner and/or CFO who knows the business intimately can focus on strategic initiatives to make the business grow instead of spending time performing accounting/bookkeeping and statutory compliance work. An added benefit is, when the outsourced accountant is unavailable, there is a backup that could continue operating, instead of building redundancy in-house.
Combine this model with NetSuite, the value is hard to ignore since the outsourced accountant does not need to travel on-site as work can be performed as long as there is a basic respectable laptop with internet connection.
We’re excited to share a feature interview with ScaleNorth Co-CEO, David Lasky, published this week by “OneGuide”. OneGuide is a PE portfolio acceleration portal highlighting expert authored insights. It’s subscribed to by top-tier PE & VC investors and their portfolio companies for expert growth strategies.
In this guide, David discusses how growth-stage companies can leverage technology and outsourcing partners to transition from a full-time to a fractional finance team.
View the link in the comments below.
#FractionalAccounting #GrowthStrategy #BPO #CorporateFinance
Partner at NewSpring Healthcare
2moAmazing what 25 years of focus can accomplish!! Many thanks to the founders and teams that have helped make this milestone happen.