It takes a lot of trust to pass on your company's accounting and bookkeeping responsibilities. There are plenty of benefits to hiring an outsourced controller, but there are some things to be aware of before you choose the best option.
What do you need in outsourced controller services? It's important to consider this as you weigh your options. The goal is to find the best fit for your business needs.
Here are four tips for finding the right outsourced controller for your company.
Experience is always an important factor when you're hiring someone to join your team. You want a controller who has experience working with businesses just like yours.
Before hiring a controller, consider their education, qualifications, and experience. It's worth it to pay for a qualified professional you can trust rather than someone inexperienced or incompetent. If you don't, it could end up hurting you financially in the long run.
Cost is always a factor when hiring talent for your company. You don't want to overpay an inexperienced controller, but you don't want to overpay for quality controller services either.
If a controller is charging far less than the competition, their skills or experience may be lacking. Look for a controller who has experience, fair pricing, and a good reputation in the industry.
Hiring a controller in the median to slightly above the median tier for pricing is a safe place to start.
It's challenging to switch from one outsourcing firm to another for accounting services. This can be necessary as your business grows and your financial needs change.
What happens if you outgrow your accountant and need CFO services? Rather than worrying about this, it's best to work with an outsourced team that offers a wide range of services.
This allows you to grow with your outsourced team and adjust your business services as needed.
Although an outsourced controller won't be in your office space day after day, they will be spending a lot of time working with you and your employees. You want to choose a team that fits in with your company's culture.
It's a good idea to interact with the outsourced employees who will work for your company. This will help you get to know them, develop a rapport, and determine if they fit your company culture.
Take a look at your business needs to determine the outsourced controller services you need. Outsourcing may seem a little scary at first, but having the controller services you need can be a lifesaver for your business.
With these tips, you can find the right services at the right price for your company.
At Adventum, we have years of experience spanning diverse industries and financial disciplines. Our goal is to help you elevate your business strategy and navigate the ever-changing financial landscape.
Let us help your business reach its full potential. Contact Adventum today to discuss outsourcing services for your business.