BLACK SHELL FINANCE

FINANCE DEPARTMENT RECRUITMENT

The recruitment for a finance department team member is best performed by a recruiter who has operational experience in running a finance department, not a sales person

The recruited person needs to have the right fit for the position and for the finance team


OUTSOURCE FINANCE DEPARTMENT PROCESSES

With the ever increasing costs associated with staff - both direct and indirect, companies should examine the cost benefit analysis of outsourcing major segments of the Finance Department.

These blocks of processes include

  • Sales invoices - debtors
  • Creditor invoices - creditors
  • Payroll - full end to end process (this is the most common outsourced block)
  • Bank reconciliations

The circumstances and processes vary in all companies so non one assessment of the specified block can be applied to all companies

The benefits in a majority of assessments indicates cost savings of at least 30%+ and efficiency savings of at least 45%+