Outsourced finance departments can save money for small businesses

If you are a small business owner looking to carve out some personal time and cut your operating costs, you may want to consider an outsourced finance department (OFD. )

The OFD charges a service fee to take responsibility for many of the non-revenue generating areas of the business. OFDs typically manage marketing, human resources, tax and accounting functions at very reasonable fees. The OFD concept allows the owner the opportunity to do the things that provide the greatest benefit to the company by allowing to focus on revenue generating activities.


For a company’s marketing efforts, these can include internet media and group team building. Human resources include compliance with all laws, insurance programs and payroll services. Accounting and finance services include bill payment, current financial statements, cash analysis and management level conferences. While some owners may have the skill set to perform these non-revenue functions, most simply don’t have the time because they are either on the production line or out selling.

For those business executives who find themselves assuming too many duties, our firm’s OFD program can provide much needed relief after they begin this cost effective transition.

Steve Cook