Outsourced Finance Director / FD
Outsourcing your Finance Team is increasingly common in larger corporates but having a outsourced Finance Director or FD is not typical. It is a great way to get experienced talent into your company and FD Capital are a leading provider of Portfolio FD’s which are Outsourced Finance Directors who work for more than one company at the same time.
Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity that is or could be done internally, and sometimes involves transferring employees and assets from one firm to another.
The term outsourcing, which came from the phrase outside resourcing, originated no later than 1981. The concept, which The Economist says has “made its presence felt since the time of the Second World War”, often involves the contracting of a business process (e.g., payroll processing, claims processing), operational, and/or non-core functions, such as manufacturing, facility management, call center/call centre support).
Engaging an outsourced Finance Director (FD) offers businesses a strategic advantage by providing high-level financial expertise without the commitment of a full-time position. This approach is particularly beneficial for small to medium-sized enterprises (SMEs) and start-ups that require seasoned financial leadership to navigate complex financial landscapes.
Advantages of an Outsourced Finance Director:
- Cost Efficiency: Accessing top-tier financial guidance on a part-time or project basis allows businesses to optimize their budgets, directing resources where they’re most needed. For instance, experienced Finance Directors based in regions like Shropshire and Devon are available at a day rate of £375 to £450, whereas equivalent professionals in London may expect £550 to £750. This regional flexibility can lead to significant savings. FD Capital
- Flexibility: Outsourced FDs offer scalable solutions, adjusting their involvement based on your company’s evolving needs, whether it’s during periods of growth, restructuring, or specific projects.
- Diverse Expertise: With experience across various industries and business stages, outsourced FDs bring a wealth of knowledge, implementing best practices tailored to your unique challenges.
Outsourcing your FD
We offer three solutions for businesses and organisations: –
- Part-Time FDs and CFOs. These professionals give you the skills and experience of having a finance director on your team on a part-time basis, allowing them to focus on specific concerns for your business or support your existing team. Our part-time FDs and CFOs are available on a fractional time basis.
- Interim FDs and CFOs are available for short term assignments, such as covering maternity leave or focusing on a specific issue within your business.
- Full-Time FDs and CFOs. Our team will help you find the right senior financial professional for your business – one that ticks all the boxes and can bring a fresh perspective to your company.
Our Approach at FD Capital:
At FD Capital, we specialize in connecting businesses with outsourced Finance Directors who can seamlessly integrate into your team and drive financial performance. Our process includes:
- Understanding Your Needs: We begin by thoroughly assessing your business’s financial requirements, challenges, and goals to ensure we identify the ideal FD for your organization.
- Tailored Matching: Leveraging our extensive network of finance professionals, we match you with an outsourced FD whose expertise and experience align with your specific industry and business objectives.
- Ongoing Support: We provide continuous support to both the business and the FD, ensuring a successful partnership that delivers tangible financial improvements and strategic growth.
Case Studies:
- Tech Start-Up: A rapidly growing tech start-up engaged one of our outsourced FDs to establish robust financial controls and reporting systems. This collaboration resulted in improved investor confidence and successful funding rounds.
- Manufacturing SME: An SME in the manufacturing sector faced cash flow challenges. Our outsourced FD implemented effective cash management strategies, leading to stabilized finances and sustained operational growth.
From an administrative point of view there are different options available for an Outsourced FD and CFO solution, the FD can be on our payroll and we invoice you, they can operate via their own personal service company or we can use an umbrella payroll service. Which ever option works best for your company we can accomodate, the benefit of an Outsourced Finance Director is that outsourcing means that your organisation only pays for a fraction of the FD’s time and therefore the costs are that much lower than having a full time FD.
Outsourced FD based in the UK
All our FD’s are currently UK based, the advantage we offer is that homebased team members are available for a lower cost around the Country than in some areas such as London and the South East. For example we have very experienced Finance Directors based in Shropshire and Devon, which are available at a day rate of £375 to £450 whilst an equivalent skilled senior Finance Professional in London will expected £550-£750. As long as you are able to offer remote working or at least hybrid working, then clearly there are significant savings to be achieved.
Our team members do have experience of working internationally, and are open to working remotely for international clients, where the time difference to the UK is manageable.
Our Culture
At FD Capital Recruitment, we pride ourselves on having a friendly and professional team. Our team is made up of professional recruiters and Financial Directors, meaning you can speak first-hand with a professional who can understand your business concerns over the phone. A number of our team are entrepreneurs on the side, helping us relate to the needs of everyday clients and customers who put everything into their business.
We offer specialists that have strong skills in certain sectors. Our team have a huge amount of experience and we also have dedicated niche specialists who can help with opportunities that require a particular skill set or discipline.
Skills include:-
- E-Commerce specialists who are Digital marketing professionals as well as Finance Directors.
- Business recovery or turnaround specialists who can help during corporate distress.
- Fund raising professionals – Finance Directors with expertise and a successful track records with raising funds from PE Houses and Venture Capitalists.
- Bi-lingual FD‘s with strong language skills, often native speakers
Choosing an outsourced Finance Director (FD) through FD Capital provides your business with invaluable strategic insight, flexibility, and financial expertise—all on a scale that fits your budget and requirements. Outsourced FDs are ideal for businesses looking to bring in seasoned financial leadership without the long-term commitment or costs associated with a full-time FD. With an outsourced FD, you gain the expertise needed to optimize financial performance, enhance profitability, and navigate complex financial scenarios such as mergers, acquisitions, or preparing for investment.
Our outsourced FDs bring a fresh perspective and are often able to identify new opportunities for cost-saving and revenue generation. They work closely with your team, offering guidance on financial forecasting, budgeting, and reporting, and they play a crucial role in ensuring financial compliance. Their goal is to support your business’s growth trajectory by building a robust financial foundation that can scale with your ambitions.
At FD Capital, we understand that every business is unique. That’s why we take a tailored approach, selecting an FD who not only has the technical expertise required but also aligns with your company’s culture and strategic vision. Our network of outsourced Finance Directors spans various industries, allowing us to match you with a professional who has relevant, industry-specific knowledge—whether you’re in tech, manufacturing, retail, or services.
Working with an outsourced FD also allows you to benefit from flexibility in service delivery. You may need an FD on a part-time basis, for a few days each month, or on a project basis during critical growth phases. This flexibility ensures you’re not only getting value but also a financial strategy that evolves as your business grows.
Contact FD Capital today to explore how an outsourced Finance Director can be a powerful addition to your leadership team, helping to drive financial stability, resilience, and growth.
Are you looking for a specialist finance director? You can find out more about them here.
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If you’re considering the benefits of an outsourced Finance Director for your business, contact FD Capital today. Our team is ready to assist you in finding the perfect financial leadership solution tailored to your needs.
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