APINI CONSULTING
FINANCE FUNCTION AS A SERVICE (FFaaS)
What is FFaaS?
FFaaS is the outsourcing of all or part of your Finance Function, typically with the various elements being delivered on a part-time or 'Fractional' basis. Any part of your Finance Team can be outsourced, from Bookkeeping and AR/AP through to CFO level support, and everything in between.
Why consider FFaaS?
For many growing businesses, taking on an entire Finance Team on a full-time employed basis just isn't viable. The financial and management costs associated with taking on an in-house team are prohibitive, and most roles won't warrant being full-time.
FFaaS allows you to bring in all the skills you need to cover the tasks you have on a fully flexible, right-sized basis. No more choosing between which role to fill, asking someone to step up into tasks they don't have the experience to fulfil, or step down into tasks they are over qualified for. A FFaaS team will cover all the bases, and you pay only for the skills and time required.
Why use Apini's FFaaS?
At Apini we pride ourselves in offering our clients impartial advice, flexible support and a unique understanding of the needs of growing businesses, borne from decades of experience across a variety of sectors and business sizes.
All of our FFaaS assignments are overseen by an experienced CFO or Finance Director, someone that has led Finance Teams and worked closely with owners, founders, Boards and investors.
We leverage a mix of experience and insight with current technology and tools to maximise efficiencies across the finance function, minimising the time we need to spend on the day-to-day, and maximising the value we can add to your business.
What might a FFaaS team look like, and what will it cost?
We understand that every business is unique and so every FFaaS assignment will be different. Before we provide a quote and proposal, we will work with you to understand exactly what it is that you need, where we can add maximum value.
We always recommend using the right skills and experience in the right roles, and having at least 2 team members in any FFaaS package. This allows for maximum flexibility, multiple touchpoints between us, and enhanced information and knowledge sharing. We can work with any existing team or fulfil the entire package.
Below are two examples of what an Apini FFaaS package might look like for different sized businesses:
B2B Company, Turnover £2-£3m
Bookkeeping/AR/AP - 10 days/mth - Day-to-day record keeping
Financial Controller - 4 days/mth - Month end reports, overseeing day-to-day finance. Ad hoc analysis
CFO - 1-2 days/mth - Overseeing the assignment, linking Finance to the Owners and investors. Strategic support and advice
All-in cost £6,000/mth
What would £6,000/mth get you as a full-time employee?
A newly qualified accountant or Finance Manager.
Growing Consultancy, Turnover £1m
Bookkeeping/AR/AP - 4 days/mth - Day-to-day record keeping
Financial Controller - 2 days/mth - Month end reports, overseeing day-to-day finance. Ad hoc analysis
CFO - 1 day/mth - Overseeing the assignment, linking Finance to the Owners and investors. Strategic support and advice
All-in cost £3,000/mth
What would £2,500/mth get you as a full-time employee?
Probably not even a full-time bookkeeper