If your business is growing and your Chief Financial Officer could use a hand in managing day-to-day financials, you may be considering your options for outsourcing. Companies like Nexagy® are here to help in transitioning these daily duties to an outsourced financial controller. But what is a controller in finance? How does it work when it comes to making high-level, strategic decisions that support the growth and development of a company? When should my business consider a controller? Let’s take a closer look at what a controller in finance is and how it can alleviate the stress and daily requirements for your company’s CFO.
What is a controller in finance?
Understanding the objective of a controller in financial situations will assist you in better understanding if it would be beneficial for your company to consider. A controller in finance is best described as a high-level financial manager responsible for overseeing the day-to-day accounting and financial operations of a business. They are often considered one step above an accountant, as they not only handle the mundane, daily tasks of managing finances but also provide strategic insight and decision-making support to help drive the company’s success.
What does a controller in finance do?
The role of a controller in finance goes beyond just crunching numbers and creating reports. They are also responsible for evaluating financial data, identifying trends, and making recommendations for improvements in order to optimize the company’s performance. These professionals work closely with other departments including areas of sales, marketing, and operations to ensure that all of the decisions made align with the company’s overall goals and objectives.
How can a controller benefit my company?
There are many reasons why business owners turn to Nexagy® for controller services. Here are just a few ways that a controller can benefit your company:
- Improved financial management. With a dedicated controller overseeing daily financial tasks, your CFO can focus on more strategic and high-level decisions to help grow your business.
- Cost savings. Hiring an experienced and qualified full-time controller can be costly for small businesses. Outsourcing this role through Nexagy® can save you money while still providing you with the expertise and support you need.
- Increased efficiency. A controller in finance is trained to streamline processes and identify areas for improvement in order to increase efficiency and reduce costs.
- Expert insights. Controllers have extensive knowledge of financial principles, regulations, and best practices, allowing the controllers to provide valuable insights and possible recommendations for improving your company’s financial operations.
- Scalability. As your business grows, a controller can adapt to the changing needs and demands of your financial management, providing you with a scalable solution that will continue to support your company’s growth.
Work with a team who can provide you with the controller services you require to run your business seamlessly!
At Nexagy®, we know that many business owners are looking to lighten their load, and with controller services, taking care of your financial services with a custom-tailored plan might be the solution your company needs! Call our office to learn more by dialing (704) 218-9549 or messaging us through our website.