chapter 06
The Power of Finance & Accounting Outsourcing
Get up to speed on financial transformation faster by hiring for the exact skills you need without much of the risk.
DOWNLOAD FULL REPORTWithin days, you can start adding value with a curated, top-tier expert to fill your deficits, carve out costs and boost ROI without overtaxing your staff.
Paro’s CFO Services went above
and beyond, exceeding what
we expected and positioning us
incredibly well for the next steps
that now need to be taken.
– Jonah T., Paro client
Inject Value and Ignite Change Early
A fractional expert provides:
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Capacity when you don’t have the bandwidth to train up for transformation. -
Technological, financial and operational know-how to fill a lack of intellectual capital in-house.
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A high-quality pedigree and fresh perspective.
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Insider knowledge on industry trends and varied experience from a range of clientele.
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High-demand and niche skills that longtime full-timers don’t have the opportunity to acquire.
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Discerning expertise based on capabilities and skills versus titles from a boundaryless talent pool.
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Less upfront risk than hiring full-time talent as you trial new skills, roles and responsibilities.
RELATED READING
5 Ways a Fractional CFO Adds Value
As businesses face rapid change and disruption, a virtual CFO offers advantages over traditional, onsite leadership. Read more ›
Fractional Talent in Action
On-demand talent provides gains that are both immediate and long-term in your finance transformation. When telecom program management firm inRange Solutions needed stronger financial systems and analysis to support rapid growth, Paro matched the company with a veteran CFO seasoned in increasing efficiency, revenue and enterprise value.
20 years of experience leading early-stage and middle market companies
New operational policies and procedures
A suite of analytical tools and modeling packages for each department
Replacing spreadsheets with reporting, forecasting, budgeting and accounting tools
A dashboard with projections and variance analysis for ongoing visibility and decision making
ROI via productivity gains and 60% more time for the CEO to work on strategy
Reduced expenses that boosted margins, with a goal of doubling revenue
$0.5M in savings as a result of revamping company tax positioning
Identified need to hire financial modeling expertise for speed to delivery
20 years of experience leading early-stage and middle market companies
New operational policies and procedures
A suite of analytical tools and modeling packages for each department
Replacing spreadsheets with reporting, forecasting, budgeting and accounting tools
A dashboard with projections and variance analysis for ongoing visibility and decision making
ROI via productivity gains and 60% more time for the CEO to work on strategy
Reduced expenses that boosted margins, with a goal of doubling revenue
$0.5M in savings as a result of revamping company tax positioning
Identified need to hire financial modeling expertise for speed to delivery
Next Steps
Inject Value and Ignite Change Early
Evaluate your back-office performance for low-hanging fruit
Choose a few back-office KPIs, like your function’s accuracy rate, turnaround times or utilization rate. Identify where you can optimize with fractional talent.
Pinpoint any roles that are underutilized or underperforming, and identify people who might be stretched too thin, thus limiting productivity. These areas are ripe for improvement with fractional talent and also serve as good conversation starters for financial transformation.
Understand what the finance and accounting outsourcing process looks like
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Meet with a Paro Solutions Consultant to assess your business goals and challenges.
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Get matched with an expert based on the exact industry, experience and skills you need—in as little as 24 hours.
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Receive support through onboarding and kickoff to establish short and long-term expectations.
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Assess your future business goals and build your roadmap using our data-driven recommendations and guiding insights.
FLOWCHART
How Utilization Determines Hiring
Use our flow chart to determine if part-time, fractional expertise can provide greater value based on your needs. Read more ›
The Engine of Every Organization
Before, businesses sought truth in numbers. Now, we find it in data, insights, projections and models. The cost of finance transformation pales in comparison to the cost of stagnation, and it falls on CFOs to rise to the occasion.
To learn more about how fractional talent can assist in your finance transformation, explore our business finance solutions.
Uncover the Blueprint for Finance Transformation
Get all of the insights from the playbook to share with your team.
About the Future of Finance Survey
The Paro Future of Finance survey used online interviews conducted among members of the Vitreous World panel, with respondents representing US-based C-Suite executives or senior management in Accounting or Finance; the resulting sample was statistically representative.
