For small businesses, outsourcing is the ideal option to achieving cost savings. This is certainly the case for core functions, such as IT, marketing and accountancy services, where businesses can take advantage of employing expert services whilst avoiding the need to increase staff costs and overheads.
However, there is now a growing emphasis on specialised outsourced arrangements - bringing value to a company above and beyond the cost savings made.
How does an outsourced financial controller/director add value?
The FCA has the power under section 137S of the Financial Services and Markets Act 2000 that enables them to ban misleading financial promotions. This power means the FCA can remove promotions immediately from the market, or prevent them from being used in the first place, without going through their enforcement process.