Hiring an Accounting Manager? Why You Should Outsource Instead

Managing your company’s finances is an important part of running a business. But that can be tough to do without the right talent on your team. It’s why growing companies often hire accounting managers.

An accounting manager will oversee your financial management strategy — helping with everything from budgeting and forecasting to complex analysis and compliance. If you’re ready to bring this kind of expertise to your team, consider outsourcing. As shown below, it can be a more flexible, cost-effective solution to your business problems. 

Hiring an Accounting Manager: Full-Time vs. Outsourcing

If you want to hire an accounting manager, you have two options. First, you can add a new full-time employee to your team. Or, if that doesn’t work for your business, you can access the talent you need by outsourcing your accounting manager search. 

The following three benefits highlight the kind of value your company can get through outsourcing as opposed to hiring full-time. 

1. Outsourcing Saves Money

First, outsourcing is a more flexible way to hire an accounting manager. It makes it possible to bring in the talent you need without adding another employee to your full-time payroll.

This can be especially helpful for small teams that need accounting support but can’t afford to start an internal department. However, larger companies can benefit, too. Outsourcing provides greater flexibility around costs, making it a viable option in most financial situations. 

2. Access to High-Level Expertise

Attracting high-level accounting managers can be challenging if you don’t have a competitive salary to offer. This means certain businesses can get priced out of the financial expertise they need to grow and solve problems.

Outsourcing is a solution. Its affordability and flexibility provide an easier entry point for low-budget businesses seeking financial expertise. For a relatively modest price, you could work with an industry expert who has years of experience supporting businesses like yours.

Plus, you get the talent you need faster when you go through an outsourcing provider like CFO Hub. We have a team of experts ready to assist at a moment’s notice. It could take weeks or even months to find the right expert on the open market. 

3. Scale Services with Your Business

Another factor to consider is that your company’s financial management needs will likely change over time. For instance, you might need an expert to spend six months with your business initially. However, after they set up the right processes, you may only need their support on an as-needed basis. Outsourcing allows you to adjust what you pay for as your needs evolve.

That can be helpful for businesses with seasonal changes in demand. It’s also great for a growing company that expects to face surging demand. Ultimately, you’ll have an easier time adjusting the amount of financial expertise you pay for when you outsource compared to hiring a full-time employee. 

Find Your Next Accounting Manager with CFO Hub

There’s no time like the present to start looking for your ideal accounting manager solution. CFO Hub can help you find it with our diverse talent pool and service options.

Schedule a free consultation to learn more about how we can help.