Financial management is the backbone of a business’s health and growth potential. For SMEs, managing this function in-house can be costly and labor-intensive. With Recount's shared financial services, companies gain access to experienced financial management at a fraction of the cost.
1. Cost Savings for High-Quality Financial Services:
- From CFO-level insights to tax management, shared finance services give SMEs robust support without hiring an internal finance team, saving up to 40% on expenses.
- A start-up saved 20% of its annual budget by outsourcing financial planning and budgeting, allowing it to reinvest savings in product development.
2. Operational Efficiency through Automation and Expertise:
- Recount’s services automate repetitive financial tasks such as invoicing, collections, and payroll, significantly reducing manual errors.
- Data Point: On average, Recount clients reduce payment processing times by 15%, ensuring timely invoicing and collections, which positively impacts cash flow.
3. Scalability to Meet Business Needs:
- As a company grows, its financial needs shift. Recount’s shared services offer flexibility, allowing companies to easily scale services up or down as required.
- A mid-sized manufacturing firm expanded its finance services to cover international tax management, facilitated by Recount’s experienced tax consultants.
4. Expertise that Supports Strategic Decision-Making:
- Recount’s finance experts bring industry insights, risk management strategies, and regulatory knowledge, helping clients avoid financial pitfalls and maximize profitability.
- A logistics company with limited financial expertise leveraged Recount’s team for cash flow management, improving liquidity by 25% in just six months.
