Outsourced Finance Team
Growing a £3m business without a finance department.
A fast-moving software developer, working primarily in the healthcare sector, is run by a talismanic MD with new ideas every day.
Based in Bristol and founded only five years ago, the company quickly gained traction as an innovative health tech systems supplier.
Since the beginning, the company chose to work with Astrum and they have developed and grown at pace. Even now, with over 25 employees and revenues exceeding £3m pa, they do not employ a single person in a finance role. Astrum is their finance department.
Every supplier payment, sales invoice, cash collection, payslip and bookkeeping transaction is handled and processed by Astrum. We have integrated their systems to ours and all their transactions are processed efficiently and accurately.
The MD and his fellow directors are free of the burden of overseeing an area in which they do not have specialist knowledge. Instead, they are free to focus on their products, services and market opportunities.
And they do this in the knowledge that they have access to rich data that tracks their performance and keeps them on target to meet their objectives. All supplied by Astrum.
When they needed a cash injection to invest in new product development, we helped them through a rigorous process to win a competition for substantial financial support from the UK Government. We attend board meetings and provide strategic advice at a fraction of the cost of a full-time financial director.
The management team know they have:
- rich, reliable and accurate data that underpins their business decisions;
- robust processes and reporting that will stand them in great stead should they ever enter due diligence; and
- access whenever they want it to a full range of senior board level advice and guidance.
And what’s more, they have all of this for a fixed cost and zero distraction.
To find out how we can do this for you, please do get in touch by clicking the Contact me button below.