As a business owner or executive, do you truly understand the drivers of your company’s financial performance? Can you quickly and accurately answer critical questions like:

• Am I making money, how much, and from which products/services?
• What can I do today to reach my goals for the month/year?
• Where is money being spent that is not contributing to better results?
• At the current pace, when will I reach my target profit?
• Where do I stand in relation to my annual Budget or monthly Forecast?

If you can’t confidently respond to inquiries like these, it may be time to consider the immense value provided by an outsourced Controller.

What is Controllership?

Controllership in accounting is a service that provides high-level strategic financial analysis, planning, and management from an experienced financial Controller on a contracted or outsourced basis. The Controller serves as a trusted advisor to help you deeply understand the numbers driving your business and implement processes to increase operational efficiency, reduce costs, accelerate revenue growth, and ultimately improve profitability.

For many organizations, having a full-time, in-house financial Controller on the payroll is cost-prohibitive. A controllership service allows you to enjoy the benefits of an expert financial manager’s guidance, without the full-time expense. You receive tailored financial intelligence and leadership precisely when you need it.

Key Benefits of a Controllership Service

Robust Financial Analysis and KPI Tracking

A top-tier Controller will analyze your financial data through many different lenses – revenue streams, product lines, departments, etc. They’ll implement dashboards and scorecards to track mission-critical KPIs like budget versus actuals, profit margins, overhead spending, inventory turnover, and other metrics that provide rapid insight into financial performance. You’ll gain invaluable clarity into which areas of the business are thriving or struggling.

Operational Cost Optimization

Are there areas where your company is overspending or allocating resources inefficiently? An experienced Controller will scrutinize your expenses, payroll costs, and operational processes with an impartial eye. They can pinpoint areas of redundancy, wasteful spending, or opportunities to renegotiate costs with vendors and suppliers. By streamlining operations and eliminating bloated expenses, you can reallocate those resources towards more profitable activities.

Scorecards, Budgeting and Forecasting

A Controller will apply robust forecasting and budgeting disciplines to ensure you can accurately track performance against financial targets and make data-driven decisions. They’ll create scorecards, rolling forecasts, and other critical financial reporting to measure progress and identify risks or opportunities in a timely manner. With these insights at your fingertips, you can pivot your business strategy and investments to capitalize on your most profitable products/services and highest growth areas.

Cost-Effective Model and Team Training

For a fraction of a full-time hire’s compensation, you can engage a highly-skilled Controller on an as-needed, scalable basis. Even better, they can provide hands-on mentoring to uplevel your existing accounting staff’s capabilities through sharing modern methodologies, financial leadership, and best practices. You’ll have a financial control system that continuously elevates your organization’s fiscal IQ and performance.

In today’s fast-paced environment, having an expert financial Controller’s objectivity, analysis, and reporting is invaluable for driving faster, more profitable decisions. An outsourced controllership service allows you to do exactly that, while affordably aligning strategy with disciplined execution and cash flow mastery. Leverage this model to gain the financial intelligence needed to steer your business to maximum growth and success.

Silicon Valley Accounting Solutions offers a wide range of accounting services centering inside controllership services, automation processes and strategic reporting. Please reach out for more questions and customized pricing based on your exact needs.