16 May 2023

7 Benefits Your Business Gets from Hiring Dexterous as Your Finance Team

Every business needs a finance team that is committed to achieving business goals and driving growth. To make the right decisions and generate commercial results, it’s crucial for business owners like you to be supported by finance professionals who are skilled at:

  • accurate accounting and bookkeeping
  • managing cash flow and budgets
  • preparing financial reports
  • and most importantly – taking care of your company’s financial well-being and performance.

To do this, you essentially need the right finance people operating at the right level to get the most effective and efficient results for your business. You don’t want the CFO to be responsible for duties such as payroll and collections, and the bookkeeper should not be making decisions that are reserved for top management and fall within the CFO’s purview.

That’s why putting together the right finance department can be challenging (but necessary)

It requires you to spend significant amounts of time and money, especially nowadays that workforce shortages and the threats of recession are a challenging reality. In fact, this might be the initial reason why you’ve come across Dexterous. You were probably looking for a resource solution that could help you build the right finance department for your business.

The good news is that Dexterous offers so much more than resourcing

We are your external team of experienced and qualified finance professionals that work as part of your business and are ready to streamline your finance department in a smart, scalable way. Let’s discuss the key benefits our Managed Finance Department as a Service delivers to your business.

What makes Dexterous different?

Dexterous provides a modern and effective alternative to building and running your organisation’s own finance department. Through a hybrid finance department approach that combines our global workforce with innovative technology, we remove the burden of recruitment, onboarding, training and performance management of finance employees.

We are a Managed Finance Department that operates as your internal finance team, ensuring you always have the right people, roles and skills to enhance efficiency, boost productivity and achieve ongoing success in your business When you hire Dexterous, you get access to all of our resources and expertise. We can manage your entire financial function or co-exist seamlessly with your current internal finance resources so your department is future-proofed, agile and capable of scaling as you need it to.

What do you get from hiring Dexterous specialists?

As your trusted finance team virtually next door, here are the key commercial benefits that you can take advantage of after hiring Dexterous.

  • Insights and guidance from a team of industry experts

When using our skilled finance department as a service solution, you won’t have to deal with talent shortages and knowledge gaps. Instead, we give you access to multi-award-winning and experienced finance professionals, ranging from CFOs to bookkeepers and accountants to payroll, receivables and payables specialists and beyond. Aside from managing your finance function on your behalf, you can also rely on our finance team to provide valuable business insights that help make more strategic business decisions. 

  • Fresh perspective

Having collaborated with hundreds of clients across a wide range of industries, we already have first-hand experience of what’s working for businesses and what’s not. This is why we are capable of providing a progressive, innovative and refreshing finance perspective that can help you better approach challenges and opportunities. We also consistently upskill our Dexterous team so they have the latest knowledge and proficiencies in performing business finance department roles. 

  • Business scalability

At Dexterous, you can have a fully flexible finance function that grows alongside your business and meets your ever-changing needs. We equip you with managed finance department solution that can cover the multiple roles and hours of work time your business currently requires. We also ensure that the responsibilities and scope of every role are clearly defined so that the CFO does not have tedious tasks like payroll and collections on their to-do list, nor a bookkeeper making top management decisions that are meant for the CFO.

  • Mitigating key person risk

The traditional ways of resourcing a finance function often come with key person risk as you entrust specific responsibilities to specific people. As such, when they go on leave or resign, it heavily impacts your operations.  Yet at Dexterous, our Managed Finance Department ensures that your finance function is not purely dependent on a few key individuals. While you do have a key contact, they are backed by our team of finance specialists who have the skills, expertise and full understanding of your business, which then enables us to handle all the elements of your finances for you.  That way, there’s no downtime or loss of essential knowledge if someone does leave.

  • Finance tools and technology

Dexterous takes pride in being technology-driven and future-focused. We proactively invest in innovative tools and resources – not just to upskill our finance professionals but also to enhance the service value we deliver to your business. Our software partners include Xero, MYOB, QuickBooks, Netsuite and more. We also take advantage of Robotic Process Automation (RPA), so you can rest assured that Dexterous is equipped with the right technology to help you streamline your finance function.

  • Opportunities for growth

At Dexterous, we serve as your business’ growth-focused finance department. Through our CFO Advisory, we provide high-level strategic advice and support that can help you accomplish business goals.  We are never complacent and are always looking for opportunities to enable you to generate revenue, remain compliant and expand your business.

  • Peace of mind

With Dexterous, you are backed by a team of finance specialists who are highly trained, ready to work and always at your service to run your finance function. We also offer 356-day support, giving you the confidence that your bookkeeping, accounting, payroll, collections, and tax compliance are looked after all year round. 

Power up by plugging Dexterous into your business 

Dexterous is different from direct finance staff hiring, finance staff offshoring and other set-and-forget external finance department solutions in the market.  We are a managed finance function service provider that plugs directly into your business and collaborates seamlessly with your existing internal model to provide you with the agility, flexibility and scalability that you need to succeed. As a turnkey managed finance function service, we enable you to easily navigate the evolving business landscape and power your business growth – today and in the future.

Dexterous is the one-of-a-kind finance team your business needs

At Dexterous, we go far beyond virtual bookkeeping and external accounting services.  We provide a turnkey managed finance solution that works for you through a financial, operating and growth lens. This means that we leverage all the latest business tools, access global talent and manage your finance department with the local expertise of our Sydney team.

We also equip you with a strategic approach and cost-effective function not just to address the challenges of recession today, but to help you thrive and achieve more growth in the future.

Reach out to Dexterous and transform your finance department today. For more information, get in touch with us today or connect with us via LinkedIn.