What we do
All successful leaders have developed great finance skills – alongside their bookkeeper, finance manager and their tax accountant, have kept everything ticking over smoothly for a number of years.
Successful firms will start to face more complex financial and strategic challenges. It can often feel over-whelming for the CEO / Founder, juggling too many balls and taking focus off the core business.
Plug-in Finance fills this gap. We work with CEOs / Founders to manage the strategic and financial challenges that they start to face, and provide the insight needed to move the business forward. It could be for a one-off piece of work, or 2-4 days ongoing CFO support per month.
Services
FINANCIAL LEADERSHIP
Manage Finance
Team
Plug-in Finance can provide your inhouse finance team with support and direction. Alternatively, we can provide any operational finance support that you may require as your business grows.
FINANCIAL LEADERSHIP
Evaluate Commercial Initiatives
We can provide financial analysis support to enable you to make optimal commercial decisions e.g. assess commercial contracts, from both a profitability and cashflow perspective; investment appraisals etc.
FINANCIAL LEADERSHIP
Stakeholder Engagement
We can support you, or indeed manage, relationships with key external stakeholders, e.g. HMRC, Bank Client Relationship Managers, External Accountants etc.
GOVERNANCE
Board Management & Reporting
Our fractional CFO services support you in all aspects of Board management, such as creating an annual plan to ensure all required matters are monitored by the Board, create agendas, collate and distribute papers. We can provide finance / risk / audit representation at Board meetings and will also challenge the commercial proposals from a finance perspective.
GOVERNANCE
Compliance & Risk Management
Proactive management of compliance and risk can ensure businesses safeguard their assets, enhance operational efficiency and maintain a solid reputation. Plug-in Finance can support your business to enhance risk management practices, particularly around strategic risk management, positioning you to achieve sustainable growth and long-term success.
GOVERNANCE
Operational
Excellence
As your organisation grows, it will become essential to professionalise your business. Strong people, processes, systems, controls and reporting will provide the foundations to support that growth. Plug-in Finance has significant experience in assessing current operations, creating a realistic action plan, monitoring and reporting on delivery of those actions.
STRATEGIC PLANNING
Facilitate Strategy Sessions
At least annually, every business should take time out to review
the current business performance, reassess its strategy and develop goals and objectives for the forthcoming year.
Your portfolio CFO can help facilitate these strategy discussions.
STRATEGIC PLANNING
Strategic Financial Planning
Strategic financial planning is CRITICAL to ambitious companies. Looking at last year’s accounts, will not help you manage business performance and grow the business!!
We can help you implement the same strategic financial planning processes used by FTSE-100 companies.
GOVERNANCE
Develop KPI
Scorecard
We will work with you to implement KPIs to help ensure that your company’s activities are aligned with its strategic objectives - both financial and non-financial!! By leveraging this discipline, you can drive performance, achieve strategic objectives and maintain a competitive edge in the market.
OPERATIONAL FINANCE
Ongoing Financial Management
Plug-in Finance can manage all your ongoing financial reporting requirements - monthly management accounts and cashflows, quarterly re-forecasts. Bespoke reports can also be created if more in-depth reporting around cost or profitability drivers if required.
OPERATIONAL FINANCE
Cash Flow Management
Cash monitoring is CRUCIAL for growing companies. They may need to balance the liquidity for day-to-day operations, investment opportunities and navigate any unforeseen challenges. We can work with you to determine what level of cashflow management is required to support your business.
OPERATIONAL FINANCE
System Implementation
Plug-in Finance has significant experience of business-wide system implementation, and more importantly, understands the pitfalls that too many organisations fall into! We can support your successful transformation.
To find out more about our services please contact us via the button below.
Pricing
Plug-in Finance provides strategic finance oversight that will drive business growth and optimise financial performance.
Typical CFO / FD packages are listed below, all of which assume that you have an existing operational finance and HMRC compliance support. However, a more tailored offering, including operational finance support, can be created to suit your specific requirements.
EMERGING
-
Pre-revenue or <£1m Turnover
-
0-10 Employees
The business is typically an emerging player, gaining traction and starting to establish itself. It is refining its business models, expanding its customer base, and showing consistent growth.
Finance Health Check & Improvement Plan
-
Determine scope of review
-
Complete 'audit' of systems, processes & financial statements
-
Report results and proposed action plan
-
Implement & monitor plan delivery
£3,000-4,000
Strategic Finance
-
Annual: 3 Year Business Plan
-
Annual: 1 Year Annual Budget
-
Monthly: Management Accounts (Budget v Actual), including commentary
From
£1,800
GROWING
-
£1m - £5m Turnover
-
Turnover 10-40 Employeess
Businesses in growth phase are similar to a company scaling up its operations. They have established market presence, increasing revenues, and are focusing on optimising processes and expanding their reach.
Finance Health Check & Improvement Plan
-
Determine scope of review
-
Complete 'audit' of systems, processes & financial statements
-
Report results and proposed action plan
-
Implement & monitor plan delivery
£4,000-5,000
Strategic Finance
-
Annual: 3 Year Business Plan
-
Annual: 1 Year Annual Budget
-
Monthly: Management Accounts (Budget v Actual), including commentary
-
Monthly: Actual Cashflow reporting
-
Monthly : KPI reporting, monitoring key profit, cashflow and operational drivers
From
£2,300
ESTABLISHED
-
£5m + Turnover
-
40+ employees
Businesses are well-established, with a strong market presence and steady turnover. They have robust operations, a loyal customer base, and are recognised as reliable players in their industry.
Finance Health Check & Improvement Plan
-
Determine scope of review
-
Complete 'audit' of systems, processes & financial statements
-
Report results and proposed action plan
-
Implement & monitor plan delivery
£5,000
Strategic Finance
-
Annual: 3 Year Business Plan
-
Annual: 1 Year Annual Budget
-
Quarterly: Re-forecast full year profitability
-
Monthly: Management Accounts (Budget v Actual), including commentary
-
Monthly: Actual Cashflow reporting
-
Monthly : KPI reporting, monitoring key profit, cashflow and operational drivers
-
Monthly: Manage Board / Investor reporting and meetings
From
£3,500
We also offer Bespoke packages that can be tailored to you specific requirements.
Contact us to discuss which plan suits your business, or indeed if a bespoke package is more suitable to ensure value-add for your business
“Before engaging Plug-in Finance, we often found ourselves reacting to financial challenges. Mairianne quickly changed that, helping us to take a proactive approach to financial management. Her strategic advice has not only been crucial in navigating our growth, but has also significantly reduced my stress and pressure by getting everything into a long-term plan. Thanks to her guidance, we now have the tools and confidence we need for future success."
Russell Dillon,
CEO, Quality Precision Engineering Ltd
%20white.png)
Tailored Engagement
1
Initial Call
We obtain an overview of the current financials, financial operations, challenges and goals of the client.
2
Finance Health Check
-
Conduct in-depth interviews with key team members / stakeholders
-
Review financial statements, reports and relevant documentation
-
Identify pain points, inefficiencies and areas of concerns
-
Assess the financial systems, processes and controls
-
Undertake a benchmarking exercise if appropriate
3
Report Results
-
Summarise findings from the financial analysis and benchmarking
-
Categorise issues into urgent, short-term and long-term priorities
-
Identify opportunities for cost savings, revenue enhancement and process improvements
-
Assess the impact of external factors such as market conditions, regulatory changes and economic trends.
4
Remediation Plan
-
Collaborate to develop pragmatic solutions
-
Evaluate feasibility, cost and impact of each solution
-
Prioritise solutions based on potential benefits and alignment with goals
-
Create a detailed remediation plan, outlining steps, timelines and responsibilities
5
Implement & Monitor
-
Progress delivery of remediation plan
-
Monitor and report on status of delivery, highlighting bottlenecks
-
What is the difference between a fractional CFO and the accountant that prepares my year-end accounts?
-
Why would a company hire a fractional CFO?All successful founders have developed great finance skills, and in conjunction with their bookkeeper or finance manager, and also their tax accountant, have kept everything ticking over smoothly, often for a number of years. However, ambitious firms who have growth as their No.1 goal, will start to face more complex financial, regulatory and strategic challenges, and the founder will may start to feel over-whelmed, juggling too many balls and taking their eye off the core business. At this point, firms typically need the support of a CFO or FD. However, the big problem usually faced by the business is that it is not yet able to afford the £120k+ or does not need full-time support. Fractional CFOs fills this gap and we work with CEOs / MDs to manage the strategic and financial challenges that they start to face, and provide the insight needed to help move the business forward. It could be for a one-off piece of work, or 2-4 days per month.
-
Are there any set-up costs?Yes, there’s an initial fee to cover the Financial Health Check and follow-up report. This is typically around £3-5k depending on the size of your company. Depending on proposed recommendations from this review, there may be additional transformational work required. This however would be discussed with you before proceeding.
-
What is your cancellation policy?If you’re on a monthly plan, you can cancel with 30 days’ notice.
