Small business owners and managers struggle with financial management and maintaining the sound financial health of their organizations. Accounting and Finance staff may lack the experience necessary to produce performance reports and analyses that will identify threats to the business as well as opportunities for growth.
The business’ shareholders may even be debating on whether to hire a full time Chief Finance Officer (CFO) who can drive performance to the next level but are restricted due to the fact that many SMEs cannot afford or may not need to have a full time CFO.