Our approach provides the flexibility and scalability to adapt your finance function as your business needs change, providing you with the level of service you require through the lifetime of our partnership.
Why outsource elements of your finance function?
|To help manage the cost of setting up a finance function in the first place.|
|To access detailed management reporting and analysis.|
|To utilise the best fit accounting technology.|
|To de-risk your compliance with regulatory requirements in the UK and globally.|
|To ensure certainty of cost, both at set up and through the business lifecycle.|
|To free up senior staff time for core business activities.|
|To access differing levels of finance expertise.|
|What could you outsource?||Other specialist services|
|Book-keeping and management accounts||Client Money (CASS) Audits|
|VAT compliance and advisory||Section 166 skilled person reviews|
|FCA reporting||Assurance & tax compliance services|
|Fund accounting and investor reporting||Tax planning|
|Year end statutory accounts preparation||Corporate finance|
|Payroll||Forecasting and modelling|
|Company secretarial||ERP system selection & implementation|
We focus on providing bespoke innovative solutions to a broad range of financial services clients
Private Equity and FinTech
This US led private equity manager and fin-tech incubator came to us for help meeting their UK reporting requirements. Initially a VAT compliance engagement, we now provide a full suite of services including payroll, HR, audit, statutory reporting and FCA compliance in the UK, with full accounting, compliance and assurance support services provided by RSM US. Our team act as the first point of contact for the client, often introducing them to other relevant experts at RSM.
Private Debt Fund
Our client is a senior debt and growth capital provider operating in the UK and Europe. Having used in-house finance teams, a competing firm and a specialist fund administrator, our client moved to RSM for a more collaborative and value driven service. RSM now provide a range of services including management accounting, fund accounting, investor reporting and VAT and FCA compliance, as well as working closely with our statutory accounting, tax and audit teams. We also work alongside our colleagues in RSM Luxembourg to provide a comprehensive and seamless service.
Specialist Capital Provider
A client since Jan 2016, this specialist business provides risk capital to professional services firms. RSM were chosen for our experience in servicing both the professional services and financial services sectors. Working in conjunction with the finance lead at the client we provide bookkeeping and monthly management reporting, VAT return preparation and submissions, statutory accounts and corporate tax compliance, plus additional advisory services.
The board of a newly created funding vehicle required an outsourced finance function to mitigate risk and add transparency to their organisation. RSM were asked to tender following a recommendation from an existing financial services client. Following a successful tender process we deliver a fully outsourced finance solution providing bookkeeping and monthly management accounts, quarterly board packs, vendor payment management, payroll and HR services. We also provide assistance to a third party 'big four' auditor and work along with our statutory accounting and tax teams to meet statutory reporting deadlines.
Our client, a Lloyds registered insurance broker and coverholder, engaged RSM as its outsourced finance provider for a number of years. This service was taken back in-house following the appointment of a new finance director. However the board quickly realised that the time of the in-house team would be better spent on core and strategic activities. We now work alongside the senior finance team providing accounting, VAT and payroll support including the provision of management information, variance analysis and KPI’s for discussion at board meetings.
An institutional banks backed new entrant to this market, our client has been founded to create a network of decentralised Financial Market Infrastructures (dFMIs) to deliver the means of payment-on-chain in tomorrow’s wholesale banking markets. RSM outsourcing set up the back-office systems in the cloud, integrated with AP processing and team expenses apps and are delivering management reporting through our on-line portal. The operations are firmly cloud-based but our relationship with the group has been built on our accessibility and a willingness to sit down together to address challenges together as they arise. Our solution for the Group already includes the fully outsourced finance back office, year-end compliance, payroll, employer compliance and commercial legal assistance and with the Group’s planned expansion outside of the UK, the RSM International network of firms is ideally placed to support this growth.