Often, an accounting team needs to become more familiar with new processes and procedures, compliance rules or new accounting software. One of the most popular services NOW CFO offers is Staff Augmentation. NOW CFO consultants can help accounting teams become more efficient by sharpening their knowledge with specialized training.
What is Staff Augmentation?
Staff Augmentation is defined as an outsourcing strategy that is used to staff a project and respond to the business objectives. The technique consists of evaluating the existing staff and then determining which additional skills are required. This service can be used for a wide range of reasons. It can be used to handle a one-time project or can be a long-term solution.
When accounting teams are more skilled at their jobs, the company as a whole becomes more profitable. Some of things NOW CFO can help train an accounting team in is accounting software, efficient close process, internal controls, reporting compliance, technical accounting, duties in a new role, post-acquisition integration and more.
When is Staff Augmentation Needed?
Staff Augmentation is used most in the promotion of supervisors into a higher-level role, in this case a supervisor into a Controller role. The knowledge, responsibilities, coordination, project management, and time management skills of successful Controllers are very difficult to understand and manage for those who are new to the position. By assisting new Controllers develop into their new role, they will be more prepared and set up for success. This will in return help the rest of the accounting team. In addition to this, Staff Augmentation is a much more cost-effective option to acquire a skilled Controller.
It is a goal of ours here at NOW CFO to create knowledgeable and skilled employees within our clients. It is important to us and should be to any company to continue to educate employees far after they are hired to create an even stronger team and organization.
In addition to this form of Staff Augmentation, NOW CFO consultants can train your current employees when hiring instead of hiring externally, as we know it is not always an option for companies financially to do so.
We also recognize that you may not have the time to find the right hire for the position or feel we may be able to take that on better than you. We are happy to find the right candidate to add onto a project, especially if there is a deadline in place.
Our Training Experience
NOW CFO offers a better, more effective way to add staff to your already existing accounting and finance team. Beyond that, we can provide the extensive training from a team of CFOs, Controllers and Accountants to complete the necessary projects. Staff Augmentation can be used for a wide variety of purposes, and we will be sure to find the right resource to fit your needs.
It is also important to note that Staff Augmentation can be used to handle a one-time project or can be a long-term solution as well, which would eventually turn into a placement.
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