Considering a finance hire?

You're looking for one finance professional. You may need a finance team.

Behind one vacancy there is often work of several kinds: day-to-day finance, month-end close, controlling, reporting, and cash and forecast. Sometimes that fits one employee. Sometimes it calls for several areas of expertise side by side.

The role

It often starts with one job description.

Accounting
Oversee the financial administration
Financial control
Run the month-end close
Review the numbers and explain variances
Monitor cash flow and working capital
Reporting & planning
Prepare management reports
Build budgets and forecasts
Business control
Advise management based on the numbers

That's not just one role.
That's a finance function.

What starts as one vacancy often combines accounting, financial control, reporting and business control. That does not mean one employee is unsuitable: it depends on the volume per area and on the level you need in each. It is the question worth answering before you start recruiting.

The decision

One finance hire or Finable?

One internal employee
Finable
Expertise
One internal employeeOne profile inside your organisation
FinableSeveral finance disciplines in one team
Direction
One internal employeeYou manage that employee yourself
FinableOne fixed point of contact in the Netherlands
Continuity
One internal employeeYou arrange cover when someone is away
FinableThe team can absorb the work
Cost
One internal employeeSalary, employer costs and recruitment
FinableA monthly fee for the agreed scope
Start
One internal employeeRecruiting and onboarding
FinableOnboarding the team onto your business

An internal employee can work alongside your bookkeeper or accountant. With Finable we agree capacity, onboarding and cover up front. Which setup fits best depends on your organisation.

The alternative

Your finance handled. By one team.

From day-to-day administration to close, controlling and reporting. Together we agree what Finable takes over and what stays in-house.

The split

What stays with you, what Finable takes over?

Finable takes responsibility for the agreed parts of your finance function. Together we decide what our team runs, what stays in-house and how the two fit together.

Finable carries out

The work you agree on together, with the responsibility that comes with it set out in advance
The preparation of the figures, reports and forecast you base your decisions on
Flagging what stands out in the numbers and what it means for the month ahead

You keep

Strategic choices, budget decisions and the approvals you have agreed on
The work you deliberately keep in-house, with your own people
The relationship with your bookkeeper, accountant or CFO, who can stay involved

You have one fixed point of contact in the Netherlands. The delivery team works from India. Before the start we set out who does what, who gets which access, which checks are part of the work and how we work together. If the situation changes, the split changes with it.

When each option fits

Finable may be a better fit when…

You need expertise in several areas, but a full role in none of them
Complexity is growing: more entities, more volume, more stakeholders asking for figures
Continuity matters more to you than proximity
You don't want to build a complete internal finance team yet

An internal hire may be a better fit when…

There is enough work for one clearly defined, full role
Finance is interwoven with sales, operations or production day by day
A lot of the work is on site, or close to the people on the floor
You want to build finance in-house and recruit, manage and develop it yourself

A combination also happens: someone internal for the work that has to sit close by, and Finable for the parts that call for expertise or continuity. The question is not whether outsourcing or hiring is better, but which setup fits the finance work your organisation actually needs.

Frequently asked questions
Can Finable replace a finance hire?

Sometimes, sometimes not. It depends on the work behind the vacancy, not on the job title: the same title covers mostly bookkeeping at one company and mostly controlling and reporting at another. If that work calls for several kinds of expertise, a team is often a more logical answer than one broad role. If there is structurally enough work for one full internal role, hiring someone fits better. So we start with the work and the volume, and only then with the form.

What if we want to hire someone later?

That's possible. Your finance setup doesn't have to stay the same forever. As your organisation grows, responsibilities can move in-house or the Finable scope can change. The aim is to organise finance around what the business needs at each stage.

Who actually does the work?

The work is handled by finance professionals within the Finable team. Different responsibilities can be handled by different people depending on the expertise required, while you maintain one clear point of contact.

How much capacity do we get?

Finable isn't sold as a fixed number of employee hours. We agree on the finance scope and organise the team around the work required to deliver it. The exact setup depends on the workload and complexity of your organisation.

Does Finable work in our existing systems?

Where possible, yes. We first look at the systems and processes you already use. What works can stay. If changes would materially improve the finance operation, we'll discuss them as part of the setup.

What happens if someone is ill or on holiday?

Because the work is organised across a team, you're less dependent on the availability of one individual. That only works where processes are documented and knowledge is transferable, which is part of the setup rather than something that happens by itself.

When is hiring someone internally the better option?

An internal hire can be the better choice when you have enough work for a clearly defined full-time role, need someone deeply embedded in the organisation every day or want to build and manage the finance function internally.

Tim Samsom, founder of Finable
Personal introduction

Discuss your finance vacancy

Book 30 minutes with Tim to talk through what you're looking for in a finance hire and whether a Finable team could be a logical alternative.

Discuss your finance vacancy → Get an estimate →
Tim Samsom
Founder, Finable