How it works
On commencement of our engagement we would undertake a discovery session to understand how the current finance function is operating. We typically would continue with this operation for at least a month to understand the current process. After the initial period we will begin streamlining any processes and providing software recommendations where a cost benefit can be achieved. After this period, we will continuously improve the finance function and provide enhanced management reports and recommendations on financial reporting.
White Labelled Outsourced CFO Solutions
Our outsourced CFO solutions are white labelled where we will be acting on behalf of your business under your business brand giving your finance function a professional persona and be seen as a part of your business when dealing with your customers, suppliers and anyone else interacting with your finance division.
Flexible Delivery Options: Remote or Onsite
The outsourced CFO services can be provided remotely or we can work at your premises (within15 kms of the Sydney CBD). Our onsite solutions will provide ready access to our experience finance team member to assist you with your business on chosen specified days. These days could be aligned with management meetings or any other circumstances where you require ready access to our financial expertise.
A Dedicated Finance Team for Your Business
By engaging Bramelle Partners as your outsourced CFO provider, we will dedicate multiple staff members within our firm to your business, this ensures we are always able to assist your business in the most efficient and experienced manner possible. This also provides you access to our staff who have different skills and experience. We would match your specific problems or tasks with the staff members best suited to your needs.
Support During Internal Hiring or Transition
In the event your business decides to hire a finance person internally or you simply no longer require our services, we are more than happy to assist with the transition. The transition process would involve a detailed handover outlining how the current finance function operates and provide them with a monthly task calendar. Each task will have instructions showing the set procedures required to perform each task.
This ensures the finance function continues to operate smoothly into the future with a solid foundation and with controls set in place. Usually we will keep performing some of the functions until additional staff are hired or the existing staff member is brought up to speed to handle the entire finance function independently. We can even assist with the recruitment process to ensure the incoming staff member has the necessary skills and experience to handle your requirements.
Example: A Typical Growing Business
If we take, as an example, a typical growing business with approximately $1m of revenue with no dedicated in house finance staff, and are currently looking after its finance function with the help of a contractor bookkeeper to keep the books up to date, an accountant to help with their ongoing business and tax compliance and the business owners or other staff assisting with invoicing, paying the bills and juggling the money around.
They may be thinking about hiring a staff member to help with some of the finance function. Realistically they would need someone who is qualified and with at least a couple of years’ experience so they can develop the finance function on their own, partner with the owners to develop a finance strategy to move the business forward, take some pressure off the owners and ultimately not to create more work for them.
Cost Comparison: In-House vs Outsourced CFO
The salary for this position would range from $65,000 to $90,000 depending on the skill and experience level required. Even with the recruitment, typically the business would still require the services of an accountant to help with the year end taxes and for other advice.
Our outsourced CFO solutions for this sized business would typically range from $2,000 – $5,000 a month or $24,000 to $60,000 p.a. This provides a cost effective solution as there are no additional needs or costs for a book keeper, no additional costs for lodging annual tax returns and BAS returns and the business is receiving all the years of experience from the team at Bramelle Partners to help solve the problems the businesses may face by providing business and industry knowledge.
Most Popular Outsourced Finance Functions
Our most popular outsourced finance functions are payroll management, accounts receivable management, accounts payable management, management reporting and attending monthly management meetings.
Payroll Management
Full payroll setup, employee onboarding, pay runs and payslips, leave management, superannuation payments, PAYG withholding, BAS lodgement, payroll tax, single touch payroll, bonus calculations, and more.
Accounts Receivable Management
Timely invoicing, polite follow-up of overdue accounts, payment plan negotiation, working capital review, and debtor financing arrangements.
Accounts Payable Management
Supplier invoice payment, working capital management, ATO debt negotiations, supplier negotiations, and maintaining adequate records.
Management Reporting and Monthly Meetings
Custom management report packs including divisional P&L and balance sheet, based on financial and non-financial KPIs agreed with you. We can attend monthly management meetings to provide an independent view of how your business is tracking.
Flexible and Scalable Outsourced CFO Services
We see our outsourced CFO services as a great addition to any business. We take pride in partnering with businesses and being part of their success.
Our outsourced CFO services are customised to your business requirements and can be scaled up or down depending on your requirements. Our outsourced CFO services can be cancelled with one month’s notice and there is no lock in contract, providing businesses with the greatest flexibility and options to try out our services.
Frequently Asked Questions
What is an outsourced CFO and who is it suited for? An outsourced CFO is an experienced finance executive who works with your business on a part-time, contract, or project basis giving you senior-level financial leadership without the cost of a full-time hire. It’s particularly well suited to growth-stage SMEs that have outgrown their bookkeeper but aren’t ready for a full-time CFO, businesses preparing for a capital raise, acquisition, or exit, organisations navigating a period of rapid change or financial complexity, and founders who want a trusted financial partner to provide strategic clarity.
What does an outsourced CFO actually do day-to-day? Depending on your needs, our CFO services typically include financial reporting and analysis, cash flow forecasting, budgeting and scenario planning, board and investor reporting, oversight of your finance team or bookkeeper, lender and banker relationship management, and strategic input on major business decisions. We tailor the engagement to where you need the most support.
How is an outsourced finance department different from a bookkeeper or accountant? A bookkeeper records transactions and a tax accountant prepares your compliance obligations, both are reactive and backward-looking. An outsourced finance department goes further: it provides forward-looking financial management, strategic analysis, and hands-on support across your entire finance function. Think of it as having a dedicated finance team without the overhead of hiring one internally.
How much does an outsourced CFO cost? Engagements are structured around your specific needs and are typically a fraction of the cost of a full-time CFO hire. We offer flexible arrangements including monthly retainers and project-based engagements, so you only pay for what you actually need. Contact us for a no-obligation discussion and a tailored proposal.
How quickly can we get started? Typically we can begin an engagement within one to two weeks of an initial discovery meeting. We’ll spend the first phase getting across your business, your financials, and your goals then quickly move to delivering value. For urgent situations such as cash flow crises, imminent transactions, or board deadlines, we can often move faster.
Will I be working with a senior finance professional or a junior analyst? You’ll work directly with a senior finance professional who has deep commercial experience, not an account manager or junior delegate. We believe in hands-on, senior-led engagements where the person you meet is the person doing the work.
Do you work with businesses outside of Australia? Our primary focus is Australian businesses, but we do work with international companies that have Australian operations or are looking to expand into the Australian market. We’re comfortable working remotely and across time zones where needed.
What industries do you specialise in? We work across a broad range of industries including professional services, technology, retail, healthcare, hospitality, construction, and manufacturing. Our approach is industry-agnostic, the fundamentals of sound financial management apply across sectors though we bring specific experience in each where it adds value.
Is there a minimum commitment period? Ongoing retainer arrangements typically have a short initial term to allow the engagement to gain traction, but we keep terms flexible, we earn your ongoing business by delivering results, not by locking you into long contracts. Project-based engagements are scoped and priced on a fixed-fee or time-and-materials basis depending on the nature of the work.
