Managing your company’s finances effectively is crucial at every stage of growth but that doesn’t always mean hiring a full-time financial controller. For many small to medium-sized businesses, a portfolio financial controller can offer the perfect blend of expertise, flexibility, and cost-effectiveness.
So, what exactly does this role involve and how do you know if it’s the right fit for your business?
What Is a Portfolio Financial Controller?
A portfolio financial controller is a qualified finance professional who works with several businesses on a part-time or contract basis. Rather than employing someone full-time, you get access to their skills and strategic input as and when you need them. This model is particularly useful for companies that need high-level financial support but don’t yet have the scale (or budget) for a permanent hire. Here are the benefits of hiring a portfolio financial controller.
Cost-Effective Support
One of the biggest advantages is the potential for cost savings. You’re only paying for the time and services you actually use, which keeps overheads low without compromising on quality.
Flexibility That Fits Your Business
Need more support during busy periods or while preparing for investment? A portfolio financial controller offers scalable input – increasing or decreasing their hours to suit your needs.
Expertise Across Sectors
Most portfolio controllers bring experience from a wide range of industries. That means you benefit from fresh ideas, best practices, and strategic insights that can elevate your financial processes.
Here are some things to consider…
Limited Availability
Since portfolio financial controllers typically serve multiple clients, their time is shared. While this isn’t usually an issue with good planning, it’s worth noting if you require on-demand availability.
Business Familiarity
A part-time controller may not have the same deep understanding of your business or culture as a permanent employee, which can affect long-term strategic input.
Onboarding Still Matters
Even the most experienced professional will need time to understand your systems, goals, and ways of working. A short onboarding period is still essential to make the most of the relationship.
Is It the Right Choice for Your Business?
A portfolio financial controller could be a smart solution if:
- You’re a growing business that needs high-level finance input but not full-time.
- You’re looking to improve financial processes without increasing payroll costs.
- You value flexible, scalable support from someone who’s worked across different industries.
At GMS Accountants, we work with many businesses who need that kind of support, whether short-term or ongoing. If you’d like to talk through how a portfolio controller could fit into your plans, we’re here to help. Get in touch for an informal chat and let’s see what’s possible.
