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An outsourced controller can help manage your company’s accounting and finances on an hourly or subscription basis. Outsourcing these services may make sense for early-stage startups that aren’t ready to hire a full-time controller.
Controllers are senior-level finance professionals who can help create a startup’s accounting policies and run the month-to-month financial operations. They can be especially important for companies that are quickly growing, don’t have account policies in place, or are worried about an audit. However, most startups don’t bring on a controller right away, and can outsource these services until they’re ready for a full-time hire.
A controller sometimes doubles as a chief financial officer (CFO) at smaller companies. In larger organizations, the controller may focus on managing finance teams and report to the CFO, who focuses on finance-related strategy.
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