Virtual Finance Department

Business Process outsourcing is the delegation of one or multiple business processes to an external party that manages the these selected processes based on a defined agreement. BPO can be done in various business areas like payroll, finance or IT.

We can support you with a purchase order controls process, ensure effective supplier management, regular payment runs, and supplier statement reconciliation to ensure all relevant cost are captured timely to prevent business disruption.

We will work with you create a framework of invoice distribution, debt chasing, dunning and escalation that is right for your business. In addition to the debt chasing we are able to manage the setup of new customers and credit checks to reduce the risk of non-payment.

Armstrong Watson can act like a VAT agent on behalf of UK VAT registered companies, ensuring a VAT return is completed in an MTD VAT compliant way. VAT returns are completed in a transparent way, so you have the opportunity to review the return.

Our software is capable to connect with the HMRC VAT return portal, in addition to this AW will work with you to ensure existing sales software is integrated in line with HMRC requirements for digital links.

Armstrong Watson is able to liaise with your existing payroll bureau in order to get the relevant information for your accounts. If you want to learn more about our payroll services, click here

If you are considering switching your outsourcing partner Armstrong Watson can help you with a smooth transition. We can create a bespoke plan to reduce impact to business continuity.

Depending on your requirements we can create a suite of reports, as well as data access for ad hoc requests.

Yes, you can read more here.

If you are not looking for a virtual finance department, but would like to unlock some of the cloud based benefits you can read some more about our solutions for owner managed businesses here.