"If you don’t invest significant time or money in your organization, you might not reap the benefits. Always make sure quality is the most important thing."

What makes Outsource CFO’s combination of financial advice, cloud accounting, automation and talent support different for scaling companies?

I’ll start with the vision the founders had over a decade ago. There were a lot of tech startups, and eventually these startups scaled onwards and upwards into enterprises. Within all of those accelerators and conversations, there wasn’t exactly a financial individual in the room. It was the founders, the believers and the visionaries – the entrepreneurs within that environment and network who wanted to build companies.

What the founders believed is that these companies don’t necessarily require a full-time CFO, but having someone in your corner in a fractional, outsourced position is fundamentally pivotal to an organization. You get the insights of people who have perhaps 30 to 40 years of industry-specific experience from a financial perspective, across the financial function as a whole, and they can implement that experience within those startups and scale-ups, working directly with the entrepreneurs.

That is how the founders built the organization: to help entrepreneurs succeed. That is the motto at Outsource CFO – building teams around founders and entrepreneurs to help them grow and scale, to reach their dreams, their companies’ goals and their BHAGs, or big hairy audacious goals. We want to get there for ourselves, but we also want to get there for our clients.

From there, it’s really about building out the finance function, starting from the bottom, where you have to get your financial information accurate. We call it the financial pyramid. We work with compliance and legislation, and we work to eventually get to cash and profit maximization. We then help entrepreneurs drive strategic direction, because finance is very closely aligned with the operational objectives of the company. If one doesn’t work, the other usually doesn’t work either. You can’t sell a product or a service if the finances, the metrics or the unit economics don’t make sense, and vice versa. If the product is not a good product or the price isn’t right, you always need to get those things in balance.

We try to guide these entrepreneurs on a journey towards success and build with them. As we naturally phase out, perhaps because your team is growing and you have more members, we work with you in a more functional way, where you may now need to employ a permanent person. That’s where talent solutions comes in. Cloud accounting forms the base, the CFO provides strategic direction, and automation is built in throughout through systems. And if you need further talent solutions, we also have a full in-house talent recruitment team that can place the right talent within your organization as the company grows.

What will your new EO Johannesburg partnership allow you to offer entrepreneurs?

Some of our founders are part of the Entrepreneurs’ Organization. The drive, the network and the connections we’ve built through the EO network have been of significant value, not just in building our reach, but in building reach for other companies within the industry.

Networking works well internationally, and it works well online. But when you form part of certain locations and districts, it really helps to narrow down the scope and get more into the niches of business. What are the businesses within the Johannesburg area, and how can we help support them? They might not be aware that they can actually have fractional support for the finance function. I think there are a lot of companies that are not aware of that. This is about bringing the network of entrepreneurs together, making them more aware of what services can be offered, and showing how we can benefit from each other by working together.

Which client results best demonstrate the value of combining financial advice with automation?

In the modern era, there’s a lot of talk about automation, right? Even artificial intelligence starts from automation. The first value for clients is that they save time. The biggest value a client gets, especially a CEO or a founder, is time, because their calendar is full. They don’t have the extra availability to do a little bit more here and a little bit more there. Creating automations within the finance function streamlines it, makes it more efficient and frees up time, so the people working in the company can work on the things that matter.

I think that’s the biggest thing at the moment. People need to understand what they most need to focus on. There’s a lot of noise, and you have to pinpoint exactly what the best thing to focus on is at any given time. We try to help founders and entrepreneurs take their minds off certain areas so they can focus on the things that require their attention.

How is global demand for South African finance talent shaping your talent solutions business?

Almost fundamentally. Let me start with the fact that financial services and financial talent within the South African economy are very well placed. Our financial professionals come with really good experience and really good backgrounds. They’re well trained, and they almost always have the necessary experience to work in any organization in any part of the world.

We believe South Africa has some of the best, if not the best, talent in the world from a CA or financial services perspective. So we’re in a really good place to support other businesses – not just in other countries, but on other continents and in other industries – to help them grow. That’s really the fundamental reason our people are so well suited to supporting different companies.

Which area of Outsource CFO has the greatest potential for growth?

Within what you mentioned, our typical services are CFO services, cloud accounting, automation and talent solutions. I believe there’s a lot of potential within the tech space, which you can call automation, and in next-level financial management, or financial function support. It’s evolving really quickly. Things that might have worked a few years ago will most likely look totally different a few months from now. 2027 is just around the corner.

I believe there are a lot of opportunities within our capabilities to build these finance functions for companies so that they can grow even better. So it’s about the building. It’s about the automation, but it’s also about focused individuals who have worked really hard over a long period to get where they are, so that they can support those businesses. From an automation perspective, there’s significant growth potential for Outsource CFO.

But we still believe that people are a core element of that growth. You don’t want to remove all the humans from the growth opportunity and just focus on the tech. There’s definitely a synergy between the two, so that’s something to look out for in the next year or two, in terms of where exactly the biggest and best opportunities are.

Which financial truths do scaling founders often resist until it becomes costly?

I guess the biggest one is a financial truth that people don’t realize. There’s a saying in Afrikaans that means buying cheap is actually buying expensive. If you don’t invest significant time or money in your organization, you might not reap the benefits. So always realize, from a financial perspective, that if you take shortcuts – not just in the finance function, your systems, your tech setup or your people, but in all parts of life – you might regret it down the line. Always make sure quality is the most important thing.

These days, quality comes at a better price than it has previously. You can find better quality for much less if you’ve got really skilled people who have the know-how to actually do that. So the biggest lesson is to make sure you don’t underspend on specific elements. You need to make sure the quality of your people, your tech and your platforms is well placed within the industry you’re working in.

What’s a mistake you made early on that you’re now grateful for?

With a few clients, it’s not taking action soon enough. You think you always need to be on the go, but sometimes you just have to sit back a little and analyze a bit more. I’m always appreciative of analyzing the situation I’m in, whether personal or professional, and taking into account all the things that actually matter to you.

That can happen to anyone, and it’s happened to me before: I might have acted on a certain input, and looking back now, it’s good that I took a little time to analyze the situation before jumping into things. Yet, on the other hand, it could easily have gone the other way, where we didn’t take action on something, and that might have led to a different situation or a different path. But taking the time to analyze the situation is something I did in the past that I’m grateful for.

Latest From The Executive Insight

  • Education

    A former nurse manager applies for an operations role. Her résumé says “excellent communication skills” and “strong leadership”. So do most of the other applications on the recruiter’s screen. The skills are real, and as written they are invisible. Good transferable skills examples always come […]

    9 min read
  • Wealth

    The spreadsheet says 52 is possible. You have run it three times, changed the return assumption twice, and it still works. Then come the questions the spreadsheet cannot answer: how to get money out of a 401k seven years early, who pays for health insurance […]

    8 min read
  • Mindset

    Forty minutes into the meeting, the team is still arguing about which of two suppliers to choose. Both options have been costed twice. Every new argument digs further into the same two answers. Lateral thinking is the habit of stopping at that moment and asking […]

    9 min read
  • Wellness

    Thursday, 3 p.m. You read the same email for the third time and still could not say what it asks for. You slept six hours last night, and the night before, and you feel fine, mostly. So is 6 hours of sleep enough? For most […]

    9 min read
  • Business

    The Monday meeting goes quiet when one person speaks, and everyone else looks at the table. Nothing in the comment is quite bad enough to discipline. It is the fourth one this month, and the team is waiting to see whether you noticed. Knowing how […]

    9 min read
  • Lifestyle

    You land at 7 a.m., the meeting is at 9, and the shirt you packed comes out of the case with a crease across the chest that no amount of smoothing will remove. Learning how to fold a business shirt for travel takes ten minutes […]

    8 min read
  • Education

    It is late, the house is quiet, and three tabs are open. One is a $49-a-month certificate from a company everyone has heard of. One is a bootcamp that promises a new job in sixteen weeks. One is a university program whose price makes you […]

    8 min read
  • Wealth

    The offer email arrives. The number is fine, maybe slightly less than you hoped, and the recruiter is waiting for an answer. Most people say yes. Knowing how to negotiate salary at this exact point is worth more than at any other moment in the […]

    8 min read
  • Mindset

    The busiest office workers are interrupted every two minutes during core hours. That figure comes from Microsoft’s own data on how people use its software, and anyone who runs a team will recognise it. Most productivity hacks are written for a calendar you control. The […]

    8 min read
  • Wellness

    The alarm goes off at six. You hit snooze twice, get up at half past, and spend the first hour of the day feeling like someone else is driving. Most advice on how to become a morning person starts with the alarm: set it earlier […]

    9 min read