Do I need a finance manager?

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Do I need a finance manager? by Mind Map: Do I need a finance manager?

1. Maybe No

1.1. $

1.2. I'll have to fess up when things aren't going well

1.3. How do I manage someone whose skills I don't understand

2. Maybe Yes

2.1. Flick something I don't know much about

2.2. Avoid something I don't enjoy

2.3. Find opportunities within the numbers

2.3.1. Cost savings

2.3.2. higher margin products / depts

2.4. Assist with budgeting and forecasting

2.4.1. Less blue sky more cold harsh reality

2.5. I can improve my financial literacy

2.6. Could save me $

2.6.1. Avoid late fees

2.6.2. pay less to external accountant

2.7. Creates deadlines for me and for others

2.7.1. More timely information

2.7.2. Discipline can spread to other depts