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The Institute of Financial Accountants (IFA) has announced a new partnership with Initor Global UK to offer outsourced support to accountants.
Initor provides finance and accounting outsourcing services including accounting, bookkeeping, personal and business tax and payroll which will be available to all IFA members nationwide.
The partnership further underlines the IFA’s pledge to continuously meet the needs of SMEs
within the UK.
Member benefits include a free, no obligation trial of tailored services. Services can be
purchased by the hour, or using full-time or half-time equivalent professionals.
John Edwards, CEO and group executive international of the IFA, said: “The rapid onset of digitisation is providing significant opportunities in the accounting sector. In the fullness of time it will free accountants from day-to-day tasks and redirect existing resources into business adviser activities.
“This means that accountants will be able to further support clients with value-add services such as budgeting and costing, forecasting, strategic planning, investment appraisal, and cash flow management. Providing such a significant scope for differentiation benefits organisations including SMEs by helping to drive their business growth.”
Robert Grant, head of customer experience UK and Ireland, of Initor Global UK
added: “Our goal is to enable accountants to take the leap from transactional work to
the strategic side of business growth. We are delighted that, thanks to our new relationship
with the IFA, we can ensure our services are made accessible to even more professionals
across the sector.
“IFA members can gain tangible advantages by tapping into our flexible
operational model, providing them with access to a qualified team of accountants and other
experts with deep industry knowledge and 100% data security. This will enable them to
diversify their service offering and the value they add to their SME clients.”
In April, the IFA also announced a partnership with White Oak, one of the largest FCA
regulated non-bank lenders in the UK, to provide capital support for SMEs.
