In this article, we’ve created a starter Freelance Financial Control Manager Workflow Map that you can use to start planning out your product/service delivery and we’ve outlined a few examples of experiments that you can run in your Freelance Financial Control Manager role.
Ready to get started? Download the Workflow Map template or get in touch to discuss how a workflow coach could help you fast-track your business improvement.
Contents
The path towards better systems and processes in your Freelance Financial Control Manager role starts with mapping out your most important business processes. Being able to see your business processes laid out visually helps you to collaborate with your team on how to improve and grow. By repeating this collaboration process, you’ll develop a culture of continuous improvement that leads to a growing business and streamlined systems and processes that increase customer & staff experience.
To help you start mapping out your processes, we’ve developed a sample flow for a Freelance Financial Control Manager Workflow Map that you can use with your team to start clarifying your processes and then run Business Experiments so you can build a better business.
1. Initial Consultation: Meet with clients to understand their financial control needs and objectives.
2. Assessment and Analysis: Conduct a thorough analysis of the client’s current financial control processes and systems.
3. Recommendations: Provide recommendations for improving financial control measures based on the analysis.
4. Implementation Planning: Develop a detailed plan for implementing the recommended changes, including timelines and resource allocation.
5. System Integration: Integrate new financial control systems or software into the client’s existing infrastructure.
6. Training and Education: Provide training and education to the client’s team on the new financial control processes and systems.
7. Monitoring and Evaluation: Continuously monitor and evaluate the effectiveness of the implemented financial control measures.
8. Reporting and Analysis: Generate regular reports on the financial control performance and analyze the data to identify areas for improvement.
9. Continuous Improvement: Collaborate with the client to identify and implement further enhancements to the financial control processes.
10. Ongoing Support: Provide ongoing support and guidance to the client in maintaining and optimizing their financial control measures
Experiment 1: Implementing cloud-based accounting software
Description: This experiment involves transitioning from traditional accounting software to a cloud-based accounting system. The freelance financial control manager can explore different software options and select one that best suits their business needs. They can then migrate their financial data to the new system and train themselves on its functionalities.
Expected Outcome: By implementing cloud-based accounting software, the financial control manager can streamline their business operations, improve data accessibility, and enhance collaboration with clients. This experiment is expected to result in increased efficiency, reduced manual errors, and improved client satisfaction.
Experiment 2: Offering additional financial consulting services
Description: In this experiment, the freelance financial control manager can expand their service offerings beyond traditional financial control tasks. They can conduct market research to identify potential areas of expertise, such as financial planning, budgeting, or risk management. They can then develop a strategy to market these additional services to existing and potential clients.
Expected Outcome: By diversifying their service portfolio, the financial control manager can attract new clients and increase revenue streams. This experiment is expected to result in business growth, increased client retention, and a competitive edge in the finance and accounting industry.
Experiment 3: Automating financial reporting processes
Description: This experiment involves automating repetitive and time-consuming financial reporting tasks. The freelance financial control manager can explore different automation tools and technologies, such as data extraction software or report generation software. They can then integrate these tools into their existing workflow and streamline their reporting processes.
Expected Outcome: By automating financial reporting processes, the financial control manager can save time, reduce errors, and improve the accuracy of their reports. This experiment is expected to result in increased productivity, improved data analysis capabilities, and enhanced client satisfaction.
Experiment 4: Collaborating with other freelance financial professionals
Description: This experiment involves forming partnerships or collaborations with other freelance financial professionals, such as tax consultants, auditors, or financial advisors. The financial control manager can network with professionals in their industry, attend industry events, or join professional associations to identify potential collaborators. They can then establish mutually beneficial relationships to offer comprehensive financial services to clients.
Expected Outcome: By collaborating with other freelance financial professionals, the financial control manager can expand their service offerings, provide clients with a broader range of expertise, and tap into new client networks. This experiment is expected to result in increased client referrals, business growth, and improved client satisfaction.
Experiment 5: Implementing a client feedback system
Description: This experiment involves implementing a structured client feedback system to gather insights and improve the freelance financial control manager’s services. The financial control manager can develop a feedback survey or conduct one-on-one feedback sessions with clients. They can then analyze the feedback received and make necessary improvements to their processes and service delivery.
Expected Outcome: By implementing a client feedback system, the financial control manager can gain valuable insights into their strengths and areas for improvement. This experiment is expected to result in enhanced client satisfaction, improved service quality, and increased client loyalty
The above map and experiments are just a basic outline that you can use to get started on your path towards business improvement. If you’d like custom experiments with the highest ROI, would like to work on multiple workflows in your business (for clients/customers, HR/staff and others) or need someone to help you implement business improvement strategies & software, get in touch to find out whether working with a workflow coach could help fast-track your progress.
