CAN " OUTSIDE THE BOX " SOLUTIONS HELP GROW YOUR AGENCY
UTILIZING OUTSOURCED & FRACTIONAL SERVICES TO ELEVATE YOUR AGENCY by Carey Wallace , AgencyFocus TM + Aaron Stocks , AgencyPoint
If you own or operate an insurance agency , you likely have enough challenges as it is . Client experience & renewals , hiring & team management , carriers & the marketplace , and planning for growth all require significant time and expertise . For many , these competing priorities often leave little time for their financial operations and strategy , ultimately hindering scalability and profitability .
If this sounds familiar , it might be time to consider the game-changing approach of outsourcing your bookkeeping and engaging fractional CFO services . Not only can they reduce your workload , but they also provide your agency with the expertise and strategic perspective needed to thrive . Here ' s how outsourcing these critical functions can positively impact your business and potentially improve its overall value .
THE BENEFITS
Added Expertise at Your Fingertips
Outsourced bookkeeping and fractional CFO services connect you with experienced financial professionals who specialize in delivering accurate , insightful information . For insurance agencies , these experts understand industry-specific nuances such as policy cycles , premium accounting , industry compensation , commission reconciliation , and agency tech spends . They bring a level of knowledge and accuracy that often outperforms in-house generalists , ensuring your financial records are precise and compliant .
Combine outsourced bookkeeping with the strategic input of fractional CFOs and it is even more impactful – they can uncover opportunities for growth , help with cost management , and plan for financial restructuring to help improve your agency ’ s long-term value .
Clarity in Decisions Many agency owners cite financials as the area that they have the least amount of experience and expertise .
6 KANSAS INSURANCE AGENT & BROKER