You know your accounting team needs help, but the type of solution depends on several factors, like the scope, urgency, and complexity of the work.
For some companies, hiring a full-time employee is the right move. For others, that may not be fast enough (or even feasible). Here are a few common challenges many businesses face when trying to staff their accounting/finance teams:
- The recruiting process takes time, and the business requires help now.
- Budget constraints make it difficult to get new headcount approved.
- A business is unsure whether their need is temporary or ongoing/long term.
- A task or project demands a high level of expertise or a specific set of skills.
Alternatives to Full-Time Hires
If your team doesn’t have the bandwidth to meet demands but a full-time hire isn’t practical, you still have flexible alternatives. TGRP Solutions partners with many companies to solve immediate their staffing and strategic resource challenges through our contractors and consultants.
Here’s a quick comparison of these two options:
Contractors: On-Demand Accounting Support
When you want skilled accounting professionals to jump in for a set period of time (like a few weeks to several months), contractors are a smart solution.
TGRP’s accounting contractors can help with day-to-day duties or other projects. Businesses often bring in contract resources to:
- Backfill for accounting staff on parental or medical leave
- Expand capacity during busy periods or spikes
- Assist with audit preparation and documentation
- Tackle cleanup projects, like catching up on account reconciliations and running down missing documentation
- Help with month-end close during audit time (freeing up internal staff to work with the auditors)
Our experienced contractors are seasoned accounting professionals who may be in between full-time roles—or simply enjoy the flexibility of working short-term contract assignments.
Bonus: our accounting and finance contractors can be on site within days, not weeks or months. You’ll avoid a lengthy onboarding process and get the tactical staff augmentation you need when you need it.
Consultants: Senior-Level Accounting Expertise for Special Projects and Ongoing Support
For more complex or strategic needs, consultants may be a better fit. TGRP Solutions’ bench of accounting and finance consultants are high-impact professionals with deep experience working for public and private companies. Many have Big 4 public accounting backgrounds and have held executive-level and management roles such as CFO, CAO, controller, VP of finance, and technical accounting director.
Denver-area companies rely on TGRP’s consultants for support with:
- Initial public offering (IPO) readiness
- Securities and Exchange Commission (SEC) reporting
- Mergers & acquisitions (M&A) support, including buy-side and sell-side due diligence
- GAAP compliance
- FASB/ASC technical accounting compliance
- Internal controls evaluation
- External audit preparation (supporting or leading)
- ERP implementations
- Digital transformation
Our accounting consultants can bring subject-matter knowledge to your most critical initiatives. They can collaborate with your team or operate independently once given scope and direction—depending on the situation and your goals.
Contact TGRP Solutions Today
Whether you’re facing a time crunch or want extra hands and expertise to keep important projects moving, you can rely on TGRP Solutions.
Contact us today to let us know how we can help you achieve your goals, or call us at 303.789.1500.
