Asia Gelker

Head of Marketing at Tentho. A passionate storytelling mama of two, and creative marketing professional.

Hiring Tentho vs. in-house finance team.

As the administrator of a private school, you know that every dollar counts when it comes to maintaining a balanced budget. You need to be able to trust that your school’s financial needs are being managed by a team of professionals who have your best interests at heart. But you often wonder, is it a better choice to outsource your financial needs to a team of professionals, or hire that team in-house?

Here are the top 4 reasons why outsourcing to Tentho is a smart choice for your private school:

Recruiting and Staffing

Within weeks of coming on board, the books were brought completely up to date. Payroll related issues and inquiries were reduced by 75%, outstanding accounts receivables balances were reduced by more than 50%, and financial statements were prepared consistently and on-time. Even more surprising, the business now has a team of experts working with them daily who are responsive and professional when dealing with their internal staff and clients! Costs for managing their accounting operations were reduced by 20%.

Law Firm

The business model provides for counseling and intervention services all over the country through a network of independent specialists. Payments to contractors were inconsistently managed and did not provide for a reliable way to account for expenses incurred by the counselors. The business owner had a bookkeeper who worked part-time on the weekends but was never available when needed during the week. Questions were often left unanswered, and the financial statements were unreliable due to a lack of follow through.

Event Production

Once the changes were implemented, the client was able to analyze their financial information to make significant decisions about pricing for their services. Profitability increased, and the client was able to secure investors to continue to grow and expand their business.

Restaurant

The operations manager was able to save more than 30 hours of time per month, and the financial statements are now produced on-time to give the restaurant owner the ability to make better decisions. Through financial reports created by Tentho the restaurant owner was able to identify overspends in inventory and was able to make adjustments which saved over $20,000.