External financial management
Nextica Law & Tax acts as the company's external financial management (outsourced CFO): management control, dashboard, budgeting and treasury, and ongoing support to management on decisions with a financial impact.
Many companies need a CFO, but not a CFO's salary.
RUNNING SOMEONE ELSE'S FINANCES MEANS ANSWERING FOR THEM
An external finance function inherits the client's risks and adds its own: those of deciding without being the owner. The four that must be contracted in writing:
Whoever directs in fact answers as if they signed
directors' liability reaches whoever actually takes the decisions — including an external CFO with real command.
art. 236.3 of the Companies ActDeferrals that breach themselves
deferring with the tax authority is a regulated right, but missing a single instalment of the agreement reactivates enforcement over the entire outstanding debt.
art. 65 of the General Tax LawBank powers without segregation
the same person ordering the payment should not be the only one reviewing it; without that double control, internal fraud is a matter of time, not luck.
Covenants breached in silence
warning the bank before breaking an agreed ratio is a negotiation; letting the bank discover it in the reporting is an early termination.
What's included
Management control and dashboard
Annual budget and treasury
Reporting and support to management
Banking and financing relationships
Frequently asked questions
How is it different from accounting services?
Accounting records and complies; external financial management interprets the numbers and supports management's decisions on an ongoing basis, as an in-house CFO would.
Content reviewed by
Elena Bosch Prat
Directora · Consultoría Contable y Financiera
Let's talk about your case.
Tell us your situation and we'll reply within 24 working hours.