A North East accountancy firm has appointed its first management accountant as head of its new outsourcing department, in order to adapt to the ever changing needs of its clients.
Luke Hopkins, 27, will be responsible for Stockton-based Anderson Barrowcliff’s contracted out services, dealing with clients that require full time financial support.
A qualified management accountant with experience in the construction industry, Luke heads Anderson Barrowcliff’s new outsourcing department, which will provide a bespoke financial monitoring service tailored to fit the needs of individual clients.
Anderson Barrowcliff’s managing partner, Nick Upton, said: “We have invested significantly in ensuring that the firm’s business model is future proof, and taking on a dedicated management accountant has guaranteed that we stay ahead of the curve.
“Recently there has been a noticeable shift towards clients wanting book-keeping support with periodic financial reporting, rather than just traditional compliance services. We believe there is significant growth in this area, and to counter this, we have made the decision to form a separate department, which Luke will head.
“This decision has given a boost to the team, enhanced our service offering and given us fresh insight into the current challenges facing the financial services industry.”
The new department will rely on the ability to produce instant digitized reports to meet the needs of clients that are increasingly demanding up-to-date financials, in order to inform decisions and react to market shifts in a timely fashion.
Luke, who received his Chartered Institute of Management Accountants accreditation in 2014, said: “Having worked in house for companies that survive only through the ability to read the market and adapt as and when needed, I know first-hand the how much our clients’ needs and expectations are changing.
“I am incredibly grateful to Anderson Barrowcliff for giving me the opportunity to head up this innovative department, I know that with my skills, together with the wealth of experience already in the firm, we will be able to offer our clients a service that will support and nurture their ambitions.”
One client that has been utilizing Anderson Barrowcliff’s new services is Nusafe, a safety wear and PPE supplier based in Ferryhill, County Durham.
Nusafe managing director, John Carruth, said: “We were looking for a firm that could provide us with detailed management and forecasting, and this is exactly what Anderson Barrowcliff has brought to our company.
“Members of their team, including Luke, attend our board meetings and work closely with us on our day to day forecasting, giving us detailed analysis as and when we need it. This has given us the ability to analyse our business performance on a regular basis, which is vitally important in today’s digital age.
“Their input is very much appreciated by the whole team.”