Apprenticeships – Building a sustainable financial future

In our blog last month we looked at the labour shortage which is affecting financial staff as much as some of the sectors getting more focus in the press. One of the key motivations for training your own finance team using the Government apprenticeship scheme is that it secures your business’s future.

In this post, we look at the accountancy apprenticeship programme offered by First Intuition.

Accountancy Apprenticeships

Apprenticeships – Building a sustainable financial future

In our blog last month we looked at the labour shortage which is affecting financial staff as much as some of the sectors getting more focus in the press. One of the key motivations for training your own finance team using the Government apprenticeship scheme is that it secures your business’s future.

In this post, we look at the accountancy apprenticeship programme offered by First Intuition.

Remote working is here to stay. The many reasons for this have been cited elsewhere, as have some of the challenges facing companies who have found themselves needing to rely on staff to work with less day to day supervision than when everyone was office based. Your finance team has the critical job of managing transactions, reporting and sustaining cash flow, while overseeing cost control. Understanding the processes and the wider picture behind the need to secure core finance functions means that a higher skill level is required in your team to facilitate this. While an external accountant will be able to support much of this, they are not present in the business daily. With increased automation of invoicing and payment processes having eyes on the cash flow which can understand when to raise concerns about a potential shortfall, or issues that may affect external auditing can save time, money and avert possible risks to the business. This is particularly important in supervision and leadership roles. Having the checking and approval process for manual and automated processes in the hands of team members who can interact with your external accountants and auditors in their language and at a high level can lead to cost savings and more stable, predictable cash flow.

The accounting and financial qualifications that First Intuition provide as part of the apprenticeship scheme facilitate this upskilling of your existing staff, at all stages of their careers, especially in the areas of risk management and internal auditing. Taking team members whose skill set may need updating and supporting them through programmes from the level two accounts assistant on to leadership and higher levels will benefit the employee by offering career advancement as well as retaining and upskilling a  team member

First Intuition work with businesses to help their teams learn the skills needed in the modern commercial world. Developing people who go on to valuable careers that benefit both them and their employers. Our goal is goal to develop financially fluent professionals who can make an impact for talent hungry employers. Get in touch with the First Intuition team in Bristol or call us on 0117 3540190 to discuss how we can help with your apprenticeship plans.

To continue reading on the benefits of training your teams through First Intuition, visit our Employer Resources Hub.

Alternatively, for more information and advice, contact the team today.

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