Building an internal finance department is more expensive and riskier than most organizations expect.

Collective Finance provides a remote finance department for Canadian organizations, delivering the same operational coverage as an in-house team while reducing total cost, risk, and complexity.

To function properly, an internal finance department typically requires multiple roles, not just one hire.

Most organizations need:

• A Bookkeeper

• A Payroll or People Operations Specialist

• A Controller

• CFO-level oversight, even if fractional

Once salaries, benefits, and employer costs are included, internal finance teams often cost 40–60% more than anticipated.

And that does not account for turnover, downtime, or mistakes.

Why Hiring In-House Costs More Than You Think

Employment overhead

• CPP, EI, and benefits

• Vacation, sick time, and statutory holidays

• Software, systems, and workspace
  

Hiring and training

• Recruiting time or agency fees

• Ramp-up periods and learning curves

• Productivity loss during onboarding
  

Operational risk

• Work slows when someone is away

• Knowledge sits with individuals

• Single points of failure are unavoidable
  

Finance does not pause because someone is on vacation.

The Hidden Costs That Add Up Quickly

How Collective Finance Reduces Total Cost

Collective Finance replaces fragmented hiring with a single, integrated finance department.

Organizations working with us typically reduce finance-related costs by 30–50% compared to maintaining an equivalent in-house team.

That savings comes from:

• Eliminating employment overhead

• Avoiding recruitment and turnover costs

• Built-in continuity and coverage

• Fewer errors, less rework, lower compliance risk

You are not paying for headcount.
You are paying for outcomes.

Continuity Without the Fragility

Internal teams rely on individuals.
Departments rely on systems.

Collective Finance operates as a team-based finance department, meaning:

• No single point of failure

• No disruption during absences

• Shared processes, documentation, and review

• Work continues without escalation

Your finance function keeps moving, even when people are not.

Hiring finance talent requires knowing how to evaluate technical skill, compliance knowledge, and judgment.

Collective Finance provides:

• Experienced finance professionals

• Proven workflows and controls

• Cross-industry insight

• Ongoing professional development

You don’t have to recruit, train, or manage this expertise.
You inherit it.

 Expertise You Don’t Have to Build

We live and work in Canada. That matters.

Canadian payroll, sales tax, and compliance rules are nuanced and unforgiving.
Offshoring may reduce hourly costs, but it often increases errors, oversight, and risk.

Our advantage is native knowledge of the Canadian business environment, applied consistently and correctly.

Canadian Knowledge That Reduces Risk

Organizations don’t outgrow bookkeeping and suddenly need one hire.
They outgrow risk, fragmentation, and dependency.

A remote finance department gives you:

• Lower total cost than hiring internally

• Reduced compliance and operational risk

• Predictable monthly investment

• A finance function that scales with you

Collective Finance delivers the department, without the burden.

The Smarter Way to Scale

You are not choosing between outsourcing and hiring.

You are choosing between:

• More cost, more risk, more management, or

• A stable, integrated finance department that simply works

Collective Finance is built for organizations that want to grow without carrying unnecessary financial weight.

Bottom Line