In the past, when a company began to grow, it was clear that a finance department had to be established — hiring a payroll accountant, a financial manager, and administrative support were all considered natural steps in the company’s development.
In recent years, more and more companies are choosing a different path: outsourcing their finance department. This approach allows the company to operate efficiently without unnecessary commitments.

Hiring a high-quality external finance department provides the company with all the financial services it needs, including budget and cash flow planning, regulatory compliance, payroll accounting, ongoing financial oversight, reporting to authorities, and continuous business-financial guidance.

This service is especially suited for startups, growing tech companies, businesses with international activity, and companies that prefer to focus their in-house talent on product development and strategy — rather than managing books.

When done right, an external finance department saves the company valuable management time, prevents financial mistakes, and significantly reduces fixed operational costs. In addition, it gives leadership an accurate picture of the company’s financial status, enabling data-driven decisions, compliance with changing regulations, and proper engagement with investors, banks, and authorities.

At Danoy, we provide external finance department services to dozens of startups and tech companies across various sectors. We bring extensive experience in managing financial operations both in Israel and abroad, including dual regulatory compliance (Israel–USA), structural flexibility, and close collaboration with company leadership. This allows the company to enjoy all the benefits of a professional finance department — without building one from scratch.

If you’re considering this kind of strategic move, contact us.