Businesses should consider hiring a Controller if managing the day-to-day accounting operations is getting too much for their time or expertise. Common issues that may lead to hiring a Controller include issues with the timeliness of receivables, payables, or financials. Internal team members need more oversight and guidance to complete timely, slow, and outdated processes.
Basically, the Controller ensures the accounting tasks are done so that the CFO & owner have data to analyze & make decisions with. All the benefits mentioned here are strategic conversations that the CFO will use the data to help guide the business owner how to make.