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Scale Ireland

Case Study Sector

Scaling Companies

An outsourced finance function, offering expert financial management, compliance support, and strategic insights

Scale Ireland is Ireland’s leading independent not-for-profit representative organisation for Irish tech start-ups and scaling companies. They are the most prominent representative organisation for the Irish tech sector. Their mission is to support, promote, and advocate on behalf of indigenous tech start-ups and scaling companies of all stages, sizes, and sectors, and to create the most favourable conditions for them to succeed.

By partnering with Fitzgerald Power, Scale Ireland aimed to leverage expert financial support to streamline processes, ensure compliance, and gain strategic insights, all while freeing up internal resources to drive the not-for-profit organisation forward.

Services provided by Fitzgerald Power

Monthly bookkeeping tasks

This includes bank reconciliations, cash reconciliations, and creditor and debtor
reconciliations. We ensure that all financial records are up-to-date and accurate, enabling more informed financial decision-making.

VAT calculations and submission

Accurate and timely VAT calculations and submissions, ensuring compliance and avoiding the possibility of any penalties.

Bi-monthly management accounts

One of the key services offered was the preparation of a bi-monthly management account. The bi-monthly management reporting pack allows for better financial planning and decision-making.

Yearly statutory accounts & regulatory compliance

Preparation of the statutory accounts in line with reporting frameworks, including corporation tax preparation and submission and filing of the accounts with the CRO.

Monthly payroll runs

Monthly payroll processing, including revenue submissions in line with Revenue’s Real Time Reporting and Enhanced Reporting Requirements (ERR), is managed by Fitzgerald Power.

Outcomes

The collaboration between Fitzgerald Power and Scale Ireland led to numerous benefits, including:

Improved financial efficiency and accuracy.

Enhanced financial reporting, leading to better decision-making.

Cost savings through reduced in-house financial management expenses.

Compliance with tax regulations and payroll requirements.

“”

In Fitzgerald Power, Scale Ireland has found a strong service partner, who supports a critical function of the business with deep sector knowledge, responsiveness and efficiency. The team has consistently provided exceptional support, combining professionalism with a genuine understanding of the needs of the business.

Sheila Harte, Head of Operations

Scale Ireland