An Intellective Virtual CFO service will transform your performance!
We believe that as a small business grows and is presented with new challenges, there is a need for a steadying hand – the peace of mind to know that you have an expert on your side to keep your finances under control, who cares as much about your business as their own. This expert is a Chief Financial Officer (CFO). The CFO is an integral part of the senior management of every big business in the world.
Why don’t small businesses have CFOs?
Because a CFO is expensive and in most cases there is no need for a full time CFO when much of the day-to-day of the work in a small business can be performed by a bookkeeper.
So, how does a small business cope with the challenges of growing? Some turn to their Tax Accountant for guidance, but in most cases their Accountant is too busy or not capable of helping. Some turn to their Board of Directors, if they have one. Others try to deal with the challenges as best they can, while also juggling their role of working in the business. The problem is that in most cases, there is no-one there to guide our small businesses.
The solution is a Virtual CFO
A Virtual CFO is a part-time resource to guide your business, to keep your finances under control and provide you with the steady hand of an expert on your side. Think of it as your navigator, sitting beside you and guiding you towards the finish line. Our Virtual CFO service provides you with the benefit of a fully qualified and experienced Chartered Accountant, who has worked as a CFO before. Our Virtual CFO service can be customised to meet your business needs – whether it is once a month or a few days every week.
Why do you need a Virtual CFO?
- To drive your financial results – A virtual CFO will build your understanding of what makes your business really work and advise you of what goals you need to drive your financial results.
- To control your business – Our virtual CFOs understand all the tools and techniques used to keep control of big business and they can adapt these to suit your business.
- Independent expert – Every business owner needs an independent expert who can see what is happening and work with them to improve their business.
- Flexibility – A virtual CFO gives you access to the expertise you need to make informed decisions, when you need it.
- Faster solutions – Every business has its problems. With an experienced virtual CFO you will get faster solutions, as it is likely that we seen a similar problem before.
- Fresh ideas – We like to challenge the status quo and the good news is that through our clients, we are exposed to many different ideas. Your business can benefit from this through a constant influx of fresh ideas.
- Save money – You get all the benefits of a CFO but at a fraction of the cost. We tailor the level of involvement that suits your business needs and budget.
What does a Virtual CFO do?
- Strategic Advice
- Business management and financial services
- Business improvement
- Clarify objectives and goals
- Strategic planning
- 90 day goals
- Forecasting and budgeting
- Performance monitoring
- Monthly meetings
- Manage your accounting function
- Liaise with Banks
- Analyse Customer profitability
- Pricing of services
- Control costs
- Simplify your business
- Eliminate duplication
- Improve profitability
- Evaluate software decisions
- Feasibility and Due diligence
- Mentoring Training your staff