WHAT IS A VIRTUAL CFO?
A virtual chief financial officer, or CFO, helps a business owner make sound business decisions based on their expertise in financial planning, financial reports, and financial strategy.
WHY USE VIRTUAL CFO SERVICES?
Once your business reaches a certain scale and size, the decisions you make as a business owner have bigger consequences and risks. Thus you need to have data to evaluate the financial consequences of a decision.
A VIRTUAL CFO WILL HELP YOU ANSWER THE FOLLOWING QUESTIONS:
- Do we have money to hire employees?
- How much cash are we burning each month?
- Should we invest in buying a new piece of equipment?
- If our revenue is growing so quickly, why is our cash balance so low?
- If we continue to grow our business, how much revenue and profit will we make next year?
A CFO TAKES A STRATEGIC VIEW OF YOUR BUSINESS
- They do this by providing insights and data to improve business performance.
- The CFO is primarily focused on the financial aspects of a business.
A CFO IMPROVES BUSINESS PERFORMANCE
- They can help you develop a business model for a company to determine how the business will perform next year or in five years.
- Business modeling requires a CFO to determine the most important operational metrics of a business.
A CFO PROVIDES GUIDANCE FOR OPERATIONAL DECISIONS
- A CFO helps the CEO make day-to-day operational decisions by providing data and insights for decision-making.
- A good CFO can help you develop a forecast for your business to determine when you will have the money to make these critical decisions.
BUSINESSES HIRE VIRTUAL CFOS TO GO REMOTE
- Virtual CFOs normally does video conferences on platforms such as Zoom once a week or even on a monthly basis, making them a lot more affordable than a full-time CFO.
- Many companies now prefer remote contractors vs. employees because of all the benefits that come attached to contractors.
Example: you don’t have to pay virtual CFOs benefits such as paid holiday and paid medical leave, like you would with a traditional employee CFO.
OUR VIRTUAL CFO PACKAGE INCLUDES:
- Advisory Services
- Monthly Financial
- Reporting/KPI Scorecards
- Project Costing
LEARN MORE ABOUT OUR VIRTUAL CFO SOLUTIONS BY BOOKING A DISCOVERY CALL TODAY
Start focusing on what you do best, running your business head-on.
Meet Us. Talk to Us.