A Virtual CFO for Your Business

Why a Virtual CFO?

Owner-operators of small-to-medium businesses can often feel isolated running their businesses. It’s often not appropriate for them to discuss business issues with their staff and they’d rather not take it all home to dump on an unsuspecting spouse!

This is where a virtual CFO can step in. What is a ‘virtual CFO’? Also referred to as an ‘outsourced CFO’ this is a service designed to bridge the skills gap present in an organisation that needs high-level financial advice but doesn’t yet require a full-time employee in the role.

Every business is a little different from the last and a good virtual CFO will tailor their service to meet the needs of your business, but as a guide, this might form a typical month of working with one:

• Keeping an eye on your business numbers remotely
• Preparing monthly financial reports with analysis
• Creating and monitoring KPIs via dashboard software
• Budgeting and cash flow advice
• Proving advice regarding staff remuneration and incentives
• Attending monthly meetings to discuss everything

Hiring a CFO is a big step for any business. It can get very expensive, especially for businesses that don’t necessarily need a full-time CFO. That’s why we’re here, whether you need your own CFO once a week, once a month, or just every now and then. With your own CFO from NET Results Accounting, you get the experience and expertise you need without the cost or commitment of hiring in-house staff.

We take that worry and burden off you so you can focus on running your business.

A common question: “Will you actually solve my problems, or will you just point out what they are and give us suggestions on how to fix them?” We won’t just throw numbers and reports at you. We are committed to actually helping you solve your problems.

You Need Your Own CFO when:

• You think your business should be more profitable
• You need help with strategic planning.
• You need an expert sounding board for reviewing ideas.
• You need meaningful financial analysis.
• You spend too much time managing your finances.
• Your financial systems don’t produce timely or accurate results.
• You feel your business isn’t structured that promotes growth.
• You are unsure what factors are helping or hindering your business.
• You are trying to find or secure outside financing.
• You want to sell your business.
• You need accurate financial information to make sound decisions.
• Negotiating with bankers, regulators, and other parties.
• Your financial staff needs training or mentoring.
• You need help identifying risks and opportunities.
• You need financials with specific action items.

Opportunity and risk assessment.

We will audit your business’ entire operation to look for inefficiencies and holes that are costing you money. Then we’ll help you set up processes and systems to improve and monitor productivity going forward.

Budget process development and maintenance.

We will fix your current budgeting processes for you or develop them from the ground up if you don’t currently have any in place. We’ll work with you to create a budget based on your company’s past results and future goals.