What is a Virtual CFO and what do they do?

The virtual CFO – or outsourced CFO – is a contracted service provider who can provide the critical financial management skills for SME businesses at a cost that enables significant benefits to be delivered to the business. Thanks to the internet and the subsequent development of cloud-based business management applications and communications technologies, SME businesses now have the opportunity to access the critical skills and experience necessary to the achievement of their business objectives. Typically, your virtual CFO has a number of strengths and focuses on:

  • Analysis through financial reports and interpretation of these
  • Oversight of the business’ finance function
  • Offers insights into business operations which allow well-informed decisions to be made
  • Behaves with a broader view of the client’s ethical and social responsibilities
  • Heavy focus on budgeting and forecasting
  • Provides performance management support
  • Reviews risk exposures

 


 Why do I need bookkeeping?

Having a good bookkeeper will ensure you have efficient accounting systems.  This helps you manage critical components of your business.

 


Why should I outsource bookkeeping?

Most small and medium business owners do not have the knowledge, time or ability to effectively perform their bookkeeping duties.  Outsourcing a bookkeeper will provide you with the time required to focus on your business operations. 

 


What is an Executive Virtual Assistant and what do they do?

An Executive Virtual Assistant is an administration professional that works from the comfort of their own home office or a leased office space or anywhere they want to be!

An Executive Virtual Assistant does the majority of things that a personal assistant or executice administrator does, but they’re never in your office. Answering telephones, replying to emails, invoicing your clients… anything you can do online, your Executive Virtual Assistant can help you with.

 


What are you fees and can I package up different services?

The cost of our services is not such a straight forward question. There are many factors that can influence this, such as size of the team and frequency of the service required. Although it may seem to be a big cost to outsource any services, it’s not always the case. Having a qualified professional taking care of your required services has many advantages.

Outsourcing can be considerably cheaper than hiring an employee internally to carry out tasks. Fixed fee outsourcing is a good way to ensure your costs don’t blow out come end of year, end of quarter or end of month.

Consider outsourcing your requirements to keep costs fixed, helping with cash flow and to fend off those surprising bills. An all-inclusive packages can be tailored to your requirements.

We can create a fixed cost package to suit your requirements.  It be included only one of our services, or two or all of them.  We will sit down with you and evaluate your needs.  We will then build an affordable fixed cast package specifically for you.