Benefits of a Virtual CFO

You already have a bookkeeper keeping your financial records up to date.  Awesome.

You already have a tax accountant preparing your annual tax returns and financial statements.  Unreal.

Both of these things are fundamental to keeping your business ticking over. And ticking over. From day to day. A heartbeat. Life support.

But life support is not life itself. Is your business thriving or surviving?

Who is keeping an eye on your cash flow, budget management, expense trends, profitability, financial risk and ultimately the overall success of your business?        . . . Ah. . .

These critical tasks often take a back seat for business owners who find themselves wearing multiple hats struggling to keep up to date with day-to-day operations and manage any sort of work life balance.

Acting as your strategic partner and advisor, a Chief Financial Officer (CFO) supports your business with financial analytics and insights which form evidence for strategic direction and help identify opportunities. It is all about working smarter, together – not harder, on your own.

This kind of financial support is no longer limited to big corporations.

The Wandering CFO can be your Virtual CFO, providing your business with the financial insights and expertise it needs, with the flexibility and individual tailoring to suit you.

Key benefits of investing in a Virtual CFO for your business:

A Virtual CFO gives you access to experienced finance professionals without the burden of hiring a full-time employee. The best Virtual CFOs will customise their services to meet the needs of your business, meaning you only pay for what you need.  You get ultimate flexibility and return on investment

Engaging a Virtual CFO allows owners and key employees to focus their energy on their core responsibilities and the areas that match their skills and expertise. This specialised focus drives productivity up, using what you already have at hand and saving you time.

Cash flow is the lifeblood of small businesses.

A quality Virtual CFO will help YOU understand your current cash position and which levers need pulling to maximise cash flow and safeguard the health of your business.  Shared knowledge makes for a stronger partnership.

You gain complete visibility and clarity over your business financials, giving you power to make informed decisions about your business’ future. Virtual CFOs are all about simple, easy to understand, reporting and analysis.

Giving you more control and less stress.

Your Virtual CFO should go beyond the financials to review your accounting systems and operational processes, ensuring your business is operating as efficiently and effectively as possible. They will confirm the marketplace branding is consistent with your operations and explore opportunities to streamline your business with system improvements and modifications.

Positioning your business for profitable growth.

By partnering with a Virtual CFO, your business can realise its full potential and transition from surviving, to thriving.