Controller and virtual CFO

Now more than ever, startups and corporate are looking for ways to run lean. You, your board, and your investors are probably asking some questions like…

How do we run on as little executive overhead as possible without missing out on making the right decisions?
What services do virtual CFOs offer and what will we need to find elsewhere?
How does working with a virtual CFO happen? How often will they be available? How will they deliver reports?
And of course, How much do part-time CFOs cost?

What do virtual CFO’s offer?

Let’s start with some of the broader benefits of virtual CFO services.

A CFO can identify and manage bookkeeper/controller to produce reliable data and interpret the results, providing insight to help steer the ship toward your stated goals. The result is that you know exactly where, when, and how to focus your team and inform your stakeholders.
A CFO can be a much-needed sounding board, coach, or guide. Look for a seasoned veteran who you can trust, not merely someone to fill a role. In the end, you’ll have a team member who knows your business and can help hold you accountable as you work to reach clearly defined goals.
A CFO can position the finance function as a competitive advantage. If you’re financially frustrated, chances are your competitors are too, but they’re probably not reading this post and actively seeking a solution. An experienced CFO can help you cut waste, deploy cash efficiently, and find opportunities for greater production or expansion.

In addition to these more over-arching items, virtual outsourced CFO services almost always offer:

Identify key metrics and map out reporting to monitor
Interpret financial results on a regular basis
Manage annual budgeting process, development of annual strategy
Cash management & planning
Strategic planning

Your organization may not need these services at present, but if you are or are anticipating the need, contact us now to discuss how we can help.