Most CEOs and business owners are preoccupied with the day to day operations of running their business and achieving their objectives. When companies grow quickly or have insufficient systems in place for scalability, this is when cracks can begin to show. Planning the financial future of the company is another task that goes to the bottom of the pile. And they then tend, not intentionally, to be behind schedule in planning the financial future of their company. It’s a CFO’s responsibility to assess your current financial situation and use that information to lead your company to success.
The role of a Virtual CFO is similar to a full time CFO, just that it’s a lot more performance and accountability driven role. Different types of virtual CFO services are available and will vary depending on the level of financial guidance needed by your company.
A few examples of day-to-day responsibilities of our virtual CFO may involve providing financial advice on key trends, company performance, budget control, financial risks and profitability tips. We act as your dedicated finance wing ready to support and facilitate your business’s key financial decisions that can immensely boost the confidence of your company’s performance to your investors, shareholders, management leaders and others.
As Virtual CFO, we review your existing company policies, processes and procedures identifying key issues and making recommendations accordingly.
Key tasks of a Virtual CFO
- Review monthly management reports
- Ensure business compliance
- Manage cash flow
- Strategically plan and review financial goals
- Business strategy
- Market share expansions
- Budgeting and forecasting
- Financial Analytics
- International business structures and restructures
- Succession Planning
- Exit Strategies