Here's what you get with our Virtual CFO service:

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  • More time to focus on new services, new customers, and other core business issues. Let our Virtual CFO focus on the numbers and you can focus on the business.

  • A better understanding of the financial side of your business, so you have fewer surprises and more control over the money.

  • Improved decision-making capabilities from clearly seeing the hard and true numbers of your business.  Our clients typically meet with one of our Virtual CFOs on a weekly basis with a one-hour predetermined weekly meeting.

  • A readily available sounding board to help you with those tough business decisions and help you clarify your business plans. No questions are off limits.

  • The comfort of knowing that a professional is overseeing, protecting and constantly improving the financial side of your business.

  • A professional who establishes strong financial controls in your business to reduce employee theft and increase profits.

  • Training and managing your accounting staff. We can be your back office staff, or we can manage your staff for you.

  • Improved quality and timeliness of financial information. All financial reports and Key Performance Indicators (KPIs) are presented prior to the 15th day of the closing of the month.

  • Budget preparation and monitoring are performed by our Virtual CFO on a monthly basis. Forecasts are updated to reflect how actual results impacted them.

  • Profitability analysis by service or product line. Which products should we focus our sales efforts on? Where should we increase our margins?

  • Tax planning is extremely important for a growing business.  Our Virtual CFO team monitors your tax situation to ensure funds are set aside for taxes, quarterly payments are made, and there are no surprises at tax time.

 

 

If that is not enough, our Virtual CFO Service also provides the following:

  • Cash management, the key to financial success. Our Virtual CFO team's goal is to build a cash reserve equal to 10% of your annual revenue if you are a service company, or 10% of your gross profit if you are a manufacturing company.  How much stress would that remove from your life?

  • Trend analysis. How is your company performing compared to the industry, to the forecast, to prior periods? Our Virtual CFO team will break that down for you.

  • Assistance in defining long-range plans and the quantification of goals.

  • Liaison with bankers, attorneys, vendors, insurance agents, etc.

  • Assistance in obtaining financing from banks, including assistance with negotiations.

  • Review/negotiation of insurance policies.

  • Development of company accounting procedure manuals.

  • Analysis of equipment purchases, expansions, etc.

  • Mergers and acquisitions assistance

  • Custom designed collection policies and procedure

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