Virtual CFO Functions
Virtual CFO is a way for small and Medium size businesses to get CFO support that they wouldn’t have been able to afford previously.
Small & Medium size businesses that hire a Virtual CFO get access to an experienced financial professional at a fraction of the cost of a full-time CFO.
The service will perform following tasks
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Monitor the financial health and well-being of the business, usually with cloud technology.
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Offer financial insight and guidance on all company decisions and issues.
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Provide back-office functions such as managing accounts ledgers, depending on the client and their needs.
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Tracking Key Performance Indicators (KPI).
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MIS Reports and Reports on Key Drivers for success and transparency.
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Creating budgets and forecasts.
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Pinpointing problem spending by highlighting trends in the market.
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Validating or discouraging business decisions with financial well-being in mind.