What is a Virtual CFO?
A virtual CFO is an external resource that is engaged to support some or all of the financial functions of a company. A good Virtual CFO will take responsibility for the entire finance function, giving business owners the confidence to step out of the day-to-day running of the business, and focus on growing their business.
What are the benefits?
A Virtual CFO allows businesses to reduce its spending on financial resources, when employing a full-time CFO can’t be justified. They can be contracted on an “as needs” basis, thereby offering greater flexibility than a full time employee.
A Virtual CFO provides a range of specialist skills, and a team of resources that cannot be matched by a single CFO. With such a wide range of resources available, a Virtual CFO is able to tailor the solution to suit your needs.
Objectivity can be difficult to find, but a Virtual CFO provides it. They, neither own the business, nor are employed by it, and as a result, provide an objective assessment of the financial performance of the business. All of this leads to better decision making.
As a Virtual CFO is not an employee, the business doesn’t encounter the usual HR issues such as; annual leave cover, employee satisfaction, training and career progression.
How can Nexia Virtual CFO Solutions help?
At Nexia we go beyond the role of the traditional accountant. We will develop a deeper understanding of your specific business, and combine that knowledge with our financial expertise to help you drive performance.
We are viewed by our clients as Trusted Advisors and are often used as a sounding board to offer assistance. Through our Virtual CFO solutions, we are ideally placed to provide independent financial advice that ultimately drives profit to the bottom line.
Additionally we are part of a global network of accounting and consulting firms, and as a result have access to a full suite of services.
Nexia Virtual CFO Solutions provides specialist expertise in the following areas:
- Management reporting
- Benchmarking and Best Practice assessments
- Cloud based solutions
- Modelling scenarios
- KPI reporting
- Tax management
Cash Flow Management
- Cash Flow
- Revenue Optimisation
- Funding and Capital Raising
- Independent insight and advice
- Strategic Planning
- Business Planning
- Risk Management