THE VIRTUAL CFO
Elevate your business with our tailored Virtual CFO Plans and customizable service menu.
At our firm, we offer tailored financial services, including Virtual CFO expertise, Controller and Transactional Level Services. Our customizable Menu of services allows you to select offerings to add in your selected plans that meet your needs, ensuring a personalized approach to financial management. With our diverse range of solutions, we empower you to make informed decisions and achieve your business goals efficiently.
VIRTUAL CFO LEVEL
We're here for you whenever you need to strategize, even outside of scheduled meetings.
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Our Virtual CFO service offers continuous strategic support by pairing you with a Virtual CFO and a remote accounting team. Your main contact, the Virtual CFO, will educate you on forecasting using non-financial metrics. They'll diligently track these metrics to mitigate risks, boost profitability, and grow your cash reserves to 10% of revenue. Additionally, a senior accountant manages day-to-day inquiries and aids in analysis and planning, while a tax specialist ensures compliance behind the scenes, preventing year-end surprises.
Benefit from our cutting-edge technology and access a team with diverse skills and ample redundancy to guarantee seamless operations, even during absences. Enjoy these advantages at a fraction of the cost of hiring a full-time employee.
If your expanding business requires professional financial guidance but lacks the resources for a full-time CFO or controller, our Virtual CFO service is tailored for you.
VIRTUAL CFO LEVEL
What makes it special?
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More hands-on involvement-Weekly meetings for updates
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Actively recommends and aids decision-making-Focus on future planning with KPIs and forecasting.
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Proactively brings insights and suggestions.
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When to opt-When you need a financial partner who can handle it all: customized reports, third-party communications, compensation plans, and holistic business insights.
THE CONTROLLER LEVEL
Our Controller service pairs you with a Controller and a remote accounting team. The Controller, your main contact, guides you in strategic cash flow management and dynamic forecasting for future growth. Additionally, your team includes a senior accountant for daily inquiries and analysis, and a tax specialist for behind-the-scenes consultation, avoiding year-end surprises.
Benefit from our advanced tech tools and a diverse team, ensuring seamless operations even during absences, all at a fraction of the cost of a full-time hire.
If your growing business requires professional financial guidance but lacks resources for a full-time Controller, our service is ideal.
THE CONTROLLER LEVEL
What makes it special?
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Offers advice, leaves final decisions to you. Meetings as needed, less frequent than VCFO
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Focuses on strategic financial planning. Acts as a financial advisor with balanced guidance.
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When to opt-You are good with more macro level details and implementing our recommendations.
TRANSACTIONAL LEVEL
With monthly meetings, the Transactional Service includes financial statement preparation, bookkeeping functions, and tax returns if you want to add this customizable menu of services.
Strictly compliance driven, this service is best for small companies that want high and tight financials they can actually use –and a monthly sounding board to discuss them.
The Transactional Service is reactive (focused on the past) while the Controller and Virtual CFO Services are strategic (future oriented).
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TRANSACTIONAL LEVEL
What makes it special?
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Primarily analyzes past financial data.-Reactive approach.
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Monthly meetings for financial discussions.-Recommendations based on historical events.
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Provides insights into what has already happened.
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When to opt - you want clean financials and an expert sounding board to discuss them.
Customizable menu of services
ACCOUNTS PAYABLE MANAGEMENT
What can you expect?
Invoice Processing: Handling and processing incoming invoices from vendors and suppliers
Vendor Communication: Communicating with vendors regarding payment terms, inquiries, and dispute resolutions
Payment Processing: Managing the payment process, including scheduling, approvals, and disbursements
Expense Tracking: Tracking and categorizing expenses to ensure accurate financial records
ACCOUNTS RECEIVABLE MANAGEMENT
What Can you expect?
Invoicing: Generating and sending invoices to customers for products or services rendered.
Payment Tracking: Monitoring customer payments and following up on overdue accounts.
Credit Control: Implementing credit policies and assessing creditworthiness of customers.
Collections: Initiating collection activities for unpaid invoices and managing payment arrangements.
CASHFLOW MANAGEMENT
What Can you expect?
Liquidity Optimization: Ensuring optimal cash flow by managing receivables and payables separately to maintain sufficient liquidity for operational needs.
Risk Mitigation: Implementing strategies to mitigate risks associated with cash flow fluctuations and market volatility, safeguarding financial stability.
Forecasting: Utilizing advanced forecasting techniques to predict cash flow trends and make informed financial decisions .
Optimizing Working Capital: Maximizing efficiency in working capital management to improve overall financial performance.
PAYROLL MANAGMENT
What can you expect?
Payroll Coordination with Third-Party Provider:
Seamless Processing: Coordinating with a trusted third-party provider for efficient and accurate payroll processing
Employee Compensation Management: Ensuring timely payment of salaries, social benefits, and taxes through the third-party payroll service
Compliance: Guaranteeing adherence to payroll laws and regulations by working closely with the third-party provider
Accuracy and Efficiency: Maximizing payroll efficiency by leveraging the expertise of the third-party provider
BUSINESS AND PERSONAL RETURNS
What can you expect?
Tax Preparation: Assisting with the preparation and filing of business and personal tax returns .
Tax Planning: Developing strategies to minimize tax liabilities and maximize tax benefits .
Tax Compliance: Ensuring compliance with tax laws and regulations at both the business and individual levels .
Tax Consulting: Providing expert advice on tax matters and addressing client inquiries.
What's Included
Our Virtual CFO Service offers a beacon of clarity for your business's financial journey. With dedicated experts and strategic tools, we guide you toward financial success. Enjoy simplified onboarding, consistent support, and clear financial reporting, all tailored to empower your business decisions and growth.
01
Dedicated Expert Team
Gain an ally in financial growth with a team of experts committed to your business’s success. They're like your financial navigators, steering you towards your business goals.
03
Regular dedicated Meetings
Schedule regular meetings to stay on top of your financial health, whether weekly, twice a month, or monthly. It's like a regular check-up for your business's finances to keep it in peak condition.
02
Strategic Forecasting & KPIs
We equip you with company-wide forecasts and key performance indicators (KPIs), turning data into your strategic advantage. Think of it as your business’s compass and speedometer, helping you know where you’re headed and how fast you're getting there.
04
Single Contact Point
Simplify your experience with a main point of contact. This means you'll have your own financial concierge, making sure your experience is seamless.
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Streamlined Onboarding
A structured onboarding process ensures a smooth transition. It's the red carpet rollout for your financial management system.
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Leadership Meeting Participation
We’ll be there right beside you in your leadership meetings when you need us*. It's like having a financial coach in your corner during important plays.
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Efficient Month-End Close
Prompt and precise end-of-month financial closures. Consider it a timely wrap-up of your finances each month, so you're ready for what's next.
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Accurate Financial Statements
Clear and concise financial statements, the mirror to your business’s fiscal face, showing you the true reflection of your financial position.
*Service features like leadership meeting attendance may vary based on the chosen service level and any customized service menus.
HOW DO WE WORK?
Virtual CFO onboarding process
Phase 1: Initial Engagement
1
Introduction & Expectations
Establish roles, responsibilities, and expectations.
2
Financial Health Check
Analyze current financial status. Identify pain points and propose immediate improvements.
3
Strategic Goal Alignment
Align financial strategies with overall business objectives.
Phase 2: Monthly Deep Dive (Ongoing)
1
Pipeline and Sales Strategy Review
Assess sales pipeline for revenue optimization.
2
Real-time Cash Flow Management
Analyze current financial status. Identify pain points and propose immediate improvements.
3
Dynamic Forecasting
Align financial strategies with overall business objectives.
4
Continuous Project Monitoring
Align financial strategies with overall business objectives.
Next Step-
1
Interactive Session
2
Collaboration Kick-off
OUR PLANS
KNOW MORE ABOUT OUR PLANS
Title | Transactional | Controller | Virtual CFO |
|---|---|---|---|
Typical Client Size | Under 10 Employees | 10-20 Employees | 20+ Employees |
Service Description | Reactive | Proactive | Strategic |
Onboarding | 4 Weeks | 6 Weeks | 8 Weeks |
Month-End Close | Yes | Yes | Yes |
Financial Statements | Yes | Yes | Yes |
Scheduled Meetings | Upto 1X/Month | Upto 2X/Month | Upto 6X/Month |
Online Support | Unlimited | Unlimited | Unlimited |
Company Wide KPIs | No | Yes | Yes |
12 Month Forecasting | No | Yes | Yes |
Revenue Recognition | No | Yes | Yes |
Incentive Plans | No | No | Yes |
Performance by Project | No | No | Yes |
Team Member Performance | No | No | Yes |
Department Performance | No | No | Yes |
Customized Department Reports | No | No | Yes |
Bank Relationships | No | No | Yes |
Director Meeting | No | No | Yes |
Resource Planning | No | No | Yes |
Individual Tax Return | Optional | Optional | Optional |
Business Tax Return | Optional | Optional | Optional |
Other Business Tax Returns | Optional | Optional | Optional |
Tax Planning/Projections | Optional | Optional | Optional |
