Your CFO™

CFO services typically offer high-level, strategic services on a project basis or on a part-time basis; for example, working on systems design and analysis as well as operational optimization.

Any business that needs access to experience as well as top-level strategy, but without the associated costs needs outsourced CFO services.

Here are some of the top services an outsourced CFO can provide a company:

• Save time and money. An outsourced CFO can be hired according to business requirements. With a virtual CFO, you can leverage the knowledge, skill and experience of a full-time CFO with the reduced cost of having a full-time CFO on staff.An outsourced CFO also helps save time by providing the financial oversight of processes you were handling internally, including processing paying bills, payroll, budgeting and handling financial paperwork.
• Offer seasoned, strategic insights.Balanced, long-term growth necessitates a sound business model that takes into consideration factors such as industry outlook; internal and external resources; customer demographics and behavior; a detailed financial plan; as well as competitive positioning. It is not enough to look at previous year’s data and come up with a plan for the current year — the current speed of business demands that essential metrics are assessed
  continually and acted upon promptly. An outsourced CFO can put in place various accounting and reporting systems to ensure business units have full visibility into the core metrics required to make those decisions quickly and efficiently.
• Financial management and forecasting. An outsourced CFO can oversee the accounting and financial functions for a business by providing regular financial reporting and guidance, developing internal accounting controls and ensuring there are proper checks and balances in all accounting issues. Businesses with dynamic business models benefit the most from financial forecasting and projections. An outsourced CFO can also develop rolling forecast tables and financial statements that project up to 12 months out so that resources can be allocated to meet future goals.
• Cash flow management. An outsourced CFO can help prepare cash flow statements that include stockholder equity, long-term assets, net income and liabilities, among others. And through regular assessment of cash flow statements, they also help develop cash improvement programs.
• Scale the business. An outsourced CFO can support a company’s expansion plans by performing financial forecasts and financial risk assessments, ensuring that the financial infrastructure is up to the mark, helping obtain financing and applying for loans, determining the most cost-efficient tax structure and applying for multi-state registrations, if applicable. They can also attend business meetings with investors and lenders to raise capital for growth.
• Tackle financial challenges An outsourced CFO can help set things straight when a company is struggling financially. They can help remedy the following challenges: high business overhead; inability to raise capital; poor cash flow and profitability; high client churn; and debt management and loan repayment; among other challenges.

CFO consulting services are professional advisory services provided by outsourced CFOs or financial experts to businesses on a consulting basis. Outsourced CFOs are high-level executives responsible for managing a business’s financial strategy, planning and decision-making.

An outsourced CFO does a lot more than an outsourced accountant and/or a bookkeeper. Here are eight additional benefits of outsourcing CFO services that can help you enhance the financial health of your company.

• Cash flow management. An outsourced CFO will run an analysis of the expenses and profits statements, and plan strategies to deal with any financial roadblocks. They can also identify areas and implement strategies to free up cash and improve your company’s overall performance.
• Strategy and planning. An effective outsourced CFO can help your business create strategy and business forecasts and plans. They focus on current performance needs, long-term strategic planning and guidance, and provide customized solutions specifically designed to take your business to the next level.
• Growth and exit strategies. An outsourced CFO can help prepare all required documents, including business plans and forecasts, in order to raise capital for growth, or prepare your organization for sale. This expertise can help your business achieve a substantial premium on a sale, or better investment/lending terms.
• Financial planning. If you decide to go public or merge with another firm, the outsourced CFO can develop and execute strategies to deal with rough financial periods and/or sudden growth to ensure a smooth transition. An outsourced CFO can help perform such financial planning functions as setting company goals, conducting market research and analysis, drafting a sales and marketing plan, setting up an accounting and financial management system, finding ways to obtain startup funding and so on.
• Accurate and timely financial information. An outsourced CFO ensures that the business they are looking after is receiving error-free and timely financial information. The financial statements and other important financial documents are reviewed by an expert, so you can be confident that the information provided is accurate.
• Review customer contracts. An outsourced CFO can advise you on how to negotiate highly profitable contracts. They can also identify potential risks that could end up costing you money and assess whether the contract terms are in your best interests.
• Process improvement. An outsourced CFO can improve several business processes, including month-end reporting timelines, credit and collections processes, client onboarding, reducing lead time to revenue and increasing lead generation. Outsourcing your CFO services can help you analyze and update your marketing strategies to maximize the ROI of your marketing expenses. With an outsourced CFO, you also have time on hand that can be better utilized to drive innovation and product development, leaving financial matters to the experts.
• Specialized restructuring advice. If your business is going through a major change, such as redirecting its trajectory or restructuring for growth, the required CFO functions may have to be highly specialized, instead of generic. In such situations, your firm can benefit from bringing in an outsourced CFO who can focus on the specialized tasks.

Yes, an outsourced CFO can help perform several financial planning functions such as setting company goals, conducting market research and analysis, drafting a sales and marketing plan, setting up an accounting and financial management system, finding ways to obtain startup funding and so on.

Yes! An outsourced CFO can help your business create strategy and business forecasts and plans. They focus on current performance needs, long-term strategic planning and guidance, and provide customized solutions specifically designed to take your business to the next level.

An outsourced CFO can also help prepare all required documents, including business plans and forecasts, in order to raise capital for growth, or prepare your company for sale. This expertise can help your firm achieve a substantial premium on a sale, or better investment/lending terms.