Virtual CFO

Virtual CFO is a new and an innovative concept. It’s a way for small businesses or Startups to get CFO support that they wouldn’t have been able to afford previously. Small businesses that hire a Virtual CFO get access to an experienced financial professional at a fraction of the cost of a full-time CFO.

Businesses will first hire bookkeepers and accountants to manage their growth. At a certain level, though, you need more excellent financial strategizing and management, and that’s where a chief financial officer comes in. However, full-time CFOs can be costly, and that’s given birth to the virtual CFO (VCFO).

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Why Virtual CFO?

At the core, an accountant specializes in tax matters and makes a great addition when looking for a tax professional. On the other hand, a virtual CFO will dedicate themselves to the organization’s long-term financial strategy.

A virtual CFO is an expert at ensuring every department of your firm is operating at peak performance. Hence, the focus will always be on long-range operation planning.

An experienced virtual CFO will also advise you on the ideal capital structure mix that can sustainably support the firm’s growth.

Salient features of Virtual CFO Services

Handle all the duties of a traditional CFO, but work remotely and on a part-time basis.
Monitor the financial health and well-being of the business, usually with technology.

Offer financial insight and guidance on all company decisions and issues.
Provide back-office functions such as managing accounts ledgers, depending on the client and their needs.

Advantages for Start-ups

Affordability

Having access to a Virtual CFO can be a big benefit for a small business. Most of them can’t afford an experienced, knowledgeable CFO on a full-time basis and may never consider hiring one.

Adherence to financial goals

Many small businesses fail within the first three years. Reasons include failure to set themselves apart from the competition, and an inability to find a profitable business model. With an accounting professional acting as their Virtual CFO, they could keep their financial goals and realities clearly in sight.

Making a big difference for startups

A Virtual CFO is an affordable alternative to hiring a full-time CFO and can make a big difference to a small business, by:

Creating budgets and forecasts.
Pinpointing problem spending by highlighting trends in the market.
Validating or discouraging business decisions with financial well-being in mind.

More accuracy in financials

Critical issues such as budget planning and cash flow forecasts, among others, call for accuracy. A virtual CFO has the expertise to make your financials more accurate for you to work off better data that gives you higher chances of succeeding.

Wide Expertise Range

Remote CFOs work with different clients who operate in diverse industries. As such, they gain visibility into adjacent insights that can better assist your organization, which you’d likely miss out on as you only focus on your industry.

A strong sounding Board

Having a virtual CFO helps you gain a sounding board; you can rely on to talk through these critical decisions. With their wealth of diverse experiences, Virtual CFOs help you draw out meaningful insights you may not catch on your own that can make or break strategy.

Process of Private Limited Company Incorporation

The overall incorporation application filing may take 4-6 business days.

Startup Movers specialized services

Monthly virtual meeting over zoom/google meet with a senior resource for CFO services to discuss business financial strategy, monthly performance review and discussions with the management for a certain committed hours each month.
Virtual experience for few committed hours
While you come onboard for our VCFO services, we keep you notified and updated on routine compliances to ensure smooth conduct of your business
Bird’s eye view of the financial performance of your company.
Proactive management of your company’s finance with the help of advanced tools and technology.

How can Startup Movers Assist you in VCFO Services?

Financial advisory
Accounting functions of the organization
Compliances of the various acts applicable.
Corporate governance
Oversight of financial plans
Advising on optimum Capital Structure