A virtual CFO is a financial and operational expert who performs the services of a chief financial officer. However, instead of offering those services in person, a virtual CFO works remotely on a contractual, sometimes part-time schedule.
Until recently, the strategic advice of a CFO wasn’t even possible for many small businesses, since financial executives wanted permanent, in-house roles. Most small and medium-sized ventures have hesitated to fill the position because it’s been so hard to know when a growing organization is ready for such a big commitment.
What does an outsourced CFO do?
An outsourced CFO is a financial expert who offers financial strategy services on a contractual or part-time basis. This person helps businesses resolve challenges like executing more efficient systems, solving tight margins, raising capital and dealing with cash flow issues.
Hiring a virtual CFO is a brand new concept. Today, many types of small- to medium-sized businesses hire a virtual CFO to gain access to a seasoned financial professional at a fraction of the cost of employing a full-time CFO. Virtual CFO services differ from company to company.
Read more about the specific tasks a CFO does here → https://franmccully.com/virtual-cfo-services/
If you are interested in discovering if Virtual CFO Services might be the right business move for your business feel free to book a complimentary 45 minute call with me here → https://calendly.com/franconsult/complimentary-consultation?month=2021-01