Virtual CFO Services
Passion Business Advisors are here to support you to grow and nurture your business to increase your cash flow, implement financial reports for stakeholders and reduce financial stress on you and your team.
Feeling good about your business but not sure where you can improve? Curious about ways to boost your sales?
Maybe your sales are strong, but you’re constantly grappling with cash flow issues. Or you’re looking to expand your team but worried about the financial strain. Comparing your performance to competitors can be tricky, and tracking different business units can be a challenge. Staying compliant with ATO and regulatory requirements is another concern.
If any of this sounds familiar, your business could benefit from an outsourced CFO. A Chief Financial Officer can provide the financial expertise you need, and with a Virtual CFO, you get all the benefits without the full-time cost. Pay only for the hours you need and enjoy dedicated support to help your business succeed.
Virtual CFO Services for Your Business
If finance is not your core business, why not free up your time so you can focus on what you love to do? A Virtual CFO can provide you with clarity of financial information which will lead to:
Increased Productivity
Improved Efficiency
Strategic Direction
Increased Cashflow
Have some questions about Virtual CFO Services?
I have an accountant, why do I need an Virtual CFO?
A traditional accountant looks after your tax compliance, tax structuring and tax advisory work. But if you are looking to grow your business and want more clarity about your direction or you are spending a lot of your own time looking after the finances, then it’s probably a good time to hire a Virtual CFO.
Even if you have a team looking after your day-to-day bookkeeping and accounts, an outside expert can help provide a clear overview of your financial position. A Virtual CFO can also provide a sounding board and is an extension of your leadership team to help you with any problems or ideas you may have.
How do I know if my business would benefit from outsourced CFO services?
Business owners who would benefit from an outsourced CFO include those who:
- Want to have have accurate and up-to-date financial information to be able to make decisions
- Want to increase their profits by improving their understanding of their financial performance and position
- Want to have an independent sounding board for business decisions and ideas
- Want to align your financial strategy with your overall business plan
- Want to create a budget or forecast for the future but don’t know how to go about it
- Want to identify business opportunities and ways to increase efficiencies
What do Virtual CFO Services include?
At Passion Business Advisors, our Virtual CFO Services include:
- Business planning & goal setting
- Monthly or quarterly management reporting
- Monthly or Quarterly business review meeting and action plan review
- KPI set up and monitoring
- KPI Dashboard
- Annual Budgets and cash flow forecasts
- Cash Flow management
- Review of profit margins and profitability of each service
- Benchmarking
- Review of financial processes, people and technology
