What is a Virtual CFO?
When a small business is at a stage of requiring a senior finance person on staff but it doesn’t have the cash flow to support a full-time role, a Virtual CFO could be the answer.
Working part-time in the business, the Virtual CFO takes over management of the finance function, supervising staff, liaising with banks or a board and becomes the business owners right hand person. The oversight of IT requirements may also fall to them as well.
Virtual CFOs typically have several years corporate experience at a senior level and are members of an accounting professional society. This is their strength as their experience will have included several industries and roles giving them a holistic approach when advising small business.