Big businesses typically have an in-house Chief Financial Officer (CFO), but this is not always an affordable option for small and medium sized businesses. An experienced CFO, however, is essential to providing businesses with invaluable financial and management advice, regardless of their size. As those big businesses who consistently outperform their competitors comprehend, they wouldn’t have achieved the degree of success they have without an experienced CFO on their side. But how can small and medium sized business access this level of input and guidance when having a CFO on staff is simply beyond their budget? Consider engaging our services as a ‘virtual CFO’. Having a CFO on board, albeit part-time, is certainly better than no CFO at all. And outsourcing is a viable option for small and medium sized businesses, at least until they can afford to employ their very own experienced CFO on a full-time basis. This is where SMART Business Solutions can assist as your ‘virtual CFO’.
What does a CFO do that is different from your accounts manager / bookkeeper?
The virtual CFO fills the gap between your in-house accounts manager / bookkeeper to take your business financial information and analysis to the next level. The types of functions a virtual CFO performs in a business include:
How Can We Help You?
SMART Business Solutions has played the role of proxy CFO for many of our business clients. Our seasoned CFO outsourcing service has evolved over time to reflect what is most important to our clients, ensuring the support we provide is tailored to match your budget and the specific functions you require. When you engage us as your CFO, we guarantee you’ll find us willing to take a hands-on approach as well as being accessible throughout the term of our agreement. And as your CFO we can offer you the following services:
In addition, we understand the importance of monitoring and analysing Key Performance Indicators (KPIs); these are after all, the “numbers” that really count. To this end, it’s critical you set up a “KPI dashboard” to show your actual KPI performance versus your ideal KPI targets. This “dashboard” can be a great aid in keeping track of your business’ real-time performance, and in adapting your management so that you can, ultimately, achieve your end goals.
As your seasoned CFO service provider, we will deliver comprehensive financial reports, clear-cut KPI data, as well as making ourselves available to explain any/all of the information, offer our expertise and assist you in making pivotal business decisions.
The topics that we’ll cover in our regular meetings include your business’:
With our assistance, you can formulate an effective business plan that puts you in a position to realise the targets you’ve set for the next period and into the future. Think of us as your financial performance sounding board; as your seasoned CFO service provider, we’re here to help you stay focussed and on track so you can achieve your business’ end goals.
What Next?
Contact SMART Business Solutions on 0359 11 7000 or reception@smartbusinesssolutions.com.au to set up a no-charge, no-obligation appointment. We will be happy to discuss how we can serve as your outsourced CFO. We’ll detail the costs involved and what’s specific CFO functions are included so you can plan your budget accordingly.
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