Virtual CFO Services - Brisbane & Australia Wide
FinServCo provides outsourced, "as-needed" expertise in strategic planning, finance, accounting, and other diverse management projects to emerging, growth-stage and established companies. Companies working with a FinServCo Virtual CFO enjoy the benefits of advanced expertise , while limiting the cost and commitment of additional senior staff.
Why companies hire a Virtual CFO
- Desire to improve profitability but lack a plan or internal resources to develop one
- Growing business that needs professional assistance but cannot afford a full time CFO or financial controller
- Pressure from banks / auditors to get financial reports and forecasts in order
- Cash flow concerns
- Lack of consensus about the companies problems and how to correct them
- Outdated systems that no longer support the business effectively
- Expanding the current business
- Buying or selling a business
- Restructuring an existing business
- New ownership
- Senior management vacancy
- New or increased competition
Typical CFO Engagements
Growing businesses often reach a point where they need financial professional advice but cannot afford the services of a qualified full time CFO or financial controller. FinServCo has the perfect solution in instances where a business can benefit from experienced advice on a part time basis or for a once off project. FinServCo will provide you with a professional finance manager who works with you to help guide your business to success.
The cost of hiring a full time CFO can range from $100,000 to well over $200,000 per year plus bonuses and benefits. FinServCo's Virtual CFO services provides you with experienced support at a small fraction of that cost.
Our Virtual CFO services include:
- More time to focus on new services, new customers and other core business issues
- Better understanding of the financial side of your business
- Improved descision making capabilities from clearly seeing the hard and true numbers of your business
- Readiliy available sounding board to assist with tough business descisions and help you clarify your business plans
- Training and managing your accounting staff
- A professional who establishes strong financial controls in your business to increase profits and reduce wastage
- Improved quality and timeliness of financial reporting
- Budget preparation and monitoring
- Profitability analysis by services or product line
- Tax saving strategies
- Trend analysis
- Cash managements, 13 week cashflow forecasts
- Liason with bankers, lawyers, auditors, vendors, insurance agenets etc.
- Assistance in obtaining finance from banks, including assistance with negotiations. Review / negotiations of insurance policies
- Development of company accounting procedure manuals
- Analysis of equipment purchases, expansions, etc.
- Mergers and acquisitions assistance
- Strategy development and implementation
- Acquisitions integration
- Modeling, forecasting, budgeting
- Equity & debt refinancing, recapitalizations
- Turnarounds and restructurings
- Board of directors reporting / support
- Treasury and cash management
- Financial reporting and analysis
