Virtual CFO Group - Virtual CFO Group

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Helpful products and expert services to leverage your profitability and secure your financial position

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ON-TAP: Expert CFO services to help you manage business growth, restructuring, financing, and exit strategies

We assist business owners to improve performance and give insights into achieving their financial objectives such as getting a business ready for sale, raising capital for growth expansion, or improving cash flow. We provide a no-obligation consultation to assess your business needs.

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Targeted, fixed-cost diagnostics for specific problems and challenges

Power-up business performance in crucial areas with targeted diagnostic packages that deliver the crystal-clear, meaningful insights you’re needing:

Profit Diagnostic

Wondering why there isn't more profit, considering your business revenue? Develop a multi-faceted approach to improving your profit and positively impacting your bottom-line.

Profit Diagnostic

Review gross profit structures
Review of break-even parameters
Review of product/service costs
Review of pricing strategies
Review of mix impact

Customer

Product

Territory

Channel

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Cash Reserve Diagnostic

Opportunities needing your full focus to maximise returns? Develop the strategies you'll need to ensure your business is well capitalised.

Cash Reserve Diagnostic

Review of operating cashflows
Review of working capital needs
Review of fixed asset needs
Review of funding arrangements
Review of supplier strategies
Review of cash management practices (micro v macro)

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Growth-Ready Diagnostic

Managing through a high-growth phase? Remain in control of the performance and capacity outcomes and grow sustainably.

Growth-Ready Diagnostic

Review of reporting needs

financial

operations

sales
Review of analytic needs
Review of planning processes
Review of capacity issues
Review of business management applications (software)
Review of resourcing issues

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Finance-Ready Diagnostic

Needing to borrow or refinance? Enable your business to easily meet the requirements of banks and other finance organisations.

Finance-Ready Diagnostic

Review of financial controls
Review of balance sheet structure
Review of reporting formats
Review of forecasting processes
Review of borrowing capacity (meeting commitments)
Review of financing options

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Exit-Ready
Diagnostic

Nearing the time to divest or retire? Achieve a more desirable selling price through auditable financials and supported 3-way forecasts.

Exit-Ready Diagnostic

Review of financial controls
Review of reporting formats
Review of process documentation requirements
Review of customer and supplier histories
Review of forecasting models
Review of critical resources
Review of audit readiness

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Achieve your business goals like these successful companies

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Anthony Innovations

“The Virtual CFO Group has assisted us to implement and maintain rolling 3-way forecasts. This provides us with a clear understanding of the expected profitability levels and forecast cash positions across our group of companies. They provide valuable support to our internal finance departments and work closely with the management teams across all divisions."
Cross Docks Australia

“Since working with the team at the Virtual CFO Group, we have implemented proactive planning and review processes that have assisted us to grow our profitability and have a clear understanding of our cash position across the outlook period. We would recommend them to other medium-sized businesses.”
Detector Inspector

“In 2017 we took on venture capital for our business. They would not have agreed to the deal without the detailed financial budgeting/forecasting reporting that we had at hand. The venture capital people commented that the level of reporting detail we had at hand was similar to that of much larger companies they worked with.”

“We would not have been able to expand as rapidly as we have without the information that their (the Virtual CFO Group Australia) management reports provide us. It helps us stay nimble as a business and make informed decisions quickly and with confidence. If you don’t understand your cash position at any given time you lack confidence in your decision-making, and a poor decision or poor timing can really hurt you.”
DH Steel

“As a project-based business, work-in-progress valuations are critical to our margin management processes. The Virtual CFO Group assisted us to develop a work-in-progress valuation methodology thereby enabling us to monitor project margins and understand gross profit performance within reporting periods.”
RPM Hire

“When we had some interest from a private investor, we got the Virtual CFO Group to come in and strengthen our financial controls and establish our reporting and forecasting processes. This was a key element in assisting us to complete a smooth journey to a successful outcome.”
Sancell

“The Virtual CFO Group has been working with our finance department to implement 3-way forecasting. This has also required a focus on modelling for capacity management and demand planning to assist with structured decision-making around strategic capacity planning.”
Verve Portraits

“We strengthened the planning and analytics capability of our finance team by bringing the Virtual CFO Group to work with our internal team. They worked closely with the internal team and enabled us to build a stronger finance capability.”
Way Funky Company

“The Virtual CFO Group helped to bring a more structured approach to our planning processes and enabled us to have a detailed understanding of the key gross profit drivers. They were able to work closely with our internal teams and built productive relationships throughout the business.”
Zeel Kitchens

“Our business mentor recommended that we needed a virtual CFO. Since we appointed the Virtual CFO Group, they have established a range of financial controls to support key improvements to our reporting and planning processes. We are becoming increasingly confident that we have a clear understanding of how our operational performance will impact on profitability and cash reserves.”

FINANCIAL ANALYTICS

We provide businesses like yours with state-of-the-art BI dashboards for instant financial analysis reporting and visualisation.

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Expert virtual CFO services

A virtual CFO from the Virtual CFO Group will be a part of your team. Your virtual CFO will provide all the essential information needed to improve performance in key areas of your business.

Our experienced CFOs combined with the tools delivered by our data analytics team enable us to empower clients with a deeper understanding of how the business is performing. Crystal-clear, meaningful insights enable business owners and managers to dial-up performance outcomes and grow the business sustainably.

For businesses with turnover from $0.5m to $150m
A dedicated CFO working remotely and/or on-site as needed
Online client portal delivering real-time business performance analytics
Cost-effective monthly plans for virtual CFOs, CFO consulting, and related services

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Working closely with referral partners

Our CFOs work closely with accountants, advisors, and industry consultants to complete the picture of financial expertise and business intelligence available to business managers and owners, company board members, and shareholders.

The CFO brings unique skills to the roundtable of financial advisory and consulting services available to the business. Successful business owners and entrepreneurs benefit from the accuracy, clarity, and interpretation of business performance provided by the CFO.

Accountants
Business coaches and advisors
Industry specialist consultants
Business exit strategists and M&A advisors

JOIN OUR REFERRAL NETWORK

WHO WE ARE

We’re a team of highly qualified and experienced CFOs and associates dedicated to helping business owners and CEOs with best practice in financial management. We work directly for businesses and with referral partners such as accountants and business advisors.

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WHAT WE DO

We ensure that the financial administration of the business is accurate and financial reporting is meaningful. We can help make any changes, integrate any systems, and do any training of existing staff necessary to achieve excellence in the finance department.

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WHERE WE WORK

We have team members in Melbourne, Sydney, and Brisbane. Leading in virtual CFO services, with remote access and cloud accounting systems, and the ability to meet online cost-effectively, many of our clients are national businesses no matter where they are headquartered.

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EXPERTISE

Every member of our team is highly qualified and experienced with an excellent track record.

PROFESSIONALISM

We are members of the Virtual CFO Association and committed to its aims, standards, and ethics.

CLIENT FOCUS

A virtual CFO is assigned to your business and focused on serving your specific business needs.

CAPABILITIES

Our services can extend into several other areas to help with business performance and administration.

QUESTIONS ABOUT VIRTUAL CFO SERVICES?

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ENHANCE YOUR FINANCIAL INTELLIGENCE

Articles and whitepapers by expert CFOs to help with the best-practice financial management of your business

Small business and the ‘accounting gap’ issue that MUST be resolved

2022-11-17T13:12:51+10:00By Colin Wright, CPA CFO|

This white paper discusses the 'accounting gap' issue for small businesses - an issue that MUST be resolved for any small business to become a successful larger business. Smaller businesses face a serious disadvantage [...]

Beware the coming CASH TRAP as your business emerges from COVID-19

2022-06-22T13:16:07+10:00By Colin Wright, CPA CFO|

Can your business finance its rebuilding as we emerge from the long era of COVID-19 lockdowns? As we finally move out of this prolonged period of lockdowns and border closures, many businesses that have [...]

Accessing finance – why it’s CRUCIAL to have strong financial controls

2022-06-22T13:16:44+10:00By Colin Wright, CPA CFO|

Accessing debt to finance your business growth opportunities is a critically important requirement to achieve business success. All lenders place a heavy reliance on the financial reports provided by applicants. Lenders are very sophisticated [...]

What are the financial management requirements of your business?

2022-06-22T13:16:52+10:00By Colin Wright, CPA CFO|

It depends on your management culture and the stage of your business lifecycle How different levels of financial management services can add value to businesses in relation to their lifecycle stage [...]

“3 WAYS” to instantly improve business performance

2022-06-22T13:17:03+10:00By Colin Wright, CPA CFO|

The importance of 3-Way Forecasting in the growth phase of your business This article discusses the importance of 3-Way Forecasting in a growing business because: growing businesses face unique issues management need strategies for [...]

How expert financial reporting helped Detector Inspector grow quickly from micro to major-sized business

2022-06-22T15:19:54+10:00By Colin Wright, CPA CFO|

Jordan Kagan Gescheit and Jason Radolnik started a simple side-gig as university students. Now, with the help of a virtual CFO (Colin Wright), their side-gig is a multi-million dollar company expanding into other countries. [...]