The Virtual CFO Group presents a range of professional CFOs who have many years of experience working with the owners and senior management teams in small and medium-sized enterprises. They have a proven track record in growing the profitability of their clients and achieving secure financial positions from which the client businesses can create wealth for their owners. Through an improved understanding of the drivers of performance and proactive planning processes, this can be achieved in your business.
Strategic settings and impact on financial position
Reporting structures & design
Planning & review
Finance department strategies
Finance team development
The Virtual CFO Group has well-developed systems and models to provide an efficient oversight of the financial controller activities in your business. From accounting policies and procedures through to structured controls, we can ensure your accounts are reliable and accurately demonstrate your financial performance. We provide tailored reporting for your organisation and structure and these reports can be fully automated to enable fast and reliable reporting for timely management review.
- Management of the Integrity of accounts
- Balance sheet reconciliations
- Accounting policies & procedures
- Matching of income & expenditure
- Period end adjustments
- Financial reporting
- Consolidated reports
The Virtual CFO Group provides a range of performance analytics to provide client businesses with critical information for improving performance. These can be fully automated and available to authorised users through a range of output devices including smartphones, tablets and computers. These can include live information and can access a range of internal and external data sources.
- Key metrics & performance indicators
- Automated sales & marketing reports & analytics
- Automated operations reports & analytics
- Financial reports & analytics
- Cloud-based dashboards
The Virtual CFO group specialises in 3-way forecasting. This is the key planning tool for forecasting performance in the outlook period and for managing critical cash reserves during this period. Our models have been developed over many years and enable bottom up contributions from the key functional departments in the business. The 3-way forecasting process is a powerful management tool as it focuses management on the behaviours of key drivers.
- Forecasting operating performance
Forecasting balance sheet needs
Forecasting cash reserves
The Virtual CFO Group can oversee the key treasury management functions in your business. Managing cash reserves, finance facilities and FX risk exposures is vital to ensure your business can focus on managing the business and not managing cash. This is also a critical wealth generation activity where we can advise on appropriate balance sheet ratios and support strategies that will generate wealth-creating return on equity levels.
- Cash forecasting
- FX exposure management
- Finance facilities
- Return on equity
- Debt facility management
- Dividend policies
The Virtual CFO Group has worked with many SME clients over many years and understands how important it is to have a structured control hub in which the key financial management requirements of the business can be conducted. We also understand the need for disciplined administration of this hub to ensure efficient finance functions and to enable the internal audit and review processes needed to ensure all accounting practices are being undertaken correctly and ensure accounting anomalies will be found.
- Formalised financial control format
- Models, templates & systems
- Structured SharePoint
- Data warehouse
- Budgets & forecasts
- Reports & analyses
- Financial control
- Strategies & projects
The Virtual CFO Group has a great deal of experience working on special projects. Projects will be assessed and financial models established prior to commencement. Projects can then be implemented within the financial controls established to enable the projects to achieve the financial outcomes expected. Additionally, this process can avoid hidden financial pitfalls and enable management to prioritise between a range of project options.
- Capex models
- Acquisition models
- Start-up businesses
- Standard cost systems
- Capacity planning
- Work in Progress valuations
- Pricing reviews
- Incentive systems
The Virtual CFO Group can provide support to ensure all bookkeeping functions are being undertaken in a timely and accurate manner. We can work with existing bookkeeping and accounts teams to co-ordinate the processes and ensure that the most efficient processes are in place and that accounting policies are being complied with. Communication between bookkeeping/accounts teams, accounting/virtual CFO teams and public practice accounting teams enables a quality finance outcome for your business.
- BAS lodgements
- Control account reconciliations
- AP/AR oversight
- Transactional maintenance