An experienced CFO will identify any problems with your companies’ finances and immediately take action to correct them. However, while many businesses can greatly benefit by hiring a full time CFO, they simply cannot afford it.
If this is the case for your organization, a virtual or part time CFO service is the best solution. They will provide you with the same financial advice and management as a full time CFO, but at a fraction of the cost.
By hiring a part-time or virtual CFO, your business will gain valuable financial insight that will help your business –
- Improve profits and profit potential
- Secure financing
- Handle, settle or restructure debt
- Ensure internal accounting procedures have been properly implemented
- Stabilize Cash Flows
- Eliminate any confusion you may have with your finances
- Have an expert financial advisor at your side that will help you plan for the future
A Part-time, Virtual CFO Greatly Reduces Costs
By far the best benefit of hiring a part-time or virtual CFO is that they are highly affordable and you will immediately realize a return on your investment. Better yet, a virtual CFO uses the same technologies as any other service based company that operates on a remote model. While a part-time CFO will reduce costs, by working in an entirely virtual setting, a virtual CFO will reduce costs even further.
Hiring a CFO was once out of reach for many businesses, but this is no longer the case. Times and technology have changed, and today, professional financial advice is now accessible to the vast majority of growing businesses. In addition to leveraging the latest technology to reduce costs, CRS Financial Management also has flat rate fees to ensure costs never exceed your budget. With a variety of different packages to choose from, it’s only a matter of choosing the package that will benefit your company the most.
Professional Financial Advice and Management
While many CEO’s have the acumen to create, manage and provide leadership to their businesses, oftentimes their finances are in complete disarray. Even the most successful CEO’s require the partnership and guidance of a professional financial advisor.
Simply put, a CFO is an expert in managing business finances. They carry with them years of experience and will remove the burden of managing your finances on your own. Many businesses have found themselves in a position where their financial reports are inaccurate, not being prepared on time and are constantly losing profits and revenue.
By providing your business access to a financial professional, they will immediately solve any financial issues you may be having. They will implement the proper financial procedures to set your company back on course to return profits and revenue. Since they specialize in financial management, you will be able to focus on doing what you do best; managing your business.
Customized Service tailored for your business goals
Another great benefit of hiring a part-time or virtual CFO is the ability to pick and choose the services you need, as you need them. This allows you to get financial advice “on the fly” with long and short-term service customized specifically for your needs. With custom CFO services, you can strategically target specific projects or areas of your business where you require professional financial advice.
For example, you can choose any number of the services below, all without paying for the ones you don’t require.
- Strategic Planning
- Enhance revenue and margins
- Recommend growth initiatives
- Provide Merger and Acquisition Strategy & Support
- Business Plan Development
- Bank Relationship Management
- Cash Flow Management
- Budgeting & Analysis
- Forecasting & Projections
- Improve infrastructure and operations
- Streamline systems and processes
- Establish/Strengthen Internal Controls
- Improve Integrity and timeliness of internally prepared financial reports
A fresh set of eyes for your finances
As someone who operates outside of your business, a part-time or virtual CFO has the ability to offer a fresh perspective towards your finances. While your entire business may be in a state of financial panic, a CFO will enter your business with a clear, composed mind to help solve your financial issues. Not only this, but they have years of experience working with a diverse range of service-based organizations, and will offer financial guidance and solutions specific to your industry.
If your business requires professional financial advice, please contact CRS using the form below to get in touch with us. You can schedule a complimentary strategy session that will help us identify the exact CFO services your business requires.
