Why Does your Business Need to Hire a Virtual CFO?

Whether your business is a startup or a Small & Medium Enterprise (SME) or a Large Corporate, financial planning helps avoid unexpected economic hardship and is key to long-term growth and stability. While big enterprises may have the money to spend on finance managers and analysts, startups who are primarily focused in their early stages on product development and expansion, most often cannot. An insightful financial advocate is needed to manage financial performance, financial analysis, tax planning, risk and compliance management, business & cash-flow forecasting.

That is why your business needs a Virtual CFO who can trustily provide the following:

Flexibility and Affordability:

When your company hires a Virtual CFO, you set the terms for time and cost that work best for your business. You can scale up or down as your requirements change and you only pay for the services you need

Diverse and Independent Experience:

Most Virtual CFOs have worked with a variety of companies, gaining expertise that can offer a unique perspective that is grounded in practice. A Virtual CFO would not be affected by loyalties to a certain agenda, thus providing an independent opinion..

Ability to Handle Complexity:

Not only does a Virtual CFO bring current knowledge and proven expertise to an organization, a Designated Accountant is able to analyze organizations using more complex accounting treatments.

Trusted Reporting:

An experienced Virtual CFO knows how to streamline reporting and current financial analysis, to give you the information you need to ensure that your company is operating in an informed and efficient manner

Ability to Tackle Challenges:

A Virtual CFO who has experience with a variety of financial crises, is prepared to tackle financial challenges and emergencies, while offering sound options for moving forward.

Get Up to Speed Quickly

Virtual CFOs are more adept and swift at handling financial dilemmas. It would take someone who lacks their skill, a lot longer to assess and strategize, costing your business precious time and money that you may not be able to afford.

Most Importantly, Provide Perspective:

The Finance Officer spends most of his/her time looking forward. In the process, answering questions regarding the next month, quarter and year and translating that image in actions to get your company there.

If you are looking for a Virtual Finance Officer for your business, LEVERAGE is here to help with the ZvFO suite. LEVERAGE can bring the benefit of best practices and existing resources closer to you with a fraction of the cost you would pay for a well-versed full time hire. Our ZvFO services are structured to meet your needs and tiered to match with your priorities. Whether you are looking for cash flow improvement, operational performance, managing your growth or maximizing your enterprise value, LEVERAGE is well positioned to help.

A successful Financial Officer works with accurate and clean data. You can bundle up your services with ZvBK to improve your bookkeeping accuracy.