What is a virtual CFO and it’s Services?
The Virtual CFO is a new concept. It's a way for small businesses to get CFO support that they wouldn't have been able to afford previously. Small businesses that hire a Virtual CFO get access to an experienced financial professional at a fraction of the cost of a full-time CFO. The services will differ from firm to firm, but usually a Virtual CFO will: Handle all the duties of a traditional CFO, but work remotely and on a part-time basis. Monitor the financial health and well-being of the business, usually with cloud technology. Offer financial insight and guidance on all company decisions and issues. Provide back-office functions such as managing accounts ledgers, depending on the client and their needs. How the cloud can help you offer a virtual CFO service If you want to offer valued-added services such as Virtual CFO, the first step is to start using cloud technology. The cloud offers several benefits that will help you set up a Virtual CFO service: Cloud solutions can sha