Benefits of using Virtual CFO services to Small Businesses
The accounting profession is going through some major changes. There are now more firms competing with each other than ever before. To succeed in today's ever-changing marketplace, it is important for a small business to both gain and keep its competitive advantage. Small business now have so much choice that ordinary services like compliance, tax preparation and basic bookkeeping are becoming commoditised. There's so little differentiation in this crowded market that the value of these services is being driven down. An important part in achieving this is an effective CFO function. The role of the CFO has evolved from being a backward-looking financial policeman to a forward-thinking strategist whose primary undertaking is to provide advice on a wide range of issues. The necessitated skill set includes an ability to set strategy, lead change initiatives, and organize value-added evaluations to improve its Company's value. Yet most small businesses are often stuck in a quand...