what is a virtual CFO?
IN THE JUNE 2016 MEMBERS ROUNDTABLE THE MEMBERS CAME UP WITH A BROAD RANGING DESCRIPTION OF WHAT A VIRTUAL CFO IS.
The virtual CFO – or outsourced CFO – is a contracted service provider who can provide the critical financial management skills for SME businesses at a cost that enables significant benefits to be delivered to the business.
Thanks to the internet and the subsequent development of cloud-based business management applications and communications technologies, SME businesses now have the opportunity to access the critical skills and experience necessary to the achievement of their business objectives.
Typically, your virtual CFO has a number of strengths and focuses on:
- Analysis through financial reports and interpretation of these
- Oversight of the business’ finance function
- Offers insights into business operations which allow well-informed decisions to be made
- Behaves with a broader view of the client’s ethical and social responsibilities
- Heavy focus on budgeting and forecasting
- Provides performance management support
- Reviews risk exposures
What we do
How we help business owners
Become a member
The Association of Virtual CFOs Charter
The Virtual Chief Financial Officer (VCFO) Association seeks to promote the specific expertise of its members while advocating and advancing our standing both within the accounting profession and the broader business community.
The association is made up of experienced professional accountants, mostly with backgrounds in commerce who meet our stringent proficiency criteria.
Within our network, we aim to share our knowledge on digital trends, technology, best practice and risk. There will also be mutually beneficial opportunities to collaborate.
As advocates of the emerging VCFO sector within the accounting profession, we believe that VCFO’s are specialists and aim to promote this section of the profession.
Finally, we aim to promote positive stories about the profession through a range of initiatives such as digital media and PR events where appropriate.
Become A Member
As our member base grows so to will the benefits that can flow on. Membership lasts a calendar year (in line with media cycles) and offers members.
- Exclusive access to events
- Roundtables are members only
- Discounted Breakfast Briefing tickets
Supporting virtual CFOs
PO Box 294,