Virtual Financial Officer
Performing the role of your CFO at a fraction of the cost.
Why do I need a VFO?
The traditional role of a Chief Financial Officer (CFO) was typically to keep business finances updated, create a healthy cash flow and profitability of your business, while taking charge of the financial reporting so that they can ensure that a company is compliant with regulations and at the same time, provide accurate historical financial data.
However, the modern role of a CFO includes two other important aspects. While financial reporting continues as the bread and butter of every CFO, strategic financial planning and managing the financing structure becomes equally important in the full spectrum of what a CFO should do.
A virtual CFO or VFO improves the performance and profitability of your business. Every successful corporation has a CFO. However, the level of expertise that a CFO provides is normally beyond the reach of smaller businesses. Hence, if you are looking to grow your business and increase your profits in a sustainable manner but are not able to afford an in-house CFO, you should probably consider using our VFO service.
FREE FINANCIAL MODEL TEMPLATE
Wish to do a preliminary understanding if your business requires a Virtual Financial Officer? Here is a free PDF download for you to determine if you are on-track with your business’ finances. As soon as you fill up your details, we will furnish you with a financial model template.
When do I need a VFO?
- I want to increase my business’ profits
- I need help with strategic planning
- I want an experienced sounding board to bounce off ideas
- I need to do a financial analysis of my company
- I do not have timely and accurate financial information for decision-making
- I am spending too much time in accounting and financial management
- I am not sure how to measure growth and profitability of my company
- I feel like my company is not well-structured to facilitate growth and efficient operations
“If I have seen further, it is by standing on the shoulders of giants.”
Physicist, mathematician & astronomer
How does Excide help me?
Excide takes on the role of a virtual finance officer to provide entrepreneurs with the necessary financial planning support. How having Excide as your VFO may benefit you in the following ways:
A clear overview of your entire business with concrete numbers allows you to have transparency on performance which makes the management decisions you make more effective
Save time & cost
By implementing a finance system at a fraction of the cost which takes care of itself, you can have an unadulterated focus to channel your energy towards improving the overall health of your business. This will enable you to save both money and time.
When you structure the finances your business in an organised manner or assess the financial feasibility of a business idea, you will put yourself at a better position to be more equipped with a greater commercial sense of what actually works and what will not.
Where should I start?
The best way to determine which VFO package suits you would be for us to have a chat together. Leave us your details and we will get in touch with you soon.