The VCFO service delivers high level financial analysis and advice on a regular basis, without the need for a full-time CFO. The service provides higher level skills that you need to make informed decisions, identify issues and improve business efficiencies. This service is very powerful and contributes significantly to business value. It is also more affordable than you might think.
How It Works
Step 1: Benchmarking
We work with your businesses Always-Up-To-Date accounting information and compare this against Australian Industry Benchmark data to seek out opportunities for business improvement. We then work with you to set realistic goals based on past business performance and benchmark data for your industry. We collaborate with you to set business KPIs and budget which will be the yard stick to assess your businesses results and achievements.
Step 2: Business Analytics
Backed up by Always-Up-To-Date accounting system our VCFOs are reviewing your business results shortly after month end. The analysis and preparation of the detailed management report highlights business results against pre-determined KPIs. Using our financial accounting expertise we can identify opportunities and risks in the financial information that can be used for better decision making, and in turn; business performance.
Step 3: Monthly Meeting
The best performing businesses have monthly board meetings. A meeting where key people can bring their skill set to the meeting and help solve problems and leverage opportunities. The motions carried are the management decisions implemented next month. Then again, next month, the board can review the results the decisions implemented. This business process is ideal for all businesses that want to outperform in a sustainable and viable way.
Our highly trained and analytical business accountants tune into your businesses 'Always-Up-To-Date' accounting information to provide you with advice and recommendations to optimise business performance and grow.