Virtual Chief Financial Officer

Once only affordable by larger organisations the Chief Financial Officer (CFO) is no longer the sole domain of this type of enterprise and is now available to small-to-medium sized businesses through the Virtual Chief Financial Officer (Virtual CFO) concept. With the increasing access to the services of qualified professionals through technology the Virtual CFO is now becoming very affordable as an out-sourced option for SME businesses. Also, by providing businesses with what they need only when they need it, this concept allows businesses to have access to this high quality professional expertise at a fraction of the cost of employing a full-time CFO.

The key areas covered by the Virtual FCO are:

• Business plans and forecasts
• Budget and cash flow projections
• Business structuring
• Business process reviews and improvements
• Provision of timely, accurate management information
• Goal setting and monitoring
• Assist business owners with effective decision-making

Jaguar Accounting Group, through its Managing Director, Tony Lewis, provides this out-sourced Virtual CFO professional function to the small-to-medium sized business sector.

The services offered to SME clients are:

• Goal setting & cash flow budgets
• Performance reviews
• Be the trusted advisor/sounding board
• Provide the nexus between operational efficiencies and financial performance
• Facilitate monthly/quarterly meetings/discussions/reviews
• Decipher financial data & turn it into usable information for business owners to understand
• Review and enhance current financial processes to ensure accurate & timely management information for business decisions
• Contribute to Board/Management team meetings through facilitation and administering the meeting process
• Regular review of business plan objectives for relevance in changing economic and business conditions
• Oversee financial controls i.e. policies and debtor management etc.