Virtual CFO / Outsource CFO
The Virtual CFO is a relatively new idea. It’s a way for businesses to get remote support from a part time CFO that they wouldn’t have been able to afford previously, or to save on the cost of having a full CFO in-house.
The average salary of an in-house CFO in the Australia is just under $250,000 per annum. A virtual / Outsource CFO gives businesses access to the same experience that they would have with an in-house CFO, for a fraction of the cost.
KG Business Management offers you a qualified, highly-experienced part time CFO for an affordable fee.
How can a Virtual / Outsource CFO benefit my business?
Having access to a Virtual CFO can be a huge benefit to your business, but for most businesses, the cost of a full-time experienced chief financial officer is out of reach. Many businesses won’t even consider hiring a chief financial officer anyway – not realising that this decision could make or break their business.
So many businesses fail within the first three years, for a multitude of reasons, including failure to differentiate from the competition and profitable business model. By using a Virtual CFO, businesses are able to set clear and achievable financial goals and ensure that they are on the path to profitability.
Your Virtual / Part Time CFO will:
Carry out the usual duties of a traditional CFO remotely and on a part time basis.
Monitor the financial health and wellbeing of your business using comprehensive cloud technology.
Provide you with financial insight and guidance on all of your company decisions and issues.
Carry out back-office functions such as managing accounts ledgers, to meet your business needs.
Budgeting and forecasting.
Pinpointing problem spending.
Validating or discouraging business decisions based on financial considerations.