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Many businesses today are faced with increased workloads, limited budgets and uncertainty around future cashflows. Whether your business needs support with a short-term project, routine management accounting tasks, or specialized financial expertise, a Virtual CFO (vCFO) offers a transformative solution.
A vCFO arrangement can deliver a cost-effective, flexible, wrap around support with tailored advice linked directly to your business strategy.
There are many reasons why you should consider a Virtual CFO for your business, including:
A traditional CFO comes with a high fixed salary, which represent a significant expense. A vCFO arrangement allows you to pay only for the services you need, providing cost-effective access to high-level strategic input, insights, and leadership without the price tag.
With a vCFO, you not only get expertise in reporting, budgeting, strategy and governance but also access to the full spectrum of services we offer. From financial and management accounting to taxation and commercial finance, a vCFO can provide tailored guidance to meet your business needs.
vCFO services can be entirely virtual or partially onsite, with ad hoc or fixed hours over a set period. This flexibility ensures that you can adjust the level of support as your business requirements change, without the complexities of traditional employment arrangements.
One of the major benefits of a vCFO engagement is the ease with which it can be wound down if your needs decrease. There’s no need for restructuring or managing poor performance, making it a hassle-free solution for dynamic business environments.
From remote ad-hoc advisory services to embedding a seasoned Nexia team member within your business, our range of vCFO solutions is extensive. If you need help with monthly reporting, weekly cash flow analysis, or preparing for an audit, Nexia can also provide junior to intermediate accountants on a part-time basis, engaged remotely or through a hybrid approach.
SMEs: Businesses that cannot afford a full-time CFO can benefit from the cost-effective expertise of a vCFO. This allows them to access high-level financial strategy and insights without the costs.
Startups: Companies needing strategic financial guidance for growth can rely on a vCFO for crucial budgeting, funding strategies, and financial planning, helping them navigate their early stages more effectively.
Non-Profit Organizations: Entities requiring strict budget control and reporting will find a vCFO invaluable for maintaining compliance, optimizing resources, and ensuring financial transparency.
For new businesses with uncertain cash flows, or expanding businesses needing assistance with funding, strategy, or project workload, a vCFO can provide the necessary financial leadership and advice. It’s also an excellent option during economic downturns when you need to reduce spending without impacting revenue.
If your business should be profitable but isn’t, or if you need to raise capital, refinance, or reduce debt, a vCFO can offer the strategic insights and support required to navigate these challenges successfully.
Nexia offers customized solutions to suit your business needs and budget. Whether you need temporary support or a long-term arrangement, we can provide the right mix of expertise and flexibility.
To learn more about how a Virtual CFO or our outsourced accounting solutions could help your business, please reach out to your local Nexia Advisor.
Nexia is one of New Zealand’s best accounting and business advisory consultancy firms with offices in the Christchurch CBD, Albany and Newmarket in Auckland, and Hastings in Hawke’s Bay. Nexia New Zealand offer the full range of accounting, advisory, audit, tax and insolvency services.
