Welcome to the Virtual Finance Office
Financial management – aaargh!!
The honeymoon
When you set up your business things were relatively simple. No employees, hardly any transactions, no one to answer to. Then you started to grow and things changed.
You had to hire people, trust that they knew what they were doing and rely on them for advice on areas that were not your forte. One of those areas was finance.
Your business has grown in size yet you cannot afford to hire a Finance Director as the going rate is between £75,000 - £120,000…
The consequence
The result is that you sail along not really knowing whether your business could be doing better, trying to manage your finances yourself without any assistance from financial experts.
That takes your time and energy away from doing what you’re good at. Meeting customers, generating enquiries, driving your business forward.
You worry about meeting financial obligations like taxes as you don’t have real time cash flow forecasts to refer to.
In short, you feel alone…
The problem
When a business gets to a certain size and can afford to, they start to hire qualified finance staff to take care of the increased finance requirements of the business.
The problem is, for small businesses, they simply cannot afford to hire the right level of finance support they need.
You can’t employ 30% of an accounts payable clerk, 30% of an accounts receivable clerk, 35% of a financial controller, 15% of a finance director etc. and you’re not yet of a size to justify the staff cost to get you to where you need to be.
The solution - the virtual finance office
Imagine if you had someone to fully implement, systemise and manage the finance function of your business so that:
You wouldn’t need to worry about your financial management anymore - we can scale easily how much we take care of
You’d have access to Senior Finance level support at a fraction of the cost of employing them full or part time
Your in house staff would have access to training and support from qualified finance professionals
You would save time and money by having access to the latest technology to streamline your processes
You would get insight into the financials of your business to help you make better, meaningful and timely decisions
You would have access to a trusted advisor who understands your business as a sounding board