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By the very nature of operating at the cutting edge there are greater risks and more uncertainty than in more traditional industries. Planning operations and tracking the numbers are crucial to ensure that there is clarity about costs and matching them with the associated revenue.
Some factors to consider
Project Costing – normally High Tech businesses have defined projects and it is important to ensure that all the cost associated with a particular project are understood and captured.
Intellectual Property – it is potentially the most valuable asset… so protecting it is crucial through patents, confidentiality agreements, trademarks, rewards to “handcuff” key employees or “no compete” clauses in employee contracts.
Research and Development Tax Incentives – is your business eligible for this incentive?
Government Grants – there are many grants available particularly for emerging businesses.
Remote areas are no problem for our Virtual CFOs Australia Wide. Whether your business is in Mackay, Melbourne, Brisbane, Sydney, Perth, Newcastle or any regional area, we can provide an outsourced CFO service to meet your needs.
A CFO On-Call can work with your high tech business online when it makes sense and in person when you need it.
Managing the operational KPIs, understanding the financial numbers and controlling the direction of the business are key to success in the high risk, high reward world of high tech industries.
Benefits of working with a CFO for High Tech Businesses
Do you need greater certainty in the financial outcome? SMEs who could only dream of hiring a CFO are now able to take advantage of a CFO On Call.Contact Us
Simple, accurate and timely reports to guide you to the right decisions.
If your overall profit is made up of too many losers and not enough profitable lines you could be missing out.
‘Non financial’ information is what drives profit and Cash Flow results.
Analyse how things work and find ways to save time and money.
A Remote CFO is a corporate gun; an elite financial freelancer available 24/7 to meet any business’s needs as they arise. These CFOs engage with clients in the most effective way, accessing accounts and spreadsheets via cloud-based programs and dispensing their advice over video streaming services like Skype or WhatsApp, as well as in person. In this way, duplication is cut, along with transport costs and time spent travelling to and from face-to-face meetings.Read Case Studies
Good financial management doesn’t happen by accident, it requires organization and systemization, but it doesn’t need to be...Read Story