If it’s important to you to understand your financial position and know the numbers in your business, an...Read Story
You may be paying staff for say 38 hours per week, however you’re only able to bill out their time for a fraction of that time. They get involved in doing all kinds of other things that can’t be directly billed to clients.
The key to profitability is systems and processes to ensure staff are working on maximum billable activities. It’s not that staff don’t want to do this… it’s often the systems aren’t there to support them to achieve higher productivity.
The other big issue is understanding the ‘true cost’ of staff that needs to be covered by the charge out rate to clients. Also the rate needs to cover any fixed overheads… plus a profit. All of this can be tricky to work out and keep track of, if you don’t have good systems in place.
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 services business online when it makes sense and in person when you need it.
Just like any other business, service businesses rely on a good reputation, so tight systems that support staff to do the best job create a positive work environment, which leads to happy clients.
Benefits of working with a CFO for Service 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.
An Outsourced 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