A CFO is a full-service financial expert with the skills you need to make a difference in your profit improvement plan. And the benefits are HUGE…it’s not just the lower cost.
A CFO works with you to Identify Profit Centres, Identify issues leading to lack of sales, set up systems to track sales, Manage ‘non-financial’ KPIs that drive sales. They also act as sales improvement consultants, creating a profit improvement plan or sales improvement plan that works in tandem with your needs.
The goal of a CFO is to make your business strategies count! Working hand-in-hand with your needs, they can develop a plan that goes deeper than online guides or built-in metrics. Get your business set up alongside a vetted financial expert with years of experience, backed by hands-on knowledge of your field and industry. With access to your financial metrics and current KPIs, we have what it takes to exceed your expectations.
There are so many ways for sales improvement consultants to help or enhance your entire profit improvement plan. With the right team by your side, you can start to see incredible improvements in your sales improvement plan and beyond.
A few of the most notable of these benefits include:
Remote areas are no problem for our Virtual CFOs Australia-wide. Whether your business is in Mackay, Melbourne, Brisbane, Sydney, Perth, Adelaide, Newcastle or any regional area, we can provide an outsourced CFO service to meet your needs.
Unlike a consultant or sales rep, virtual CFOs are a combination of accounting pros, and sales improvement consultants. We have several decades of experience that bring value to SMEs and traditionally underserved businesses. Increase your cash flow and profit forecasts with a few simple calls to a dedicated expert.
A CFO On-Call can work with you online when it makes sense and in person when you need it. We make it easy to monitor and manage cash flow in a simple way, all without the added stressors of DIY finance or expensive mistakes. No travel costs, no hidden fees, and absolutely no unnecessary fluff.
Financial services where you need, when you need it — that’s the power of a CFO On-Call.
But if they’re not ‘profitable sales’ they will only lead to frustration and eventual cash flow problems. Anyone can make money — but using it in the most effective way for your business takes time, skill, and experience.
The key to making profitable sales is to balance charging the right price for your goods and services and managing the costs and overheads to ensure your revenue doesn’t disappear into other peoples’ pockets!
A virtual CFO in Australia has all the experience you need to grow, sustain, and profit from your business.
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.
From business cash flow management to better profit forecasting, the professionals at CFO On Call can help. Our trained Virtual CFOs are equipped with the tools and talent necessary to succeed in any industry. Leverage our CFOs as sales improvement consultants to create a personalised profit improvement plan, or instead lean on a sales improvement plan to make better decisions regarding your commercial financial future.
Contact us today to learn more about our virtual financial services for SMBs all over Australia.
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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 Virtual CFO for hire 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.
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Your business may also need a virtual CFO during periods of high growth and success. While an excess of cash is always a good thing, it can also be stressful and overwhelming. Virtual CFOs can provide you with a financial roadmap and sounding board to help you get where you need to go.”
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At the end of the day, CFOs can provide everything that accounting systems can and a whole lot more. Eliminate duplicate expenses with a virtual expert who can push tools to work in your favour without the threat of dropped details or missing information.
Getting started with a virtual CFO is one of the best ways to develop a long-term sales improvement plan. This means customised reporting and a properly set up chart of accounts in your system. A good CFO can easily set this up to give the best insight. Partner with a seasoned professional who can integrate with your current technology, and provide greater outcomes across the board.”
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Virtual CFO’s Australia Wide. Tell us about your financial challenges. We can talk by phone, online or in person.
Call 1300 36 24 36While you might be able to trust your accounting system for some financial reports, you can’t always rely on technology to provide key insights and catch human errors. Leaving your whole business at the mercy of a cookie-cutter strategy or software is simply not worth the risk. A single mistake could disrupt your entire cash flow, preventing you from making any tangible difference in your profits.
At the end of the day, CFOs can provide everything that accounting systems can and a whole lot more. Eliminate duplicate expenses with a virtual expert who can push tools to work in your favour without the threat of dropped details or missing information.
Getting started with a virtual CFO is one of the best ways to develop a long-term sales improvement plan. This means customised reporting and a properly set up chart of accounts in your system. A good CFO can easily set this up to give the best insight. Partner with a seasoned professional who can integrate with your current technology, and provide greater outcomes across the board.
Many business owners focus lots of attention on making sales. This is great, but if they’re not profitable sales, the benefit can be lost by the time any of it gets to the bottom line. Not enough focus is given to cost and overheads management. Often more focus on these can have a much bigger impact than selling more!
Sales can be increased by other methods than just selling more stuff to the same people. They can be increased by analysing competitor pricing and introducing regular price increases. They can be increased by proper calculation of markup and margin… a very common mistake that has a bad effect on not just sales but profit too.
‘Non Financial KPIs’ are vital to increased sales. A CFO can help you to determine what they should be and set up systems for tracking and reporting.
We often find money sitting in the wrong place i.e. not in business bank accounts. There are quite a few places it can be. We’re happy to discuss them with you and help you to move the funds more quickly into your business bank account, so that you can more easily pay all your expenses and grow your business more efficiently.
Increased sales are generally driven by a set of ‘non financial’ KPIs, such as marketing activity, leads generated, opportunities/appointments generated, sales conversion rate etc. Setting up the system for measuring, reporting and managing such KPIs is easy for a CFO who can set up the data capture method and formulas to calculate the KPIs.
It is never too early to consider partnering with a virtual CFO. However, there may be a few tell-tale signs that your business is in critical need of a financial professional.
A lack of straightforward financial information is one of the first signs that you may need outside help. Confusing or conflicting data may lead to restricted cash flow, making it more difficult to understand your current financial standing. If your current tech stack or in-house team is not enough to retrieve the numbers you need, you may want to consider hiring a long-term expert.
Your business may also need a virtual CFO during periods of high growth and success. While an excess of cash is always a good thing, it can also be stressful and overwhelming. Virtual CFOs can provide you with a financial roadmap and sounding board to help you get where you need to go.
Thanks to our CFO On-Call, Rangan Vaithi, for sharing this helpful article about Creating a Technology Roadmap. ...
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