CFO OUTSOURCED

Too often business owners spend too much time mastering the day-to-day details of their business, wear so many hats that it starts to blur their days - managing staff, marketing, promoting products and services, handling compliance, tax, cash flow, reporting and everything in between can quickly bog you down easily and lose sight of the bigger picture.


Unlike larger and well-established businesses where they are more resourceful and can afford to hire their own CFO in-house, SMEs struggle to address the issue of accessing experienced finance professionals on a relatively small budget.  Perhaps they don’t know if they can afford it, or simply ignore the issue until it’s too late.  

Business Meeting

SESSION 1 – PAIN POINTS

Too often business owners spend too much time mastering the day-to-day details of their business, wear so many hats that it starts to blur their days - managing staff, marketing, promoting products and services, handling compliance, tax, cash flow, reporting and everything in between can quickly bog you down easily and lose sight of the bigger picture.


Unlike larger and well-established businesses where they are more resourceful and can afford to hire their own CFO in-house, SMEs struggle to address the issue of accessing experienced finance professionals on a relatively small budget.  Perhaps they don’t know if they can afford it, or simply ignore the issue until it’s too late.  


The COVID-19 pandemic is a wake-up call to many SMEs where business model seems to be outdated overnight.  Instead of being proactive and be ahead of the game, many traditional businesses were caught off guard and too stunt to react to a crisis like this one.


Here are signs that your business may need a CFO if you:

  • Are bogged down in the day-to-day recovery post pandemic

  • Are having difficulties in your business as a result of a material change or shock

  • Lack crisis management skill

  • Have more work than you can keep up with

  • Feel out of control

  • Aren’t confident in your financial data

  • Lack contingency planning

  • Struggle to maintain cash flow

  • Are having a hard time funding growth

  • Want to supplement your existing finance team

  • Need to restructure your borrowing arrangements

  • Are having succession planning

  • Are seeking a more cost-effective solution to a full-time CFO

Business Meeting

SESSION 2 – SOLUTIONS

In an effort to simplify, you may consider hiring one well-rounded person to manage a host of financial tasks: taxation, compliance, reporting, accounting and strategy. But it’s rare to find one person who is competent in working across broad spectrum of functions. Even more critical, that single person may not have the skills and expertise to succeed in all of these areas.

As in many other industries, there’s a trend for finance professionals to specialize in meeting the needs of modern businesses. Many companies thrive when they find the just-right mix of financial expertise. But finding those experts can be challenging, and keeping them can be even harder.  Not to mention the time and money to be spent on head-hunting when budget is limited in difficult times.

To maximize your business position, our CFOutsourced unburden you from time-consuming financial duties and allow you to focus on the activities that will grow your business and core competence.


From cash flow management and reporting to business planning and technology solutions, our business experts can ease your daily struggles and guide you and your team to where you want to go.


We make it our business to understand you. To help you create your vision, grow it, focus and manage what matters while always protecting your important assets. No fancy surprises, just down-to-earth advice and a pragmatic approach with


  • on-demand accessibility,

  • active support,

  • growth focused,

  • forward thinking and

  • diverse strategies.

CFO and FC.jpg

SESSION 3 – ROLE DIFFERENTIATION

You may already have great accounting staff in place and wonder what a CFO could add to the mix. Simply put, while proper accounting is essential for making sure you’re compliant and keeping operations running, a CFO will strategize, analyze and provide accountability to guide and support your course and help you grow.
In the financial realm, accountants take care of the past, balancing books, reporting results and filing taxes. CFOs manage the company’s future, creating strategies, forecasts and pathways to achieve future goals.
Both roles are essential to a company’s success, and they don’t have to conflict or compete with one another. In fact, accountants and CFOs complement each other, and when they work well together, they’re a dream team.
While CFOs and accountants may overlap in some of their skills, they generally spend their time differently and play different roles within a company.

Bussinessman in Modern Office

SESSION 4 – READY TO GO?

CFOutsourced offers an external opinion, from an unbiased position backed by industry experience and knowledge. Looking at the bigger picture, rather than the granular financial data,  CFOutsourced could be exactly what you are missing and help you to understand why your business is not achieving its financial targets or goals.
If you’ve had a competent, reliable accounting team within your company smoothly handling the day-to-day, you may feel ready for growth. This is the perfect time to bring on an outsourced CFO.
A CFO is the secret weapon and you can access CFO-level expertise at a budget you can afford.
To learn more about our CFOutsourced services, fill in the form here so that we can know you better and be more productive even in our first consultation meeting with one of our business experts. In our professional space, we’ve helped many SMEs to realize their goals, and we’d want to help you too.

Brainstorming

SESSION 5 – FORM

Fill in the Form for Us to Understand Your Business: CLICK HERE

 

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