Updated: Sep 8, 2020
1. What would a Virtual CFO do for my company?
It depends on the company’s needs. The correct answer is that which your own CFO or controller would do. The difference is that we have more experience and expertise on which to draw, and we only charge you when we are there for you.
2. Does “virtual” mean that Virtual CFOs are only available online or over the phone? What if I need someone onsite?
In Virtual CFOs the word “virtual” means that we are not full-time employees but we are very real. We work onsite as well as remotely, depending on where we can be most effective.
3. Why do I need a Virtual CFO if I have a Public Accountant?
Virtual CFOs are professionals & having vast knowledge about financial management. The Public Accountants are professionals in taxes, auditing & financial statement preparation.
4. What is the difference between a Virtual CFO, a part time CFO, a fractional CFO, and a financial management consultant?
These are used to describe about highly skilled financial professional who can provide a company with their financial expertise and leadership that they would not have unless they had a full time CFO.
5. Why do I need a Virtual CFO if my company has a controller?
You most probably do not need a Virtual CFO if your controller: gives you with timely, accurate financial and operational information about your business; is the person you trust to help you create and update your strategic plans; can help you assess your organizational efficiency; is helping you lead your company to the next level; has assembled a talented and professional accounting staff; can put together a financial package, effectively present it to your banker, and get the financing you need. If your controller cannot do these things, a Virtual CFO can.
6. What if I don’t think I need a Virtual CFO every week? What if I just have a project I need completed?
Virtual CFOs will complete the projects but your staff cannot.
7. Is having a Virtual CFO expensive?
The idea of having a Virtual CFO for your company only uses him for things that do not occur on every day basis . Your staff is able to handle day-to-day activity. (you can See our list of services that we provides on this website for areas in which your Virtual CFO can be used most effectively. For these specific areas you should be looking for quality financial management, not quantity. Important decision based on the right information can make all the difference for your organization) A Virtual CFO only works for you when you need him.
Entrepreneurly.in offers Virtual CFO, Interim CFO and Shared CFO services along with complete financial and legal support for New and Old Businesses at Customer friendly Budgets and our team is well equipped with complete legal and financial knowledge to help Businesses in such Dynamic and Challenging times. We know how to customize our solutions as per the clients requirements and maintain complete transparency and confidentiality in doing so.