Small to medium-sized businesses can greatly benefit from the expertise of a CFO, just without the commitment and cost of hiring someone in-house full time. It’s called a virtual CFO, and it allows your business to benefit from the same expertise, analysis, judgement and insight that is available to much larger companies at a fraction of the cost. Here’s why you should consider engaging a Kendons vCFO for your business…
Receive the expertise needed to succeed
Kendons vCFO’s are problem solvers, risk managers, analysts and forward thinkers — they possess the skills and expertise that are needed to take your business to the next level. A vCFO can help with a wide range of areas, including:
- Assessing and reviewing your current business’ performance
- Strategic planning, budgeting and forecasting
- Financial reporting
- Providing financial insight on all decision making
- Bringing a greater level of governance
- Acting as an independent advisor and sounding board
These are all necessary in order for your business to continue to grow and succeed in the long term — a vCFO can provide the knowledge to get you where you want to be.
Get an objective point of view
A vCFO is not an employee of your company — they’re employed by Kendons. Because of this, they have an independent perspective and are solely focused on improving the performance of your business. That’s not to say that an in-house CFO doesn’t do that, but rather that a vCFO is contracted to explicitly help you explore all viable options without having any ties to the business itself. This is incredibly valuable, as that objectivity can have the potential to get lost in the employer/employee relationship when done in-house.
A cost-effective option
The specialist knowledge and expertise of a CFO might seem inaccessible to SME’s, but it really isn’t. When it comes to partnering with a Kendons vCFO, you pay for what you use — there are no other ongoing costs that are associated with hiring someone full time. Although it might just seem like an additional expense, choosing to work with a Kendons vCFO will place you in a better financial position long term — after all, that’s what they’re there for. The Kendons expertise will only ever be a phone call away!
A vCFO can be a game changer for your business. You receive all the expertise of a CFO, but from someone with an independent perspective at a cost-effective rate — it almost sounds too good to be true. At Kendons, our vCFO will partner with you; we want to work with you proactively to set your business up for success. We’re on your team! To find out how our vCFO service can work for you, please get in touch via info@kendons.co.nz.