What's included in virtual cfo services? why is it a growing trend?

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Now more than ever, startups and corporates are looking for ways to run lean. There is pressure to make cuts to staff and outsource when possible, and this has led to a trend of hiring virtual CFO services over the more traditional in-house full-time chief financial officer (CFO). Written by Dave Robinson.

You, your board and your investors are probably asking some questions like:

  • How do we run on as little executive overhead as possible without missing out on making the right decisions?
  • What services do virtual CFOs offer and what will we need to find elsewhere?
  • How does working with a virtual CFO actually happen? How often will they be available? How will they deliver reports?
  • And, of course, How much do part-time CFOs cost?

The artticle covers some of the more specific deliverables, and captures some of the broader benefits of virtual CFO services. A CFO can identify and manage bookkeeper/controller to produce reliable data and interpret the results, providing insight to help steer the ship toward your stated goals. Nice read!

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