Having a Virtual CFO in place will ensure that your financial processes are watertight to ensure complete control. Direct Peak virtual cfo services provide your business with a complete financial health check.
Financial strategies will be used to increase profitability and cash. Your Virtual CFO will build financial models to ensure the business can scale sustainably.
Virtual CFO Services:
Annual Budgets & Forecasts
From £ 2,500+ VAT Per YearA 3-way forecast to give your roadmap complete financial clarity.
Our forecasts will include:
✔ 12-month projection (longer available if needed)
✔ Detailed Profit & loss, Balance Sheet and Cash Flow
✔ What-if scenarios (If required)
Monthly CFO Support
£ 150+ VAT Per Hour (minimum of 3 hours per month)Ongoing CFO support for your business.
Our services can include:
✔ Maintain cash flow forecasts, budgets and financial forecasts
✔ Analyse “What if” scenarios in your financial forecast
✔ Review financial processes
✔ Attend board meetings
✔ Perform strategic financial analysis
✔ Raise finance
Looking for business Virtual CFO services
Why Direct Peak as your Virtual CFO?
Over 10 years of experience
Experience with business acquisition, sales and mergers
Helped businesses to scale exponentially
Experts at raising finance
Using Virtual CFO Services can be beneficial to businesses looking to grow in several ways, including:
Overall, using a Virtual CFO can provide businesses with the financial expertise needed to achieve their growth goals, without the cost and commitment of hiring a full-time CFO.
Click here for pricing on other services
Direct Peak Resources
FREE resources to help you run your business.
Benefits of employing a Virtual CFO Services
Employing a Virtual Chief Finance Officer (VCFO) can offer several valuable benefits to a small or medium-sized enterprise (SME). First and foremost, cost-effectiveness is a significant advantage. SMEs often face budget constraints and may find it financially challenging to hire a full-time, in-house Chief Finance Officer (CFO). By opting for a VCFO, the company can access high-level financial expertise and strategic guidance without the substantial costs associated with a permanent executive position.
Furthermore, a VCFO like Karl Newman can provide a fresh and objective perspective on the financial operations of the business. Being an external resource, they can offer unbiased insights and recommendations based on their broad experience with various organisations. This impartial viewpoint can be invaluable in identifying areas for improvement, implementing best practices, and making sound financial decisions that align with the company’s goals and objectives.
In addition, a VCFO brings a wealth of experience and expertise to the table. They typically have a diverse background working with different industries and businesses, enabling them to offer tailored solutions and strategies to address specific financial challenges unique to an SME. This expertise can encompass financial planning and analysis, cash flow management, risk assessment, budgeting, and more, ensuring that the financial operations of the SME are handled adeptly.
Collaborating with a VCFO can enhance operational efficiency within the organisation. They can streamline financial processes, optimise workflows, and implement efficient financial systems and tools. This can result in improved accuracy, timeliness, and transparency of financial reporting, which is crucial for informed decision-making and building trust with stakeholders.
Moreover, a VCFO can contribute to long-term strategic planning for the SME. They can assist in developing a comprehensive financial strategy that aligns with the company’s growth objectives, helping to drive sustainable growth and competitiveness in the market. Their ability to analyse financial data and trends equips the organisation with the necessary insights to make proactive and informed business decisions that positively impact profitability and sustainability.
Lastly, engaging a VCFO allows an SME to remain flexible and agile. The virtual nature of their role allows for scalability and adaptability to the changing needs of the business. As the SME grows or encounters shifts in its financial requirements, the VCFO’s engagement can be adjusted accordingly, ensuring that the organisation receives the appropriate level of financial guidance and support throughout its journey.
Employing a Virtual Chief Finance Officer can empower SMEs by providing cost-effective access to high-level financial expertise, offering an unbiased perspective, leveraging extensive experience and expertise, enhancing operational efficiency, aiding in strategic planning, and allowing for flexibility and scalability in financial management.