Over the years, the role of the Chief Financial Officer (CFO) has evolved well beyond the numbers. From managing a company’s finances to strategic business planning, the CFO has become a key player in a company’s success. But what about their role within the SME? Is it important for an SME to have a CFO?
The role of the Chief Financial Officer is to analyze the financial health of a business and assess its financing and cash flow requirements. They also evaluate processes and information systems to advise executives on the best tools to adopt to optimize the overall performance of the operations. The CFO therefore occupies a strategic position within a company, regardless of its size.
Since the costs associated with an experienced CFO are very high and represent a good portion of an SME’s payroll, it is quite normal for a leader to consider how to take full advantage of a CFO without “breaking the bank”.
A Virtual CFO: An Affordable Alternative
A virtual CFO can be the solution. Providing exactly the same services as a full-time CFO, a virtual CFO is a part-time advisor or subcontractor that allows any company to have better control over its finances – the financial link between the business owner and the numbers.
Virtual CFO: When You Need It & How You Need It
The benefits of a virtual CFO are not only evaluated in relation to the cost savings it represents, but also in relation to the variety and adaptability of the services it can offer to an SME. Namely, a Pvisio Virtual CFO offers customized service packages according to the company and its needs. They can intervene at any time for specific projects or as a full member of the management committee of the company.
A Virtual VCFO: Your Business Advisor
To maximize business efficiency and profitability, VCFOs use a variety of digital tools. They also support business owners and executives by translating data into information so that they can make informed decisions. As a business advisor, they are also able to evaluate the various solutions that a company should implement to improve the efficiency of its various departments including working with professionals in human resources and organizational transformation to take charge of all operational aspects of the business. This allows leaders to focus on growing their business.