What is a VCFO and does your business need one?

Businessman, business owner, staff member works on laptop at wooden desk with books, plants, coffee cup, notepads to consider if business needs VCFO #business

A VCFO will discuss your goals for the year with you and give you a snapshot of where you are now. Not knowing where you are going or when you’ll reach the finish line is stressful. Like a personal trainer, a VCFO will guide you through the unknown, making your path clear and predictable.

While you’re working together to plan and budget for your business for this, it’s ultimately up to you to achieve your goals.

VCFOs are focused on helping your cash grow, and listen to how you want it to be achieved. They’ll also help you Forecast for the following 12 months. Calculating how to add value to your business, working to manage your costs and improve your margins, Futrli is software, a sounding board and advice all in one.

Is it worth it?

There’s a whole host of benefits to having a VCFO. Take a look below at some key reasons to consider hiring one:

  • They’re affordable. You can use them as often or as little as you want. They work remotely so you’ll also save on desk space and office equipment
  • Cloud-based data storage is secure and instantly accessible. This makes for a quick, precise and real-time experience
  • They’ll bring more knowledge to the table than your average CFO. They’ve likely worked with a variety of businesses and industries, so have seen first hand what works
  • They’re on-call and ready to help when you need it – and won’t bother you when you don’t need it!

You’re the expert when it comes to your business. While you can manage your figures, there are many much more pressing jobs on your to do list. A VCFO/Management Accountant is there to ask you the tough questions about your business. You’re accountable for your business – nobody else. There’s help at hand so take advantage.

Rather than using spreadsheets, our VCFOs are unlocking the power of Futrli to drive your business forward and raise investment on your behalf. Signing up will give you the option to speak with one of our team, who will get to know your business and share a Business Health Check with you so you know exactly where you stand. It’ll give you a better understanding of where your business is today and how you can maximise opportunities, or avoid any threats. Be prepared for questions – they’ll need to measure up before they can help execute your plan.

We can help to construct a 3-way financial forecast, this is the most effective way to understand the direction your business is taking. Our VCFOs can help source finance for your business and act as your advisor during the process. If you’re looking to expand, they’re right there to help with your planning. They’ll help you use Futrli as a strategic tool to attain your financial objectives.

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