Take your business to new heights!
Work with a dedicated Virtual CFO to accelerate growth and take your business to the next level. We’ll help you manage cash flows and create strong efficiencies in your business processes. We bridge the gap between your accounting and business strategy. We help you distill your vision into measurable goals.
What is a Virtual CFO?
Also called 'Outsourced/Fractional CFO'. Our Virtual CFOs provide hands-on strategic and proactive financial management services including timely and accurate reporting, annual business planning, strategic planning, budgeting, forecasting, companywide KPIs, and more, all at a fraction of the cost of a full-time CFO.
Benefits of Virtual CFO Services
Achieve Strategic Growth
Access Diverse Experience
Achieve Strategic Growth
We help your business improve and grow. Our Virtual CFOs help you focus on growth. Whether you’re looking for help in day-to-day accounting or the support of a proactive and strategic CFO, we work with you to reach your financial goals with our customer-focused process. Our clients frequently comment that we drive change and rapid results!
Have Flexibility
Access Diverse Experience
Achieve Strategic Growth
Our service model gives you the flexibility to scale up or scale down our involvement based on the shifting demands of your business. This results in a cost-effective catered solution that makes sense for businesses of any size. Accordingly, the cost of Virtual CFO service will match the deliverables that your business requires, therefore you pay only for what you need.
Access Diverse Experience
Access Diverse Experience
Access Diverse Experience
Our Virtual CFOs are well-equipped to face nearly any issue that your business has because we have served different clients from various industries. Our CFOs have extensive global experience delivering results, leading bold transformations and resolving complex financial challenges. They have honed critical expertise that businesses can benefit from to achieve rapid results.
Capture Cost-Savings
Make Informed Decisions
Access Diverse Experience
Finding a qualified CFO is costly. The salary and benefits year-after-year can be prohibitively expensive for many small-to-medium sized businesses. Our value-based fixed fee eases the cost burden while not compromising on deliverables and quality.
Monitor Performance
Make Informed Decisions
Make Informed Decisions
Your company’s performance changes over time. With a budget, regular variance analysis and continuous attention to financial performance, you can accelerate company growth.
Make Informed Decisions
Make Informed Decisions
Make Informed Decisions
With a detailed view of your company’s performance, you can set a strategic direction that maximizes returns and growth potential.
Minimize Risks
Value Your Business
Manage Cash Flow
Make critical decisions with a solid grasp of your company’s financial position.
Manage Cash Flow
Value Your Business
Manage Cash Flow
With an operating budget and financial forecast, you can allocate income, pay obligations on time, and predict your cash position far into the future.
Value Your Business
Value Your Business
Value Your Business
Determine your company’s value based on free cash flow projections. Prepare for a sale, restructuring or benchmark competitive performance.
Features of our CFO service
1 - Financial Statements Preparation
1 - Financial Statements Preparation
1 - Financial Statements Preparation
Use financial statements to spot trends, growth opportunities, and risks. We prepare balance sheets, income statements, statements of cash flows, and budget variance reports.
2 - Annual Budget Development
1 - Financial Statements Preparation
1 - Financial Statements Preparation
We forecast your projected expenses and income for the next 12 months. The output includes cash flow statements, balance sheets and projected expenses. We give you a large-scale view of where your business is headed. You’ll see when and how you can develop your company in new ways.
3- Cash Flow Management
1 - Financial Statements Preparation
4- Financial Modeling & Projections
We carefully track the funds that go in and out of your business and forecast future cash flows. This way we help you maintain enough cash to operate and plan for future payment.
4- Financial Modeling & Projections
4- Financial Modeling & Projections
4- Financial Modeling & Projections
We use your company’s historical data to model scenarios that could arise from future decisions, such as changes in product pricing, new hires, or a new location.
5 - Dashboards & KPIs
4- Financial Modeling & Projections
5 - Dashboards & KPIs
Key Performance Indicators or (KPls) help you monitor key metrics in your business. We set up KPI tracking using visualization and reporting dashboards. We then meet with you regularly to review insights and implications.
6- Financial Strategy
4- Financial Modeling & Projections
5 - Dashboards & KPIs
Benefit from the expertise of a CFO without paying a full-time salary. We bring you a CFO on a part-time basis to oversee your financial strategy and manage special projects tailored to your company’s goals.
Our Virtual CFO Service may be a perfect fit for you if you:
Growth Agenda
Sophistication
Sophistication
Have a growth trajectory business.
Sophistication
Sophistication
Sophistication
Have a sophistication in employees, product, revenue streams = more decisions to be made.
Revenue
Sophistication
Owner Alignment
Have annual revenues between $3 to $75 million.
Owner Alignment
Management Structure
Owner Alignment
Have bought into long-term strategy and need structured approach and plan to scale.
Management Structure
Management Structure
Management Structure
Able to hold various stakeholders accountable to achieve the plan.
Fixed Rate
Management Structure
Management Structure
Need affordable strategic support without an on-site CFO, on a daily basis.
Our 4-step Client Assessments process
1. Initial Scope Conversation
1. Initial Scope Conversation
1. Initial Scope Conversation
This is the first interaction with a prospective client, which could be over a video call, an in-person conversation, or communication via email. Typically, this time is spent getting to know our client, asking basic questions about the business, and what they are looking for in an Virtual CFO partner.
2. Info / Data Request
1. Initial Scope Conversation
1. Initial Scope Conversation
Going deeper in information gathering by requesting both qualitative and quantitative information from the prospective client about the current operations, getting to understand the pain points, and where they think they need help.
3. Complete Analysis
4. Proposal Walkthrough
4. Proposal Walkthrough
This depends on what we receive in step 2 but typically includes an analysis of what was received to identify any insights we can provide up-front, and overall determine if a Virtual CFO service is a good fit for the prospective client.
4. Proposal Walkthrough
4. Proposal Walkthrough
4. Proposal Walkthrough
Taking the prospective client through a proposal that outlines how we can help, the value that we bring, and how much it will cost.
Our 4-step Onboarding Process to Virtual CFO Service
1. Launch
1. Launch
1. Launch
This is our discovery process where we clean
up historical records and connect our client's accounting
systems to our financial planning platform.
2. Build
1. Launch
1. Launch
We create an annual operating plan and budget for our clients and establish regular reports to assess how our clients are doing against their budget and goals.
3. Visualize
3. Visualize
3. Visualize
We develop dashboards and forecasts that show how our clients are pacing against their key performance indicators (KPls). These are useful for visualizing and measuring clients' progress towards their goals.
4. Scale
3. Visualize
3. Visualize
We develop growth strategies and models to help our clients plan for different scenarios. Our clients will have reliable information to make informed decisions about the future.
What is included in our Virtual CFO packages?
3 different service levels at a fixed price
TRANSACTIONAL
Reactive
- Bookkeeping
- Transaction Review
- Month-End Close
- Financial Statements
- 1 meeting per month
CONTROLLER
Proactive
Transactional package +:
- Annual Budget
- Month-End Close
- Revenue Recognition
- Financial Statements
- Budget-to-Actual Reporting
- Variance Analysis
- Dashboards + KPIs
- Quarterly Forecasting
- 2 meetings per month
CFO
Strategic
Controller package +:
- Strategic Planning
- Annual Budget
- Sales Planning
- Resource Planning
- Month-End Close
- Revenue Recognition
- Financial Statements
- Budget-to-Actual Reporting
- Variance Analysis
- Dashboards + KPIs
- 12-Month Forecasting
- Incentive Plans
- Performance by Project
- Performance by Department
- Bank Relationships
- 4 meetings per month
- Director Meeting
ADD-ON SERVICES
The following optional services can be added to any of our 3 service levels:
Paying Bills (Accounts Payable "A/P" automation)
Invoicing Clients (Accounts Receivable "A/R" automation)
Payroll Processing & Management
Cash Flow Management
Employee Expense automation & management
Personal Tax Returns
Corporate Tax Returns
Raising Capital
M&A and Due Diligence Support
Let's Talk
Wefinx Virtual CFOs do all of the above and more. We partner with business leaders who rely on us for setting goals, understanding how their businesses perform against those goals, and making strategic financial decisions with the future in mind. Schedule your CFO Consultation to learn more.
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