It takes a company with the right combination of skills and experience that can help you with your outsourcing needs. However, it is possible to find a company who offers solutions to your virtual needs. They are able to help both early-stage and mature companies, and only for the amount of time you need. It can help you with your accounting, outsourcing, controller as well as virtual CFO services and part-time CFO consulting services. All of these services include deliverables that can help you with your business requirements.
The main deliverables
First of all, you will receive assistance in the accounting division, which will include month end accounting, revenue accounting, equity tracking system, GAAP implementations and procedure manuals. Additionally, virtual CFO services can provide you with fixed assets tracking, audit support and preparation, tax filing support, and sales tax compliance. Moreover, you will receive assistance with sales tax audit support, checks and accounts payable, billing and invoicing and A/R collections. In the reporting division, there will be assistance with board packages, management reports, company dashboard, company metrics, and variance analysis reporting. You will also get help with waterfall tracking, cash burn analysis, GAAP financial statements, SEC reporting, and SEC filings such as S-1, 10-K, 10-Q and GAAP compliance. Capitalization table and options management are also part of this deliverable.
The last division in this area for business process outsourcing is finance support. You will receive help with business modeling, financial budgeting, financial forecasts, stock option administration, as well as negotiating lines of credit. CFO specialists can work towards negotiating growth, AR lines, negotiating equipment financing and internal audits and controls. Furthermore, it is also part of the virtual CFO services to help you with 409A evaluation reviews, cash investment assessment, and cash management policies. In addition, you will also get help in managing bank relationships and managing audit relationships.
Human services and Special Projects Services
Virtual CFO services include financial management, operating financial plans, strategic business plans, revenue recognition strategy, profit improvement plans, and investor management. They can also provide help with licensing agreements, performance benchmarking, capital sourcing and execution, venture capital financings and private equity financings. Investor presentations, IPO preparation, bridge loans, accounts receivable, equipment financing are part of this deliverable as well. The exit strategies that are implemented in this deliverable are mergers and acquisitions, s-1 filings, restructurings and asset sales. Moreover, turnarounds and workouts, wind downs and dissolutions and liquidations and ABC’s are implemented in strategic planning.
Furthermore, do not underestimate the power of your employees. In order to keep them, you have to consider the administration and regulations that comes with it. Virtual CFO services can help you with this, so you can focus on your company. For example, the services include hiring, salary and benefits and new hiring requirements such as job descriptions and payroll setup and processing. If you are need of any assistance with special projects, there are part-time CFO professionals who can provide structure to your company’s growth. They will be able to help you in the areas of facilities, IT implementation and exit strategies. For example, real estate leases, define systems and project management are part of this deliverable. These services can help you succeed and become a thriving company, by saving you time and money.