Virtual Finance Director (VFD) Services
You and your team as your client’s financial guide acting as their Virtual Finance Department
Provide business owners what they are asking for by delivering ‘Finance-as-a-Service’ (FaaS) outsourced finance support solutions.
Your Virtual Finance Director (VFD) service will provide timely information and improve decision making. The VFD reporting suite includes everything you need.
Support throughout the business life cycle
Helps your client’s make sound financial decisions:
- Reporting
- Forecasting
- Loan / Funding Applications
- Cost Savings
- Cash Flow control
- Margin Analysis
- …
How to deliver your Virtual Finance director (VFD) service
Your Virtual Finance Director (VFD) service will provide timely information and improve decision making. The VFD reporting suite includes everything you need.
Skillset
Can you see into the future? This is what your client would hope for.
Becoming an integral part of your clients financial planning process is critical to your success. A ‘compliance’ mindset won’t do it. Your client facing team need to be comfortable having the sometimes tricky conversations.
Proposition
What problem are you solving and where will your clients see the real value?
How you package and price your services is critical to your success. Clients will pay for ‘value delivered’, you need to identify how you are going to stand out from the competition.
Acquisition
How do you know who is right for your new services?
A client segmentation and ‘gap analysis’ is critical to your success (and theirs). Identify those mostly likely to benefit from your new new services and use this to create case studies and referral opportunities.
What is a Virtual Finance Director?
A virtual finance director (VFD) is a financial expert who provides strategic financial advice to a company, but typically works remotely rather than being based in the company’s physical office. VFDs are often hired by small or medium sized SME businesses who require financial expertise, but may not have the resources or need for a full-time, in-house finance director.
A virtual finance director may provide a range of services to a company, such as financial planning and analysis, budgeting and forecasting, cash flow management, risk management, and financial reporting. They may also provide guidance on tax and regulatory compliance, fundraising, and mergers and acquisitions.
Virtual finance directors typically work on a flexible, part-time basis and use technology to communicate with their clients, such as video conferencing, email, and project management tools. This allows businesses to access high-level financial expertise without the need for a full-time, on-site employee.