PremierOne

Expert Virtual CFO Services for Businesses

PremierOne offers specialised Virtual CFO services designed to empower and medium-sized businesses with strategic financial guidance. While every company can benefit from the high-level strategy, operational fine-tuning, expertise and business contacts of a CFO, not every company can afford a full-time CFO. 

An in-house hire typically requires an annual salary plus benefits which, for a C-suite executive, can be cost-prohibitive. Especially when you factor in annual raises. And even if you manage to find an affordable CFO, they may lack the experience required for the role. That’s where a virtual CFO comes into the picture.

What is a Virtual CFO?

Virtual chief financial officers (CFOs) are financial experts who provide CFO services on a part-time or project basis. When you hire a virtual or outsourced CFO, you only pay for the work you need. Thus you can enjoy the services of an experienced financial expert for a much lower monthly cost and without the requirement of benefits or annual raises.

In addition, you can choose to partner with a CFO who has extensive experience relating to your specific business challenges. Choose PremierOne’s outsourced CFO services to benefit from the skills of a seasoned professional at a lower cost and achieve your growth goals. 

Why Should you choose PremierOne’s Virtual CFO Services?
Unlock Financial Excellence with our Expert Guidance

  • Strategic Financial Planning: Our Virtual CFOs work closely with you to develop a comprehensive financial plan that aligns with your business objectives. With our strategic financial planning, we help you create a roadmap for sustainable growth and profitability.
  • Financial Analysis and Reporting: Our team provides in-depth financial analysis, generating meaningful reports and key performance indicators (KPIs) to track your business’s financial health. We interpret the data, identify trends, and offer valuable insights to drive informed decision-making. Our Virtual CFOs collaborate with you to optimise cash flow, manage costs and enhance financial performance.
  • Budgeting and Forecasting: We assist in developing accurate budgets and forecasts, empowering you to make proactive financial decisions. Our Virtual CFOs analyse market conditions, evaluate risks and create realistic financial projections. By monitoring variances and adjusting strategies as needed, we help you stay on track and achieve your financial goals.
  • Capital and Investment Advisory: Making sound investment decisions is vital for business growth. Our Virtual CFO services provide expert advice on capital allocation, investment opportunities, and financing options. We evaluate the financial viability of potential projects, conduct risk assessments, and guide you in making informed investment choices.
  • Board and Stakeholder Reporting: Clear and concise communication with your stakeholders is essential for building trust and securing support. Our Virtual CFOs prepare professional board-level reports and presentations, ensuring that your financial information is effectively communicated to stakeholders, investors, and lenders.
  • Business Growth Strategies: Our Virtual CFO acts as a trusted advisor, offering insights and expertise to support your business growth. We assist in mergers and acquisitions, market expansion, strategic partnerships, and other growth initiatives, providing guidance on financial implications and risks. 

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Virtual CFO - FAQs

  • What is a virtual CFO’s role in a growing organisation?

    If you are adding new products or expanding into new markets a virtual CFO can advise on strategy. They can also assist in cost management, risk analysis and maximising margins. 

  • Can a virtual CFO help resolve specific financial challenges?

    A virtual CFO has most likely solved challenges like yours before. They have experience designing and implementing realistic, long-term change.

  • Can a virtual CFO help with raising debt or equity capital?

    A virtual CFO can help with raising capital by providing strategy, assisting in due diligence, attending meetings to establish expertise, advising on the right combination of debt and equity financing and negotiating term sheets. 

  • Can a virtual CFO help to maximise margins?

    Virtual CFOs can help maximise margins by analysing current costs and pricing structures. Our Virtual CFOs can analyse your current financial documents to determine improvements that can be made and to help execute those improvements. 

  • Can a virtual CFO help to scale systems?

    Virtual CFOs can help scale systems to handle growth and added complexity, including financial, sales, operational or business systems. They can also make recommendations regarding new or improved systems that may be required.

  • Can we resolve the need for an interim CFO with virtual CFO?

    If an organisation is currently between CFOs, or still determining whether a full-time CFO can benefit their company, they may hire a virtual interim CFO to manage financial strategy  in the meantime. 

  • Should you consult with an external Accountant or Bookkeeper?
    Some organizations may have an in-house Accountant/Bookkeeper, but that they may not have experience overcoming a particular challenge or achieving a particular goal (such as systems design, raising capital, etc.). A Virtual CFO may consult with or advise the existing Accountant to elevate the performance of their financial team, elevate overall financial strategy, and transfer valuable skills.
  • Can a virtual CFO provide a financial forecast?

    Yes. Our virtual CFOs have extensive experience in forecasting and can provide a detailed forecast based on your long-term goals. 

  • Is a virtual CFO necessary for small businesses?

    As a company begins to grow, the need for financial planning also arises. A virtual CEO allows you to access high-calibre talent without the price-tag of an in-house hire.

  • What services are offered by PremierOne virtual CFOs?

    Our virtual CFO’s will oversee your current bookkeeping and controller staff to ensure all procedures are optimum. They also present accurate financials and ensure you are using the correct and most up-to-date financial software to best operate your business. 

  • In which locations does PremierOne provide virtual CFO services?

    Though we are located in Melbourne, we offer virtual CEO services throughout Australia.

  • Are your Virtual CFO services scalable?
    Yes. Our Virtual Services are aimed at small and medium sized companies who are expected to grow under the guidence and support of our virtual cfo’s. Hence, all our virtual cfo offerings are scalable in nature.
  • What type of industries does your virtual cfo’s specialize in?
    Our Virtual CFO’s are specialized across multiple domains and businesses. Contact us to know how our CFO’s could help you with your business.
  • How long do you typically work with clients?
    Our Virtual CFO’s typically work with our clients for their lifetime.
  • What should we look for in a Virtual CFO?
    A Virtual CFO brings in a lot of value to the company, more than any accountant or bookkeeper. They are considered to be a part of your team to provide financial forecast and guidance.
  • How m any hours do virtual CFO’s work?
    The amount of time spent by Virtual CFO’s differs from client to client. However, they are expected to work for long hours.
  • What values does Virtual CFO’s Add?
    Some of the key values brought by the Virtual CFO’s to the companies are
    • Driving Financial Strategy
    • Establishing Financial Visibility
    • Creating Financial Forecasting
    • Increasing Profit Margin
    • Improving Cash Flow
    • Raising Capital
    • Product Line Optimization
  • What is the cost of virtual CFO Services with Premierone?
    The Cost of Virtual CFO Services differs based on various aspects for each client. However, Premierone provides Virtual cfo services at most affordable pricing to all our clients.
  • Do you offer virtual CFO services for small businesses?
    Yes. We offer virtual CFO services from small to medium sized enterprises across Australia.
  • What is the difference between a controller and cfo?
    A Controller is responsible for compliance and reporting of an organization while a CFO is responsible for all financial tasks namely planning, forecasting and analysis
  • What is the experience of your Virtual CFO’s?
    The experience of Virtual CFO’s at premierone ranges from 10 to 40 years.
  

Clients love our exceptional Business Accounting Service!

Good Expertise on tax laws in Australia Maru's expertise helped cleared a lot of my questions and his patience ensured I understood the concepts and tax laws.

Jaidyn Lai

Best Tax accountant near me Mr.Maru was extremely thorough with the entire tax return process and ran me through all the requirements. He made sure I received all my entitled returns for the tax period. Will definitely be doing my taxes with Premierone Accounting in the upcoming financial years :))

Jayabharathi Prabakar

Informative and friendly tax accountant near me in Australia Mr. Maru was very helpful, informative and friendly throughout the whole process. Any questions asked very answered thoroughly and my needs were processed very efficiently. Thank you!

Kapila Prabakar

Premierone - Best Concern for tax returns near Melbourne Excellent communication from the team at PremierOne Tax and Accounting when preparing my Tax Return this year.

A V

Helpful in tax returns. Got highest amount back. PremierOne was very helpful in getting my tax returns done very quickly and got the highest amount back as well they are the best.

Actavia Heath

Highly recommend for tax accounting services after second time tax filing This is the second time I have filed my tax returns through Premiere One. Maru is prompt, friendly and supportive. He goes through our documents in detail and ensures the tax returns are filed without any further hassle. Highly recommend!

Raja Koushik

Professional tax expert near melbourne - Recommended for tax and accounting services in Australia I recently lodged my tax returns with Maru. He is professional and knows what he does! Would definitely recommend him for any tax and accounting services. Thanks Maru for your efforts!!

Priya Sathish

Highly recommend for tax return in melbourne. It was very easy and quick for our first visit, I will be going back for my next tax return, I highly recommend, see you soon. thanks for your help and advise. Thanks again Mr. Maru, Keep it up.

Deleela Arul

Appreciate PremierOne team for awesome tax work. They are the Perfect Tax Agent near Melbourne. A perfect and awesome tax agent.. my messy job was complete with fast and unexpected time... good job PremierOne Team. A million thanx and Appreciate.

Francis LEE

Meet Our Team

Maru Natarajan

Managing Director

Maree Hamilton

Tax Accountant

Hirusha Jayasekara

Aged Care Accountant

Fransisco Silva

On-Call / Virtual CFO

Rohit Maru

JR Accountant

Charitha Ranasinghe

Manager - Client Services

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