Virtual CFO Services in Melbourne
Our Virtual CFOs are financial experts who provide CFO services on a part-time or project basis, and cover a range of service offerings including:
- Strategic financial advice
- Business and profitability reviews
- Cash flow reviews
- Financial forecasts
- Management accounts,
- System process reviews
- Human resources and IT oversight, and
- Risk management.
PremierOne offers Virtual CFO services to Small and Medium Enterprises across Australia, and we have a highly successful track record with numerous clients.
We are Float certified!
PremierOne has partnered with Float to offer cash flow forecasting as part of our Virtual CFO service. We are Float-certified and will assist you to implement and monitor your cash flow on an ongoing basis. Float connects into your cloud accounting software and combines your data with your predictions to produce a powerful, real-time forecast of your future cash position in the next days, weeks and months.
- Strategic Financial Guidance
- Best for Startups and Growing Small Businesses
- Accurate Cashflow Forecast
- Support that suits your budget
- No lock ins or surprises
Why hire a Virtual CFO over an In-House CFO?
While every company can benefit from the high-level strategy, operational fine-tuning, expertise, and business contacts of a CFO, not every company is in a position to hire a full-time CFO onto their team. An in-house hire typically means an annual salary plus benefits which, for a C-Suite executive can often be cost-prohibitive, especially when you consider annual raises. To hire an affordable CFO, many organizations have to sacrifice experience level to make a practical hire. When you hire a Virtual CFO, however, your dollar “goes farther” since you’re essentially “sharing” the CFO and only paying for the time and expertise you require.
For a lower monthly cost and without benefits or annually raises, you can hire a Virtual CFO with extensive experience. You can also partner with a CFO who has specific experience in whatever challenge you may be facing at a given time. In general, Virtual CFOs tend to have a wide range of the project, company size, and industry experience. They have often seen companies like yours before and overcome challenges—this means you have a seasoned pro at your side to help you achieve your growth goals.
PremierOne is proud to extend it’s top-notch Virtual CFO services to the small and medium enterprises in Melbourne in particular and Australia in General.
Why should your Organization hire a Virtual CFO?
Currently undergoing growth such as adding new products or expanding into new markets? A Virtual CFO may have experience with similar products, markets, or industry and can advise on strategy. The Virtual CFO can also assist in cost management, risk analysis, and maximizing margins.
Get help with resolving a challenge
An Virtual CFO has most likely solved challenges like yours before and has experience knowing how to most effectively design and implement realistic, long-term change.
Get help with Raising Debt or Equity Capital
An 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 to negotiating term sheets.
Maximize margins by analyzing current costs and pricing structures. Your CFO will be able to analyze your current financial documents to determine improvements that can be made, and to help execute those improvements.
Get help with scaling your systems
Scaling systems to handle growth and added complexity, including financial, sales, operational, or business systems; new or improved systems need to be put in place.
Resolve need for an interim CFO
If an organization 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.
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.
Provide a financial forecast
Forecasts are needed for a variety of purposes, including budgeting, fundraising, analyzing the health of a company, projecting growth, restructuring etc. A good Virtual CFO will have extensive experience in forecasting and will provide a detailed forecast based on your long-term goals.