Virtual CFO Services - Australia Wide
Our Virtual CFO agents 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.
Looking for Float certified consultants?
Get in touch with us for more details on our Virtual CFO Services.
- 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 CFO agents 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.
No better compliment than the words of our Happy Clients
Why should your Organization hire a Virtual CFO?
Are you 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.
A 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. Hence they can guide you better in resolving the financial challenges of your organization.
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.
Virtual CFO’s can help maximize margins by analyzing current costs and pricing structures. Our Virtual CFO will be able to analyze your current financial documents to determine improvements that can be made, and to help execute those improvements.
Virtual CFO’s can help in scaling your systems to handle growth and added complexity, including financial, sales, operational, or business systems; new or improved systems need to be put in place.
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.
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.
Virtual CFO’s 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.
As the company begins to grow, the need for financial planning also arises.Hence, it is inevitable to hire a seasoned professional for managing your finances. Instead of hiring a full time professional small businesses are availing our virtual cfo services across Australia( Melbourne, Perth, Sydney etc..)
Our Virtual CFO’s will oversee your current bookkeeping and controller staff to ensure all procedures have right validation and balances to strengthen security. They also present accurate financials. Our Virtual CFO’s will also ensure you are using the correct and most up-to-date financial software to best operate your business.
Premierone provides virtual CFO services across all locations in Australia. Few Cities we majorly serve are Melbourne, Perth, Sydney, Scoresby etc..
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.
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.
Our Virtual CFO’s typically work with our clients for their lifetime.
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.
The amount of time spent by Virtual CFO’s differs from client to client. However, they are expected to work for long hours.
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
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.
Yes. We offer virtual CFO services from small to medium sized enterprises across Australia.
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
The experience of Virtual CFO’s at premierone ranges from 10 to 40 years.