Virtual Finance Director
A Virtual FD plays the Finance Director role remotely for a fraction of the cost of a full-time Finance Director (circa £70k p.a. for an SME).
A Virtual FD is more than just an Accountant in practice, they have commercial experience and can manage your Finance team and finance processes to free you up to grow and manage your business.
A Virtual FD also cares about the health and well-being of your business and acts as a sounding board providing financial sanity.
A Virtual FD is essentially a business adviser, a trusted source for financial insight at a far more proportionate cost than a full-time FD. The number of days required per month varies from client to client, it can depend on size and complexity of the organisation or the number of ongoing projects (e.g. Re-financing, reviewing merger/acquisition opportunities, preparation for sale etc.)
Having access to an experienced, knowledgeable finance professional is now achievable by using cloud-based accounting software and mobile technology. A good Virtual FD can be in touch with multiple national/international businesses simultaneously, ensuring they are always in touch with your business.