The technology, communication systems and software packages now available enable accountants/business advisers to be able to deliver a Virtual Chief Financial Officer service to small/medium enterprises (particularly with turnovers over $2.5 million per annum) situated anywhere in Australia, irrespective of where the accountants/business adviser is located.
Over the last 15 years, the small business community has been asking, in survey after survey, for a wider range of commercial services to be made available to them.
The Chief Financial Officer Product Package gives accountants/business advisers the tools to be able to deliver an outstanding range of services to your small/medium enterprise clients who want to go to the “next level” and want “value” added to their businesses.
The package was developed following a review of advertisements for Chief Financial Officers, Chief Accountants and Finance Directors, which were placed for positions within listed public companies and major charities/not-for-profit organisations.
When these advertisements were analysed it was obvious that many of the duties that had been identified by these types of organisations also applied to small/medium enterprises. Unfortunately most small/medium enterprise organisations do not have skilled, full-time qualified team members responsible for activities like accounting, where as in a listed public company, in most cases they do.
From this research we have developed a series of forms, templates, PowerPoint slides and spreadsheets to assist accountants/business advisers to implement an appropriate range of Chief Financial Services that you have configured for the benefit of an individual client.
By offering Chief Financial Officer services to your clients, who wish to avail themselves of a more “commercially orientated accounting service”, an accountancy/business advisory business will be satisfying client requirements but at the same time developing a varied income stream for the accountancy/advisory business and also offering a significant variation of work for the accounting team.
There are thousands of businesses in Australia with turnovers over $2.5 million that have aspirations to grow their businesses. Most of these businesses cannot afford a full-time Chief Financial Officer, but they would like to receive the range of services that they would expect to receive if they did have a full-time CFO. This gives a tremendous opportunity to accountancy/business advisory businesses to supply a broader range of very interesting, professional services to your clients.
If you have any questions on any aspect of the Chief Financial Officer Services Product Package, please do not hesitate to contact us for a discussion.