The recent announcement of the first group of Crowd-Sourced Funding Intermediaries has clearly signified to the small/medium enterprise community that, at long last, Crowd-Sourced Funding Equity Raising has commenced in Australia.
Crowd-Sourced Funding has joined Early Stage Innovation Companies as the two very significant corporate vehicles for small/medium enterprises to be able to raise capital from the public for their businesses.
As part of the capital raising process, many of these companies will be asked by potential investors “who is your Chief Financial Officer?” A significant number of these companies will probably not wish to employ a fulltime Chief Financial Officer, thus opening a significant window of opportunity for accountancy businesses/business advisers, who have embraced the concept of providing a broader range of commercial services, to be able to offer a virtual Chief Financial Officer service to the companies raising capital as well as other clients who are operating businesses which aspire to grow and other businesses with turnovers over $3M.
Providing a Chief Financial Officer service has become one of the new business services that accountants are able to offer to their clients. With the technologies and communication facilities now available an accountancy business/advisory business could offer Chief Financial Officer services to clients situated anywhere in Australia.
In developing the ESS BIZTOOLS’ Chief Financial Officer Service Product Package, we ensured that provision was made for all of the major activities that an accountancy business, involved in delivering Chief Financial Officer services, was likely to encounter.
However, the accountancy business will need to ensure that the team members, who are going to be involved in the delivery of the Chief Financial Officer services, have taken the time to familiarise themselves with the business’ operations of their client because this would be something that an internal Chief Financial Officer would be expected to have undertaken.
The Chief Financial Officer Services Package includes material relating to:
Specific packages targeted at businesses
The Chief Financial Officer Service Package assists accountants to deliver the type of services to small/medium enterprise, similar to the services that a larger listed company would expect to obtain from a Chief Financial Officer.
We are presenting a special free webinar on the “Chief Financial Officer Services – A New Opportunity” on Wednesday, 7th March 2018 at 11.30am AEST. To register please click here.
You are also invited to participate in another of our free webinars:
If you would like to receive any further information on the services, provided by ESS BIZTOOLS to assist accountants to deliver a virtual Chief Financial Officer Service, please do not hesitate to contact us.
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Episode 142 - Chief Financial Officer Services - A New Opportunity
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