I believe that it would be best if I explain what a Virtual CFO is and the services they provide before discussing the four primary reasons you should consider using a Virtual CFO at your firm.
A Virtual CFO is an outside professional who provides your company with a high-level of financial management, analysis, and advice that is normally only gained by employing an experienced CFO on a full-time basis.
The services a Virtual CFO typically provides include: financial statement preparation and reviews, business plans, budgeting and analysis of your company’s actual performance versus the budget, financial analysis, forecasting, policies and procedures, and profit improvement.
A Virtual CFO will provide you with analysis and advice that you can use to make well informed decisions for your company. Additionally, a Virtual CFO will work hard to understand your businesses needs. This enables the Virtual CFO to provide you with reports and analysis that are understandable and can be readily used to operate your company more efficiently, effectively, and profitably.