Digital CFO Services
Our Digital CFO Services start at just $3000 a month (significantly less than a FTE in any department) and are designed to help businesses scale to real wealth. We focus on profit protection, cash flow management, projections, and business planning. Work with a trusted CFO to grow your company wealth today.
Cash flow forecasting
One of the most common tools your CFO will reference is a cash flow forecast. This tool helps you and your strategy team understand what happens to your cash flow in the future based on the decisions you make today.
Once a plan is in place, you’ll want to know how well you’re tracking to it. We all know how vital budgets are, but they don’t always get used. Your CFO can help get your budgets in place and then analyze your company’s performance against it.
For businesses on the verge of a cash crunch, knowing break-even points is crucial. Your sales and production teams must know how much work they have to deliver to keep the bills paid. Every business faces hard times, and if that ever happens to you, your CFO can help you dig deep and control the excess.
Labor cost management
If you’re a staff heavy organization, you must know as much as possible about your payroll costs. Is your staff operating efficiently? Should you give someone a raise, and if so, what will it do to your business over the long-run? As we coach businesses across the country, labor costs tend to be their biggest downfall. They have either over-hired or haven’t staffed enough, and the bottom line gets strained.
Variable vs. fixed expense reporting
Not all costs in your business are created equal. You incur fixed costs regardless of what you do. While you can reduce cost in this category, there’s only so much you can cut and the benefit to your business becomes less and less impactful. However, your variable expenses are the costs you incur when you do work. The secret to getting wealthy is controlling these costs in an efficient manner. Your CFO Base Digital CFO is an expert at identifying these costs and keeping them in check.
Debt planning and reduction
If debt is a part of your growth strategy, your CFO will help you optimize your liabilities so that they support you in your goal. If you have debt because your company has seen hard times, then we need to create a reduction plan for getting your company back on top.
Additional Options/ Packages (as well as monthly in person visits by our CEO, Sammy Singh)
We offer additional services and options for our packages and work to fit your budget. One thing that sets our digital CFO services apart from others is our CEO, Sammy Singh- one of the brightest minds in finance today- who guarantees to meet once a month in person (based on scheduling that fits the partner’s needs) and provides a full scale report, overview, and evaluation of not only your firm- but also our objectives for each month. This is at no additional cost and is included as part of your partnership with CFO Base.
Do you also offer a full scale payroll processing and accountant services, as well as quarterly and annual tax services?
Yes- if you partner with our digital CFO services- this will be deeply discounted as a package offering to add to your overall package with us to ensure you get the best price with our turn key efficiency and delivery in these processes. We work with you- so we want to ensure we fulfill all of your business needs thoroughly!
FAQ About Our CFO Services
What Does a CFO Do?
A digital CFO (Chief Financial Officer) is not only an investment in the growth of your company, but also a piece of mind and security knowing that you have a full-scale partner, similar to having an in house full fledged CFO- but at only a fifth of the cost. Unlike a standard accountant that oversees your data entry and monthly reports, your CFO is a crucial member of your strategy team. He or she has a single focus: make your organization more valuable to all shareholders. In other words, increase the return on your business. In the end, this means more cash, more profit, and more opportunity throughout your organization. They do this by forecasting cash, optimizing cost centers, managing corporate capital accounts, and other high-value processes.
What Qualifications and Experience Will My CFO Have?
All members of our Virtual CFO team must have the following credentials:
- All of our CFOs are Certified Public Accountants or CPAs
- 7+ years of experience in accounting related work
- 3+ years of public accounting experience
- 3+ years of experience leading full accounting teams
- Master’s Degree in Accounting or Tax
- QuickBooks Certified Pro Advisor
Is There an offering for a potential Long-Term Contract?
Absolutely! Again, we value performance. If we do our job, we deserve to get paid. Our goal is to make your company bigger and more profitable over time. If we fail to do that, you shouldn’t be locked into a contract. Our services are month-to-month. If you desire to have a long term contract- we incentivize this in your favor with performance guarantees we promise to meet. Our goal is the ensure that we provide the highest value of service and sometimes- it is better to have the peace of mind setting forth an annual arrangement, or longer. Or, a semi-annual arrangement if you are in transition of hiring a new finance leader/department in house- for which, we can help you vet the best candidates and help you organize everything for if this option is the route you choose to go eventually. We work with all our partners, so contact us today to get the peace of mind and security your business deserves with the best digital CFO services available globally online with CFO Base today!
Send us an email today at email@example.com and we will provide you with further information and look to get you started on the fast track to business financial success today!