VIRTUAL CFO

Our advisory team can perform all the back-office functions of an accounting department and the high-end functions of a CFO - miles away from your office!

5 Reasons Why You Need a CFO:

Budgeting – Make a budget and ensure compliance with it. Our external CFO team anticipates expenditures, cash flow, and more to make budgets.

Financial and Strategic Analysis – Analyze finances and assist with strategic plan. We give you financial strategy to grow your business.

Forecasting and Planning – Make business plans based on realistic data and accurate projections. Our CFO team positions you for growth in the short- and long-term.

Support for Strategic Initiatives – Implement plans to improve profitability. We compile insight into your company and develop goals for growth and profitability.

Establish Key Performance Indicators (KPIs) – Set up and report on specific KPIs and targets. Mayo provides timely KPI reports to management.

What is a Virtual CFO?

A Virtual Chief Financial Officer (VCFO) is a highly skilled financial staff outsourced by a business handle the CFO duties. A VCFO (aka fractional CFO) provides value added services beyond traditional accounting.

How do Virtual CFO services work?

Virtual CFO services give you an experienced support staff for tax, accounting, and strategic planning. We are a remote team of accountants who work with you to define your focus areas, develop a strategy, and monitor the finances of your company for short- and long-term growth.

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Our Virtual Chief Financial Officer services are a perfect fit for:

  • Growing businesses that cannot afford a full-time CFO.
  • Existing businesses wanting to replace the CFO without the need for a CFO onsite.

The cost to outsource is typically less expensive than hiring full-time staff. A full-time CFO can earn $175,000-$450,000 per year plus benefits. Our VCFO services provide companies with an experienced staff at an affordable fixed cost.

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