As a Virtual Finance Director, Claire can provide comprehensive financial management services to support the growth and profitability of your business.
By leveraging strategic insights and operational finance expertise, she helps business owners make informed decisions and achieve sustainable success. Below is a summary of the services offered:
1. Financial Planning and Forecasting
- Budgeting: Development of detailed annual and long-term budgets to ensure alignment with business objectives.
- Cash Flow Management: The creation of an Excel Cashflow Forecast, monitoring and providing support in optimising cash flow to ensure sufficient liquidity for day-to-day operations and growth opportunities.
- Financial Forecasting: Regularly updating forecasts based on market conditions, sales trends, and cost fluctuations.
2. Financial Reporting and Analysis
- Management Accounts: Preparation of monthly or quarterly management accounts, including profit and loss statements, balance sheets, and cash flow reports.
- Key Performance Indicators (KPIs): Tailored KPIs to track performance, such as gross margins, cost of goods sold, and stock turnover.
- Variance Analysis: Identifying and explaining variances between actual performance and budgeted targets, providing actionable recommendations.
3. Profitability and Cost Control
- Cost Reduction: Identifying inefficiencies in your supply chain, production, or operations to reduce costs without sacrificing quality.
- Product Line Profitability: Assessing the profitability of different services or product lines to inform pricing strategies and product mix decisions.
- Pricing Strategies: Advising on optimal pricing to maximise margins while remaining competitive.
4. Working Capital Management
- Accounts Receivable: Implementing strategies to reduce debtor days and improve cash collection from customers.
- Accounts Payable: Optimising payment terms with suppliers to align cash outflows with cash inflows.
- Credit Control: Managing credit risk by monitoring customer creditworthiness and implementing effective credit control policies.
5. Strategic Financial Advice
- Business Growth: Offering strategic guidance on scaling operations, expanding product lines, or entering new markets.
- Funding and Capital Structure: Advising on appropriate financing options, including debt, equity, and alternative funding sources.
- Mergers and Acquisitions (M&A): Supporting the M&A process, including due diligence, valuation support, and negotiation.
6. Stakeholder Management
- Board and Investor Reporting: Preparing financial reports and presentations for stakeholders, including investors, lenders, and board members, highlighting key metrics and performance indicators.
- Banking Relationships: Managing relationships with banks, negotiating loans and credit facilities, and ensuring the best terms for financing.
7. Sounding Board and Strategic Support
- Opportunity Discussions: Acting as a trusted advisor to discuss new opportunities, whether it’s expanding product lines, entering new markets, or making significant business decisions.
- Reflecting on Business Experience: Offering a space to reflect on past experiences, identifying key lessons learned and areas for improvement to inform future strategies.
- Support for Business Owners: Providing guidance and reassurance, helping you navigate the challenges of running a business, so you don’t have to face decisions alone. Offering a fresh perspective on both financial and operational aspects of your business to support confident decision-making.
Business owners have the flexibility to pick and choose from the range of services offered, tailoring support to meet their unique business needs. Whether you require ongoing guidance or specific project-based assistance, these services are available from a minimum of just one day per month. Outsourcing your financial management offers the added benefits of a fresh, external perspective and eliminates the ongoing costs associated with employing a full-time finance director. This ensures you receive high-quality, expert advice without the long-term commitment of in-house staffing.
Investment
£500+VAT per day, up to 4 days per month
£450+VAT per day, from 5 days per month
*Onsite support can be arranged, by discussion, and will incur travel expenses
Give us a call to discuss your needs and how we can help...