The growing need for financial experts in business has become even more apparent with current economic difficulties, but the demand has been growing for a while. The need for a virtual CFO is higher in demand for multiple reasons. As business becomes more complex and the CFO is required to wear many hats (while working remotely), we have provided some background and questions to ask when choosing the right CFO for your business.
Why the Rise?
The rise of the virtual CFO has a lot to do with more significant demand for the full-stack CFO–one who deftly leverages resources like their team, technology, and strategic partners effectively while also being accessible at any time. There are three primary reasons why there has been a rise in the virtual CFO:
What are the types of CFOs?
Let’s take a second to get clear on the vernacular around the types of CFOs. Every position a CFO serves is necessary and essential, but there is a growing need for CFOs to wear multiple hats in multiple platforms. There are many types of CFOs that provide a matrix of services for a variety of business needs. Here are a few types that build-up to the need for a virtual CFO presence.
How Can I Identify the Virtual CFO who is Best for Me?
While considering the type of CFO that will work best for your business, consider how the virtual, full-stack CFO can be a multifaceted partner for your company’s protection and growth.
The AVL model
As a dedicated management and financial operations team who is “always on,” AVL is a virtual, full-stack CFO firm that is responsive and available whenever a business needs us. It provides a complete set of skills surrounding finance and operations expertise.
We’ve built a network of strategic partners to support any client’s additional needs, provide consistency, and provide the best answers created by the team and network collaboration. We are not an island unto ourselves–our network of resources is available to rapidly deploy services for every client in a virtual space that provides immediate access. If you want to find out more about what we can do for your business, reach out at firstname.lastname@example.org