MyCFO - CFO Services

More than 90% of all businesses around the world are categorised as small and medium sized enterprises (SMEs). While size certainly affords agility it also comes with a constraint on the ability to make good financial decisions.

SMEs are very good at their core business functions. Yet more than 80% complain that accounting, financial planning and tax matters take up a significant portion of their time. While large businesses hire a full time Chief Financial Officer (CFO) for managing these task; SMEs are unable to do so due to budgetary limitations and lack of attraction.

CFOs bring with them years of experience and qualifications. They handle all financial decision making aspects of the business and act as trusted advisors to CEOs and business owners. In return they demand handsome compensation packages.

We understand that SMEs don’t need full time CFOs. Nor can they afford to hire and retain one for a long period of time. Nonetheless they need to make smarter decisions. We offer flexible outsourced CFO services that are tailored to fit your exact needs. Your outsourced CFO acts as a business partner and trusted advisor so that you can focus on your core operations.

MyCFO offers a flexible and scalable service plans that are suited to your exact needs.
With just five contracted hours a month you now have a trusted advisor and business partner.

ROLE of the CFO in the small Business

  • Assist in creation of the business strategy
  • Supervision of accounting teams and monitoring of the financial reporting process
  • Oversight of the planning, budgeting and control process
  • Developing key performance indicators and using them for performance management
  • Tracking periodic revenues, expenses and profits to identify issues and opportunities
  • Planning for cash flow requirements
  • Assessment and valuation of potential business decisions
  • Profitability analysis of products, services and divisions
  • Refining Strategy and Managing Change

What Does Your CFO Deliver?

  • Enhanced profitability
  • Efficient cash flow management
  • Insight into threats and opportunities
  • Systematic decision making
  • Medium term and long-term strategy
  • Identification of growth potential