A Virtual CFO is an outsourced service provider offering high skill assistance in financial requirements of an organization, just like a chief financial officer does for large organizations. A Virtual CFO provides strategic, value add services which cannot be provided by an accountant.
Now more than ever, startups and corporates are looking for ways to run lean. There is pressure to make cuts to staff and outsource when possible, and this has led to a trend of hiring Virtual CFO services over the more traditional in-house full-time CFO. Having a Virtual CFO will help you gain a sound board along with a reduced executive overhead burden.
