What is VFO?

Our Outsourced Accounting Solutions, known as the Virtual Finance Office (VFO), provide you with access to financial expertise to support in or become your finance department. We provide you with a bespoke service to suit your business’s needs, on a cost-effective basis, providing you with the ability to use our services to support in a particular area of your finance function, or even take over the whole function for you. You therefore receive a time-saving alternative for your business as to how the finance team is made up or run. Managing the finance function efficiently can be a challenge for any business owner, requiring diverse skills from processing to reporting and forecasting. These skills can be hard to find without hiring multiple individuals.

With our expertise in supporting many clients from a wide variety of businesses with VFO services, plus the backup of a highly experienced forward-thinking accountancy practice, we are able to quickly understand your business, work with any accounts system, and have the skills to be able to support in any way you need.

If you need a more thorough review of your finance operations, you can rest assured that your processes will be streamlined, you will be set up to leverage the latest technology, and most importantly, you will receive management information and Key Performance Indicators into your business. As part of the service, even if larger changes aren’t required, as part of us working with you, you will still benefit from us being able to identify and implement specific recommendations within certain areas that can make valuable changes to improve efficiencies, save time, and improve the information available. This empowers you to have information at your fingertips to make confident decisions about your business and its future.

Regardless of your business size or industry, we can customise the services you need, freeing up your time to focus on the growth and management of your business, and giving you peace of mind on a key area in your business.

The Benefits

Opting for our Virtual Finance Office solutions offers numerous advantages, including;

• Experienced staff without the risks with recruiting
• Removal of concerns over training, staff management, holiday cover, sickness absence periods, staff leaving, performance concerns, etc
• The full backing of a forward-thinking accountancy practice behind the service provided
• Continuous access to knowledge on the latest technologies and improvements
• Management accounts and KPI’s produced by experienced, qualified accounts staff
• The ability to obtain advice from senior, qualified accountant business advisors to support your senior team or provide you with that senior expertise you dont have internally
• The removal of significant employment added costs associated with employed staff including employers NI, pension contributions, holiday pay, sick pay, training costs, etc.
• Your time freed up to focus on what you do best in running your business

Require a temporary solution?

Whether an employee has departed, taken sick leave, or gone on maternity leave, we have the capability to seamlessly assume their responsibilities, ensuring that your business can continue with minimal disruption.

Next steps

We offer a free initial consultation where we can review your business and assess what services you require to provide a bespoke offering that will provide added value to you and your business as a cost-effective solution. Speak to one of our experts to find out more

If you want to talk to us about our Virtual Finance Office services, contact us by filling in the form below