At SUMMIT Accountants | Business Advisors, we understand that whilst small/medium enterprises (“SME’s”) grow very quickly in a competitive environment, they all have different challenges. Sometimes the challenge is accounting compliance, at other times human resources, operational or IT systems improvements require attention.  These are all areas where a CFO would ordinarily add-value within an organisation.  But when SME’s are cost conscious and a full-time CFO is so expensive, what’s the solution?

Answer:  SUMMIT's Virtual CFO

Our Virtual CFO offering enables companies to gain access to the skills they need to take them to the next phase of their development but at a fraction of the cost of hiring a full-time CFO.

Backed up by the depth of people in a full-service accounting firm - including accounting/bookkeeping support, from tax and compliance to monthly financial and management accounting, half-yearly and annual financial reporting, audit management and company secretarial services, we recognise that in a competitive market, there’s a requirement to support SME’s with more than just a simple tax return.

To that end, as part of our Virtual CFO offering, we provide strategic level advice utilising the skills, experience and expertise gained over many years to provide the higher-level interpretation and analysis that only larger companies generally enjoy.

Additionally, we facilitate and/or participate in monthly board meetings, usually at our premises, and we look at a client’s forecasts and budgets to identify gaps. Unlike straight accountancy work, we go beyond just number crunching and look at revenue streams and capital-raising and recommend strategies.

Ultimately, our goal is to grow companies to a stage where they can afford a full-time CFO.