The functions of a Chief Financial Officer (CFO) are essential to the financial success of a business. However, a CFO’s duties do not necessarily have to be completed by a single in-house employee — In fact, outsourcing a comprehensive team may be more effective.
Read on to learn more about how your company can benefit from outsourcing your CFO services.
What is included in CFO services?
Responsibilities handled by a CFO or outsourced team are key to financial organization and growth.
Virtual CFO services available through Matthews & Nulty include:
- Payroll
- Expense Reporting
- Invoicing and collections
- Debt reduction
- Audits
- Cash flow projections
- And more
Using CFO sources will ensure that your business is on top of its financial responsibilities.
Benefits of Outsourcing Versus Hiring
Hiring an in-house CFO is an option, but the benefits of outsourcing your CFO services may outweigh that of hiring a new employee.
Outsourcing your CFO services can:
- Allow for more time and money to be spent on advancing the business, not finances
- Give you a team of financial experts to work with rather than an individual
- Increase your financial understanding
- Offer new insight from outside resources
- Provide you with a team with broad experience
With virtual outsourced CFO services, you can feel more confident about your business’s finances and focus on advancing your company.
We’re your Go-To CFO Team
At Matthews & Nulty, CPA, we’re proud to have over 35 years of experience working with businesses and providing reliable financial insight. To get started with our virtual CFO services or other offerings, please give us a call at 732-257-8604 or contact us on our website.
