Is your business growing at a rapid rate? Feel empowered to make better business decisions - with Our Virtual CFO for financial clarity
A full time Chief Financial Officer can cost anywhere from $175,000 to $480,000 per year. For businesses experiencing growth pains this can be a major cost that limits their resources instead of focusing on growth. Our Virtual CFO plans only start from $650 per month ($7,800 per year) and include a wide variety of virtual CFO services Cash Flow Management, Choosing KPI's, Strategic Advisory, Planning & Metrics, Raising Capital and Business Systems.
Oyster Hub is a Virtual CFO Firm where you can outsource your CFO and accounting needs. Our tax accountants look beyond traditional tax accounting focusing on key performance indicators for your business.. Thanks to great tools like Quickbooks Online, Xero, Spotlight reporting, Futrli, and Receiptbank; we are able to extract critical business information from your accounting records without you having to leave your office. We guide you through streamlining your internal controls and processes to aid you in making key business decisions that help you understand your direction and don't fall short of where you want to be so that when your business is growing there is no major roadblocks that hinder growth.
How Our Virtual CFO's Can Help You:
Manage bank relationships
Weekly / Monthly KPI meetings
Cashflow & Business forecasting
Budget to Actual Business Analysis
Deal with cashflow & asset finance
Debt planning & Reduction
Profit & Wealth Improving advisory
Task Virtual CFO Will Take Off Your List
Virtual CFO FAQ | Oyster Hub
A Virtual CFO, or Virtual Chief Financial Officer, is an outsourced accounting service provider. Growing businesses often reach a point where they need professional financial advice, but can't afford a full-time CFO or controller which ranges from $175,000 to over $480,000 per year...and then bonuses afterwards. A virtual CFO minimises this to provide you with a high quality service at a much lesser price.
A Virtual CFO can provide a full range of services including: managing bank relationships, ongoing meetings, forecasting, company-wide KPIs, and much, much more. We tailor our services specifically for your business because we know every business is different in it's own unique way.
At Oysterhub, we take action-oriented analysis pretty seriously, helping our clients establish KPIs and regular financial reporting as a strong foundation. We encompass everything in relation to your financial performance such that you can take the guesswork out of your financial situation and have meaningful progress.
Virtual CFO's are professionals in financial management. This is what we love to do. Asking an accountant to assist your company in financial management and strategic planning is like asking an actuary to take over the role of a doctor ... it is unfeasible.
We're not just a company who accepts outsourced accounting work. Our clients bring us on as members of their teams. You're not just hiring one person. You're hiring our whole staff. An in-house CFO typically carries experience from the few jobs he/she has held.
At Oysterhub we stand out from the crowd and we want you to stand out too.
If you work for a small business, you may only require simpler financial services provided by a bookkeeper or accountant. Chances are, if you're reading this FAQ page, you've likely worked with or are currently working with a bookkeeper or accountant and are looking in depth for more effective solutions.
As your business grows, or if you're planning for growth, your financial needs become more complex. Often your existing financial infrastructure and accounting reporting aren't giving you the kind of visibility you need to make confident, financially sound decisions around growth.
You would benefit from hiring a Virtual CFO and leveraging their services if:
- Your company is growing fast, or you're anticipating rapid growth in the near future
- You need stronger insights when it comes to your company's financial performance
- You're experiencing cash flow management challenges
- You're looking to buy a company, to raise money, or to sell off a portion of your company
Oysterhub prides ourselves to be able to communicate with our clients through multiple platforms and over numerous mediums. From face-to-face conversations if necessary to screensharing, video conference calls, phone calls, texts and emails we communicate with our clients in an array of facets.
Our full-service Virtual CFO clients are assigned a CFO, an accountant and a tax manager.
We know the industry surrounding web design and development industry very well - the focus of the KPI's are to figure out what makes your company go round and how your company will benefit. From this we identify revenue drivers such that we can forecast effectively and make solid financial decisions to benefit the direction of the business. Diving Deep is one thing we hone in on because we want to ensure that we are not making incorrect assumptions about your business.
Purely for reasons that we don't end up going insane there is a certain number of companies we can take on board monthly and on average we look at 3-4 depending on the time of the year.
In simple, 100% accuracy ... yes.
Why not? Our team has the experienced “credentials” some companies demand. We know the results we've created and the people we have helped and we want to help you too.
Ask us. If we can’t do it—we’ll find someone who can. Our goal is to help you.