As a small business owner, while you are undoubtedly the master of your own business and may feel like a master-juggler of many management tasks – from staff management and retention related jobs, to general business contingency planning, and more. Being the Chief Financial Officer (CFO) of your own company can be extremely difficult and hiring a full-time individual to do the job for you may cost you far more in additional salary costs and overheads. So, why not engage Nexis to be your CFO?
How we can help
Most small and medium businesses do not have the capacity or the need to hire a full-time CFO. Although, many also need the additional expertise, advice and business-critical benefits that an experienced CFO can bring.
At Nexis, we have a range of industry experts that can act as an external Chief Financial Officer for you, at a level that suits your needs.
In what capacity will your external Nexis CFO work?
We will start by meeting with you assessing your organisation’s current requirements and financial/accounting-related health. We will then work with you on an ongoing basis and provide you with expert financial management analysis and reporting.
More specifically, your outsourced CFO will:
- Act as your treasurer: Assisting you in managing your organisation’s accounting functions and ensuring that all financial reports are kept up-to-date and accurate.
- Provide guidance on who and where to consult for financial-legal advice: While we cannot provide specialised legal advice, we have a pre-existing understanding of basic legal requirements that your business must fulfil and/or adhere to. Should any further financial-legal assistance be required, we can also refer you to a range of trusted legal industry consultants.
- Oversee taxation requirements: Including identifying and notifying you of relevant tax concessions and completing and submitting your paperwork around tax time.
- Provide strategic planning advice and insights: By having a dedicated focus on this aspect of your business, we are able to analyse your ongoing cash-flow data, financial forecasting and so, can provide proactive recommendations for your business planning and applicable functions. Ensuring you’re always following best accounting and financial practice for your business, to increase your chances of remaining both viable and profitable into the future.
Overall, having a qualified and proactive team of accountants, business advisors and bookkeepers all under the one roof, means that we can provide a full suite of CFO-related services for your organisation. All while ensuring that any improvements and questions that you may have, can be responded to efficiently.
If you’re interested in outsourcing this function for your business, get in touch with us today!
