Virtual CFO Services For NetSuite & J Curve Customers

A Virtual CFO Can Help You With Strategic Direction

Having access to the experience of a Virtual CFO means you can work collaboratively to ensure your businesses strategic financial plans are solid and in support of your wider business goals.

A good outsourced CFO will sit down with you and the finance team to understand your business in as much detail as possible, and formulate a strategy to add value.

A Virtual CFO Can Help You With Financial Management Process Improvement

Process improvement is something we at TeamBlueSky are deeply passionate about. With the explosive growth of cloud accounting software such as Xero, MYOB, Reckon, J Curve and NetSuite, an increasing number of small to medium sized businesses are running in the cloud.

The practical benefit of this is that your virtual CFO is able to work actively on your systems from anywhere, becoming a key member of the team. These systems also have a lot of untapped potential when it comes to financial process automation, which is something that most businesses owners have never had time to explore. 

Compliance Managed by Your Virtual CFO

It’s not too often we come across small business owners who get a thrill out of managing the various aspects of financial and reporting compliance. Depending on the size and structure of your business, it is likely that between the Tax Reporting, Single Touch Payroll Reporting and Business Activity Reporting you can start feeling overwhelmed.

An outsourced CFO takes full responsibility for the preparation and lodgement of all business related documentation to ensure that you are always up to date with your reporting obligations. 

Expert Financial Leadership

We will help you understand the company's goals and align our projects and team accordingly. Our CFO consulting services allow us to work directly with the CEO, business owner, and board of directors in order to provide strategic financial guidance that is appropriate for your company's stage and future growth plans.

In addition to financial planning, business planning and analysis services, we have an outstanding track record in forecasting, budgeting, accounting and consolidation. Virtual CFO added value is a huge help when you need a Virtual CFO plus an outsourced accounting department. TeamBlueSky can provide professional finance management services for your company at a fraction of the cost of maintaining full time team members.

Our CFO consultants can provide strategic guidance and on-going support for your business, whether you require a part-time, on-going CFO or outsourced CFO services. Our solutions are available for public and emerging growth companies, as well as those in early stages.

The following are some examples of outsourced CFO services:

• To provide strategic direction and insight appropriate to the company's stage and growth plans, we work closely with the CEO/Board of Directors

• Aligning your team of experts with your goals and creating a plan to achieve your shareholders' goals, value creation and shareholder objectives

• Our unique fractional outsourcing CFO model allows us to work with the C-suite in order to provide financial guidance and best practice

• Analysing and developing acquisition or divestiture strategies

• Implementing performance improvement strategies

• Creating business plans and increasing operational efficiencies

• We provide Virtual CFO services for corporations, companies, small businesses, start-ups and more. Virtual CFOs can help your company on its way to success and are incredibly affordable compared to hiring a full-time finance manager

Optimised Capital Structure

A business' capital structure is vital. TeamBlueSky can help you develop forward-looking financial forecasts that will support your company's business plan and long term goals for growth. Virtual CFOs can help you ensure your company is operating in the most efficient and cost-effective manner to fit your business needs. Our virtual CFO services can help with:

• Optimising financing mix

• Managing capital structure

• Forecasting and planning support



• Advising on tax efficiency strategies

It can be difficult to determine your company's capital needs. This is why you should only trust the best financial consulting firms. TeamBlueSky has more than 30 years of CFO experience and are highly qualified.

We often start by creating a forward-looking forecast that will help you determine the necessary capital (financial or human) to support your business goals. We provide a variety of specialised CFO advisory services that include data, templates, and tools to help you in this process. The following services are likely to be offered by our CFOs who have extensive financial consulting experience:

• Optimizing working capital investments in accounts receivables and inventory

• Negotiating the right debt facilities to help leverage an equity raise

• development, due diligence management, and negotiation terms

• Implementing and developing cash flow forecasting methods for short-term and long-term cash flows

• The right capital structure

• Assisting in the capital raise process

Management Reporting Optimization

Your virtual controller or CFO will create dashboards and reporting as part of our services. Our TeamBlueSky consultants can help you design and implement a process improvement infrastructure that will increase efficiency and decrease costs.

We have used a variety of reporting tools, models, and mechanisms with clients across multiple markets and industries. This ensures that you receive the information and reporting you need to make better business decisions. Our clients have found that timely access to key business metrics is more valuable than in-depth post-period reporting.

Reporting services offered by virtual CFOs may include:

• Development of dashboard and reporting to provide critical business information

• Segmented profitability analysis can be done by business unit, product, or any other relevant designation

• Examining the financial statements to make suggestions for any changes. This will result in better and more meaningful financial reporting

• To support accountability management, building reporting systems

Operational Support

We have over 30 years of practical experience. This makes us experts in operational support. We cover all aspects of the operational spectrum, from financial statement preparation to internal transaction processing, system development and implementation, and everything in between.

TeamBlueSky provides guidance and direction but doesn't stop there. Our virtual CFO experts are operations-specific and can help you with any task. We can work with your existing team, or manage all deliverables.

Unlike other financial consulting firms, the TeamBlueSky virtual CFO consulting service is tailored to each engagement. It can be proactively adjusted as needed based on changing organisational needs. We set no minimum engagement requirements. You will receive exactly the financial consulting services that you require, at the time you need them, thanks to our diverse staff and hourly-based pricing structure.

These are some examples of areas where interim CFO services or operational advisory involvement can be found:

• Prepare financial reports for monthly, quarterly and annually

• Implementing, documenting and documenting financial controls and processes

• On-site contract CFO, supporting the tax preparation and audit process

• Consulting with an experienced CFO on the implementation of new financial systems

• Invoicing and processing internal transactions like accounts payable, accounts receivable, payroll, and invoicing

• Recommendations for improving process efficiency and operational efficiencies that result in cost savings that can then be used elsewhere in the company