All the benefits of a CFO, with the flexibility of a virtual service

Sometimes an accountant just isn’t enough.

There’s financial reporting, managing day-to-day finance operations, and monitoring KPIs, work in progress, and your P&L. Having someone to manage all this would be a huge weight lifted off your shoulders, but you don’t have the hours (or budget) for a Chief Financial Officer. 

Using a virtual CFO service, you gain all the experience of a seasoned CFO (and a full finance team) with the flexibility and monthly fee of a virtual service. Better yet, our virtual CFO service gives you all this with the added benefit of first-hand experience in the building and construction sector.

 

Why get a virtual CFO

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Avoid additional staff and operating costs

Secure a CFO with industry experience without the cost of a full-time, in-house resource. All for a monthly price.

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Access a team of experts, for the price of one

Access to a full team of accounting and finance experts as well as a CFO on-call and managing it all.

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Get more accurate WIP reporting

Gain accurate work in process calculations, plus the monitoring, insights and forecasts to better manage projects.

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Gain strategic insights and maximise profits

Obtain the strategic insights you need to grow your business, optimise your operations and grow profitability.

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Free up valuable time and resources

Outsource your day-to-day finances, reducing operating costs and unlocking efficiencies and productivity.

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Reduce business risk and cash flow stress

Get the reporting and insights you need to reduce risks while increasing your cash flow and business growth.

How does a virtual CFO service work?

A virtual CFO might sound expensive, but it’s simply a service that provides CFO services virtually. The service gives you everything a usual CFO would do but as a contracted, virtual monthly service.

A virtual CFO service is great for businesses that need CFO support but don’t have the need or budget for a full-time resource. A fully virtual service, it provides you with a more cost-effective and flexible option than the traditional in-house CFO. 

The service gives you access to everything from financial reporting and forecasting to budget management and work-in-progress monitoring and reporting for a monthly fee.

Virtual Building and Construction CFO service inclusions

Our virtual CFO services have been designed specifically for the building and construction industry. Built on direct industry experience, get a virtual CFO that truly understands your business and the challenges of the building and construction sector.

You not only get all this for a monthly service fee but gain the ability to scale up virtual CFO support when and where you need it. Giving you a fully flexible service that can align with your specific business goals and finance needs.

Financial analysis and reporting

Gain a full picture of your business with financial reporting, analysis and insights. Including, balance sheets, performance and trend reporting. Plus, all your taxation reporting.

Budgeting and forecasting

We’ll manage and monitor your budgets, providing accurate forecasting for the months ahead. As well as monitoring, we’ll create budget reporting and provide analysis so you can make informed decisions.

Cash flow management

Get a better understanding and management of your cash flow, eliminating bill stress and growth barriers. Gaining  accurate cash flow forecasts to prepare for the unexpected and reduce cash flow risks.

Financing and planning

Looking to expand or invest in an area of your business? Get business advice and a strategic plan to get there, as well as access to financing and leasing experts to make it happen.

Risk management

Do you know what could be putting your business at risk? We’ll analyse your business, providing guidance and strategies to minimise and better manage financial, operational and supply chain risks.

Financial guidance and advice

Gain strategic business advice to grow a sustainable and profitable business, uncovering potential profit opportunities, risks and cost savings. We’ll be with you each step of the way.

Work in progress project management

With builds stretching numerous reporting periods, you need accurate work in progress (WIP)  reporting to represent a true profit position at any point in time. We’ll manage, monitor and report it all.

Monthly, quarterly and yearly reporting

To complete builds on time and budget, you need regular reporting to keep you across the detail. Get access to regular reporting and performance dashboards so you can be across all areas of your business.

These are just a handful of the services our virtual CFOs provide. To learn more, chat with our friendly team to learn how the service could support your business.

DOWNLOAD A VIRTUAL CFO SERVICE KIT

7 steps to survive a cashflow crisis

We know cash flow is one of the biggest challenges for the building and construction sector. That’s why we’ve developed a 7-step cashflow crisis workshop specifically for building and construction businesses. 

Your virtual CFO: More than just financial reporting

While our virtual CFO service will look after all your financial reporting, it’s not the only benefit you gain. As well as a customised and flexible virtual CFO service, you get to pay for specific services you need and scale up support as it’s needed.

Just like an in-house CFO, your virtual CFO service provides a range of financial and business advisory services, including:

  • Budgeting and financial forecasts
  • Monitoring business financial health and well-being 
  • Financial insights and business advice
  • Financial reporting and analysis
  • Cash flow management
  • Financial trends and operational analysis
  • Financial and strategic planning
  • Identifying growth opportunities and profitability barriers
  • Financing and investment advice

Chat to the team

DOWNLOAD A VIRTUAL CFO SERVICE KIT

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Meet your building and construction virtual CFOs

John Pititto

For over 20 years, John has been helping building and construction businesses – big and small – build a better business and create business freedom. As a Chartered Accountant and business advisor, John is all about relationships and getting to know your business inside and out. The result? Tailored advice focused on you and your goals. A devoted family man, when not in the office John loves spending time at the beach with his wife and three children.
BOOK A MEETING WITH JOHN

Shaun Borg

Joining the Mead Partners family in 2008, Shaun is a business partner and chartered accountant. He’s passionate about helping building and construction businesses maximise their potential, providing expert accounting and business advice to reach their business goals. In 2019, Shaun was also named the youngest MYOB accountant of the year. When not crunching the numbers, you’ll find Shaun out in the great outdoors.
BOOK A MEETING WITH SHAUN

Build a better business with a virtual CFO by your side

Frequently asked questions

What is a virtual CFO?

A virtual CFO service gives you everything a usual CFO would do but as a contracted, virtual monthly service. This includes financial reporting, budgets and forecasts, and strategic planning as well as management of your finances and business advice.

 Do your virtual CFOs have building and construction experience?

Our virtual CFOs have extensive experience with building and construction organisations and are certified business advisors and accountants. We work with a number of building and construction organisations across Australia. 

Our virtual CFOs are also across the latest building and construction regulations, laws and financial reporting requirements.

What other services do you offer for building and construction?

As well as virtual CFO services, our team offer full business advisory services, bookkeeping services and accounting services. This includes taxation advice and services as well as:

  • Compliance advice and guidance
  • Asset protection planning
  • Business improvement advisory services
  • Retirement planning

 Learn more about our building and construction services

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