At ServPRO, our mission is two-fold and includes the provision of world-class professional services that exceed client expectations. In this endeavour, we strive to ensure our clients get the best possible service and provide new services to enable them to focus on achieving sustainable success and profitability growth. 

This week’s newsletter article places the spotlight on Outsourced Chief Financial Officer (CFO) services by ServPRO.  

In this context, have you ever considered how an outsourced CFO can contribute to your business’ financial strategy? Here’s our perspective:  

Unlike internal accountants and financial controllers who are mainly involved in the record keeping, maintenance of accounting books, tax management and financial reporting, an outsourced CFO’s role is to develop a financial strategy that takes into consideration the current needs, challenges and goals of a business, ultimately leading the way for its sustainable growth and success.  

Founders of businesses often spend years running, marketing, and managing the finances and operations of their organisation. As the business grows, however, changes are constantly required causing Founders to hire experts and finance leaders to help them move the business forward to the next level.  

Taking into consideration current technological developments and digitalisation across the globe, as well as the need to maintain high profitability and navigate the business through unchartered waters of global events like pandemics and inflation, engaging CFOs via outsourced contracts has become the ultimate norm. In fact, an outsourced CFO produces the same C-level quality work output at a lower cost than an inhouse full-time resource.  

In addition, outsourced CFOs add valuable bandwidth to a finance team and bring considerable, multi-dimensional experience and established expertise that is strategically invaluable to the business.  

At ServPRO, we employ professional experts who can undertake the role of a CFO tailored to the needs of a business as it scales. Engage an outsourced CFO by ServPRO for:  

•    Financial strategy

•    Budgeting and forecasting

•    Evaluation of accounting systems and internal controls

•    Financial reporting

•    Capital raising

•    Mergers and acquisitions (M&A)

Learn more about our Outsourced CFO services by viewing our dedicated brochure here.