Scotland-based accountancy agency Wbg has launched a brand new service providing part-time chief monetary officer (CFO) experience to help the monetary administration wants of small and medium-sized companies (SMEs).
The transfer is tailor-made to firms that don’t require a full-time CFO however nonetheless want skilled steering of their monetary operations and strategic planning, the corporate stated.
The fractional CFO service will complement Wbg’s current portfolio of monetary providers, which already contains areas similar to compliance, VAT, bookkeeping, administration accounting, and cashflow administration.
The brand new providing is designed to offer SMEs with the required monetary oversight and recommendation to facilitate their development and growth.
Skilled CFOs from numerous sectors shall be out there to help companies in setting and pursuing strategic objectives, formulating and executing monetary methods, and making certain monetary reporting and budgeting.
The service is especially geared in the direction of companies which might be within the technique of increasing or planning their exit, the corporate famous.
Catherine Livingstone, a associate in Wbg’s Accounts & Enterprise Advisory Service, stated: “With our new fractional CFO service, we intention to ship goal, unbiased steering that’s each versatile and conscious of the distinctive necessities of every enterprise.
“No two companies are the identical – every faces distinct challenges – and our service is designed to supply personalised options that tackle these particular wants.”
Livingstone added: “This service permits us to offer our SME shoppers entry to tailor-made monetary steering and strategic help. The fractional CFO service means a enterprise can have an in-house advisor on a versatile schedule, offering professional enter exactly when it’s wanted.
Lately, Wbg appointed Garry Clarke as the firm’s CFO.
Clarke, who brings expertise from his earlier roles together with finance director and COO at Localist, shall be chargeable for driving Wbg’s development plans.
He succeeds Yvonne Kemp, who transitions to help funding initiatives with Wbg shareholders N4 Companions.
“Wbg introduces CFO service for SMEs searching for monetary management ” was initially created and revealed by International Accounting Bulletin, a GlobalData owned model.
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