In larger organisations the Chief Financial Officer is responsible for key strategic tasks such as management reporting, business planning and corporate advisory services. The CFO typically works with the owners to help set the strategic direction of the business. We recognise that many smaller entities do not have the means of accessing these vitally important skills, thereby placing them at a significant competitive disadvantage.
At DJ Smith Group we have extensive experience acting as virtual CFO for a wide range of entities. We can provide these services on a regular basis, or in respect of specific projects.
Amongst the key areas in which we can add significant value to our clients are:
- Identifying and reporting on key performance drivers and trends
- Developing budgets and forecasts
- Implementing and enhancing accounting systems and reporting mechanisms
- Hiring, training and retaining key staff
- Maintaining relationships with external organisations including banks