FiveFold Virtual CFO Services
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Strategic financial advice
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Monthly or quarterly management reporting
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Actual-to-budget reporting
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Cashflow forecasting and management
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Key metric, ratio and KPI reporting
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Regular focus meetings with management
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Profit maximisation
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Break-even analysis
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Annual and long term budget development
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Strategic financial modelling
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Debt planning and reduction
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Cost management strategies
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Revenue growth strategies
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Process efficiency improvement review
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Data analysis for improving performance
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Annual financial statements and reporting
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"Many companies, startups, small business owners, and non-profits have started to engage Virtual Chief Financial Officers (VCFO) to help manage their financial figures and to provide strategic guidance to make better business decisions, a role that traditional bookkeeping and accounting services do not provide.
A virtual CFO performs all the services of an in-house chief financial officer but usually on a part-time basis. As a result, CFO services make access to strategic financial support more affordable as organisations only need to engage VCFOs for the specific services they need and when the business needs them.
At FiveFold Financial we build close relationships with our client business leaders, who rely on us to ensure their financial information is accurate, understand how their businesses perform, and provide better insights that assist them to make better strategic financial decisions."
Justin Brook
Co-founder of Fivefold Financial
FiveFold Business Advisory
Specialist on demand services assisting with:
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Business strategy
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Business planning
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Financial modelling procedures
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Risk management framework reviews, including assisting with risk register development
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Legal and regulatory compliance controls and procedures
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Due diligence procedures
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Assistance with best practice policies and procedures development
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Financial sustainability and health checks
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Governance best practice advisory services to the board, including board performance reviews
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FiveFold Financial Audit
Providing audit services in:
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Statutory external audits
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Internal audit services providing insights for effective systems of internal control
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Forensic investigation and auditing
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Probity auditing and advisory services
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Business internal controls health check
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Performance auditing - evaluating the utilisation of resources to ensure most effectively and efficiently used
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Compliance audits
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Funding acquittal audits
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Agreed upon procedure audit projects
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Real estate and solicitor trust account audits
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Policy and procedures best practice reviews
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Corporate governance - assisting directors and audit committees in implementing and maintaining effective systems
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"Often clients engage auditors to meet their legal requirements, but an audit is so much more than ticking off a statutory compliance obligation, it plays a critical part in providing key stakeholders comfort over the financial information they use to make key business decisions. As auditors we recognise the increasing complexity of modern global businesses and ever changing risks and that our audits must go well beyond just 'the numbers'. Our approach is multidisciplinary, involves an increased level of audit partner involvement and demands a deep understanding of the business, its operations and the overall control environment. We are passionate about finding ways to our help clients, recognising the need to provide more than the audit opinion or reporting on issues, but to identify control and process efficiency improvement opportunities, with recommendations that are both constructive and practical for our clients."
Rochelle Wrigglesworth
Co- founder of Fivefold Financial