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Virtual CFO Services | Fractional CFO Services

Hovland Forensic & Financial offers virtual and fractional services expertise at fixed rate pricing. Our CFOs focus on strategic planning to help protect profits and manage cash flow. Work with a trusted virtual CFO to grow your company wealth today.

What is a Fractional CFO and Virtual CFO?

A fractional CFO or virtual CFO (chief financial officer) is a remote-based CFO—a real person—who provides high-level services to give your company. No matter the size of your business we provide the expertise, direction, and concentration of an in-house CFO. We just do it remotely as a consulting service.

An online CFO should be seen as an investment. Hiring someone with the experience of a big-business C-level executive without the cost of hiring a full time employee is where we come in.

We are more than just an accountant or a controller. This is high-level strategy—the type of work expected from an experienced financial executive.

We provide analysis for helping your team with cash flow modeling and break-even analysis.

Because of this strategic nature of the service, we schedule up to six virtual meetings per month. These meetings deal with cash flow, financial review, pipeline and practice development, banking relationships, and long-term goals.

Your goals are our goals: we want to maximize shareholder value, accelerate growth, and achieve profit goals.

Benefits of Fractional CFO Services and Virtual CFO Services

Our services: 

  • Help you understand your financial statements.
  • Provide cash flow analysis.
  • Build a strategic financial plan.
  • Minimize your business risks.
  • Control costs, profits, and hiring.
  • Maximize wealth for your company.
  • Manage cash flows in both good and slow economic times.
  • Meet your short term and long term financial goals.
  • Provide a qualified member of your C-suite team.
fractional cfo

Hovland Forensic & Financial’s services are customized to help your company reach its financial goals. We match the services needed to make your operations more profitable. Don’t need it? You don’t pay for it.

 We understand small business. Below is an example of some of the services we offer with the fractional and virtual CFO package.

Month End Close

We ensure accounting records include all the correct accruals and adjustment to give an accurate picture of operations. We verify there is supporting information for all major accounts. Accurate financial information is key to be able to make correct management decisions on the company’s future

Core Financial Statements

We provide a balance sheet, income statement, and cash flow statement in accordance with generally accepted accounting principles (GAAP). These will be statements that you can give to your banker and all shareholders.

Scheduled Meetings

We host scheduled virtual meeting to discuss the various aspects of your financials. Virtual meetings allow for face-to-face connection and are extremely productive for our clients.

Company-Wide KPI

We will provide the most critical company-wide Key Performance Indicators to help you reach your goals.

Break-even Analysis

Knowing your break-even point is crucial to the survival of your business. We not only calculate the break-even for you, we keep you and your sales department aware of the sales needed to keep the bills paid.

Free Cash Flow

Free cash flow is the amount of cash a business can utilize after all the costs have been paid. We design the Free Cash Flow to correspond with your forecast so you can not only see what you have, but what you are projected to make.

Financial Levers

What are your drivers for revenue and expenses? We will help you understand these levers and walk you through ‘what-if’ scenarios to better understand the effect of a decision.

Forecasting

A budget is the goal of the company, the forecast is the map on how you are going to get there. We perform a 12 month rolling forecast for your company so you can react to changes and head off any surprises in cash flow.

Pipeline Report

Revenue now is great, understanding where your revenue is going to be 2 -3 months from now is key. We help your sales department build a financial pipeline report and allow for enough time to pivot if cash flow will become strained.

Performance by Project

What is your cash efficiency by project? We help you understand the concept of cash efficiency which allows you to shift resources on the projects that truly contribute to the health of your company.

Team Member Performance

Service-based companies have employees who charge their time. We develop key metrics for each employee level. This allows management to understand the impact on personnel decisions and identify the revenue producers for each company.

Customized Department Reports

Not all information relevant to the health of our company is in the financial statements. Items such as customer satisfaction can have a tremendous impact on revenue and never appear in your general ledger. We develop metric reports to create additional resources that help managers understand the non-financial metrics affecting the bottom line.

Debt Planning and Reduction

We develop the necessary external funds needed models to help explain the benefits or risks encountered with expansion. If reduction is the focus, we help guide you through the process on getting away from excessive debt.

Bank Relationships

We develop and nurture your company's relationship with financial institutions. Additionally, we will coordinate Line of Credit reviews and get bids from other banks. We focus on getting the best rate and terms possible.

Resourse Planning

In addition to the forecasting, we will make sure the resources of each company are utilized to their fullest. Whether it is clearing a bottleneck or removing equipment that is not producing, we focus on all resources to get the best ROI.

virtual cfo services for small business

How can an fractional and virtual CFO help your company?

The outsourced CFO’s role is to help your existing employees meet financial goals and focus on an improved financial strategy.

We train internal staff to be an integral part of this financial strategy and lead you toward accelerated profits and sustainability.

While we love working with you, we want to prepare your company to grow large enough that a in-house CFO is required. We’re here to get you on the right footing.

Our CPAs will help maximize your profits through cash flow, compensation strategy, vendor contracts, and expenses.

We also help with systems optimization to ensure you’re getting accurate numbers when you need them most. We help with financial forecasting--both short and long term.

Our services take a deep dive into your business, industry trends, and goals to find the proper strategy for your company.

Why Choose Hovland Forensic and Financial?

Fixed Fee Pricing

Our fee structure has a fixed price for one year. There are no surprises. The services and price each month won’t change.

Experience

Our founder was a partner in a midsize public accounting firm for 20+ years. During that time, he oversaw the financials of large and small business. In addition to being a CPA, he is also a Certified Forensic Accountant

What makes Hovland Forensic and Financial different then our competitors? We have the ability and knowledge to secure your internal controls and guard against fraud in your organization. Traditional services, with additional expertise in forensic accounting. fractional cfo services

What our clients have to say:

"As a small business, it is very important to have key people on your extended team to help make sure you are not missing anything. Up until recently, I did not understand the value of the services that Hovland Forensic & Financial provides. After one meeting with them, they were able to clearly point out some key things that were missing in our bookkeeping. They were very easy to work with and took the time to explain everything in a way that was clear and made sense. We have implemented the strategies suggested and our business is moving forward in a better direction because of this"
testimonial
Kiele
Co-Founder Pedaling Innnovations

FAQ About Our Virtual Services.

Some of the most common questions we receive.

What does ‘virtual’ mean?

Technology is improving the ability to function outside of a formal office setting. For us, the ‘virtual’ aspect means we can access the accounting records remotely and communicate with our clients by web video, snap chat, email, and telephone. All reports–from forecast to financial statements–are made available to clients via a secure portal they can access at any time.

How do you help develop our staff?

Our founder was a partner in a public accounting firm and has been in the profession for 20+ years. Over that time, he’s been able to identify the common areas of improvement most new and seasoned accountants need. He utilizes this experience to work with our client’s staff to see where they are at, and how to increase their accounting knowledge. We strongly believe in training for success.

Is your pricing really fixed?

Yes. In our initial meeting we utilize a real-time worksheet for a proposal. The client can select the services needed. When the meeting is complete, the fixed cost is set. No one likes surprises in billing. We eliminate this obstacle right from the start.

Why don’t you list all of your clients?

Client confidentiality is extremely important. We are a part of the client’s C-team, and we treat them as if they are employers–not customers. We only list clients that specifically allow us to do so.

What is a forensic accountant?

In a nutshell, a forensic accountant is a highly trained accountant with additional certifications who can identify and uncover financial fraud. To become certified takes years of financial and internal control training, plus additional certification testing.

Additional information on our CFO services.

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Get your Free Virtual CFO consultation today!