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Business Profile: Practical CFO

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About Practical CFO

 
Practical CFO (PCFO) are an experienced group of people who want to help SMEs and other start-up companies succeed in their endeavours. To do this, they use data from the company along with financial and technological insights to advise the client business on their next steps. 

They also assist companies with their financial compliance, especially those that have no financial experience. 

PCFO’s advisors can work alongside the client business’s board of directors and management to help the business during its early stages of growth. This is an important time when growth and sales are vital to the onward success of the client company. 

 

Wide-ranging expertise

 
Practical CFO has expertise in many areas of business, so companies don’t have to seek help from several firms at one time. 

 

 

Financial director consultants

 
For companies that may have lost their way financially, Practical CFO offers commercial and interim financial director consultants that help the management and board of directors to put a strategy in place. 

The consultants deal with all of the reports and figures for the business, taking that burden out of the management’s hands. They can also offer a fresh perspective on the company and where it is going financially, so that everyone has a clean picture moving forward. 

They can also advise on funding applications, exit strategies and potential acquisitions so that there is minimal risk to the client company. 

 

Growth strategy advisors

 
Business owners can become weighed down with the day-to-day running of a company and lose sight of where they want the business to go in the future. This is where growth strategy advisors can help. 

These advisors are experienced in looking at where a company is now, and where it needs to be in the future. They can also advise on the best course of action to reach that goal. The advisors are a good alternative to a permanent member of staff, as they have the benefit of seeing the wider business and where good opportunities can be found. 

Growth strategy advisors can look at cash flow strategies, help a business with the planning of its resources to get the best results, and set realistic growth targets that the client company can reach. 

 

Technology business support

 
Emerging technology businesses can have a hard time at the beginning because of the financial commitment needed to grow. Experienced technology finance advisors can help companies gain the funding they need to grow and build a solid base for the business. 

Advisors can help raise finance from investors, secure loans with banks and other financial institutions, get access to government grants, and deal with mergers and acquisitions. 

With this information available, technology companies can effectively plan their strategy and work towards growing their customer base and reinvesting in the company. Advisors will also make detailed reports regarding the finances of the company so that the management and board are fully aware of its financial state. 

Outsourcing these essential roles to an outside company frees up businesses to work on growing their company and getting results instead of trying to juggle too many things at one time.

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