A useful management pack.
Management reports, agreed performance indicators and budget-versus-actual analysis, with explanations of material movements.
Virtual CFO
Virtual CFO.
Finance with direction.
Give your financial reports a role in what happens next. Veritas provides remote Virtual CFO support for businesses, connecting performance, budgets and cash-flow planning with regular management discussions.
Discuss Virtual CFO supportRemote support for businesses across the Middle East and beyond.
What the work makes possible
See the position.
Set the priorities.
A management report should lead to useful questions. Explore performance, cash and priorities in this illustrative management view.
VERITAS / MANAGEMENT VIEWILLUSTRATIVE EXAMPLE · USD
From the report to the question.
Example management periodScale: USD 100,000 · vertical ticks show budget
Revenue92,000Budget: 100,000
Operating costs63,000Budget: 60,000
Operating contribution29,000Before other items
THE NEXT QUESTION
Revenue is 8,000 below budget and operating costs are 3,000 above. Which drivers explain the movement?
Simplified management figures only. Operating contribution shown is revenue less the operating costs displayed, not a complete profit statement.
A forward view of cash.
Budget updates, cash-flow forecasts and working-capital planning to help evaluate upcoming commitments.
Time for the decisions.
Scheduled financial discussions and analysis to support hiring, spending and growth decisions. Frequency and responsibilities are agreed.
A closer look
From a reporting pack
to a working conversation.
Choose a perspective to see what an outsourced finance discussion can cover. The aim is to connect the information to a decision, rather than add another report to the inbox.
VIRTUAL CFO / SCOPE EXPLOREREXPLORE THE WORK
What changed, and why?
Budget-to-actual reviews compare the plan with reported results. We examine significant movements and the business drivers behind them so management can decide what needs attention.
Revenue versus budgetVolume, pricing and timing
Costs versus budgetSpending drivers and material movements
Management indicatorsMeasures relevant to the business
Your management pack focuses on the indicators and decisions that matter to your business.
What is already committed?
Cash-flow planning looks beyond the bank balance. We examine expected collections, supplier payments, payroll and other commitments to understand the timing of cash needs.
ReceivablesExpected collections and overdue amounts
PayablesUpcoming payment commitments
Cash forecastThe effect of timing and planned spending
A forecast depends on current information and assumptions. It is updated at the frequency agreed in the engagement.
What would this commitment change?
Management may need to compare the financial implications of a new role, a larger cost base or an expansion plan. We use the agreed reports and forecasts to frame the trade-offs.
HiringRecurring cost and cash implications
SpendingBudget capacity and timing
GrowthResources, cash requirements and scenarios
Management retains responsibility for approvals and business decisions. Specialist services are included only where expressly agreed.
- ALIGN
Agree the priorities.
Clarify the decisions, current finance setup, available records and the reporting and discussion schedule.
- ASSEMBLE
Bring the information together.
Prepare the agreed management reporting and indicators, using the financial information available from your team or bookkeeper.
- INTERPRET
Connect results to the plan.
Review performance, budget movements and the cash outlook. Identify the questions that need a management decision.
- REVISIT
Update the forward view.
Reflect agreed assumptions and decisions in the relevant budgets and forecasts, then revisit priorities at the next scheduled review.
Before we begin
A few useful
answers.
What is a Virtual CFO?
A Virtual CFO is an outsourced finance professional who provides financial planning, reporting and decision support remotely. The work can include management reports, budgets, cash-flow forecasts and scheduled discussions with management. Your management team provides the business information and remains responsible for decisions and approvals.
How is Virtual CFO support different from bookkeeping?
Bookkeeping records transactions and reconciles accounts. Virtual CFO support uses financial information to interpret performance and support planning. Reliable books are an important input; bookkeeping is included only if separately agreed.
Is this suitable for a startup or SME?
Yes. We welcome startups and SMEs as clients. Support can focus on cash requirements, budget movements, hiring commitments and growth plans, with the scope shaped around the business’s needs.
How often will we meet and receive reports?
We agree a reporting and review schedule around your decisions and the availability of your records before work begins.
Can you work with our existing accounting team?
Yes. We can work with information supplied by your existing bookkeeper or finance team and agree who prepares the records, provides the inputs and approves decisions.
Do you offer remote CFO services across the Middle East?
Yes. Veritas works with businesses across the Middle East for remote Virtual CFO engagements, as well as international enquiries. Service suitability and responsibilities are confirmed before engagement.
Your next step
Bring your next decision
into focus.
Tell us what you need to understand about performance, cash or growth. We’ll discuss a reporting and review scope that fits.
Discuss Virtual CFO support