Virtual Finance
We can help with:
- Tailored vital finance services.
- Transition & Training.
- Real-time financial information, 24/7.
- Risk & Financial Planning.
- Access to Finance Experts who behave like colleagues.
- Consistent controls & processes across portfolio companies.
- Improved reporting & insights, in secure & encrypted hosting.
- Scalable solution, whether upscaling or downscaling.
TAKE A DIFFERENT APPROACH TO FINANCIAL MANAGEMENT.
Finance is at the heart of any business. As you grow and develop, you need a finance team that can flex to your fast changing needs. You could recruit and train new finance people. But there is an alternative. The Virtual Finance Function from FPM.
From day one, you’re gaining an experienced finance team that already knows your sector and will take the time to understand your business. The platform is backed by advanced financial technology that gives you the information you need to make astute and informed decisions. So what does this look like in detail?
The team has offered tremendous support to both myself and our company. They are very professional and the best compliment I can pay is, that as a family business and the person responsible for the finances, I have never at any time felt the level of comfort I now have.
Although as a growing company I knew we needed to engage with a finance partner I was very wary, so it’s great to report we are absolutely delighted with the relationship.
BUSINESS THE WAY YOU WANT TO DO IT
Whether you’re an entrepreneur, SME, privately owned or listed business, a multinational, AIM Listed company or public or social sector organisation, your Virtual Finance Function will be tailored to your specific needs. Our virtual finance function, or VFF for short, strengthens your business with a specialist team of industry experts who will become your finance team. They provide in depth advice and expertise as well as ensuring all the day-to-day accounting tasks are completed quickly and efficiently.
If you scale, your virtual finance team scales with you bringing in new people from our existing team as we change and adapt to meet your specific business needs.
But your Virtual Finance Function is about more than just people. You also have access 24/7 to a full customisable platform that is tailored to your individual requirements. This means you can immediately see how your business or your portfolio of businesses are performing. More importantly, this data then provides a vision of how your business can grow and develop on the Island of Ireland, the UK and overseas.
Your Virtual Finance team is then on hand to provide advice on the financial viability of each step.
Virtual Finance Function, or VFF for short, works alongside your business to ensure you have access to the right levels of expertise, matched exactly to the complexity of your requirements. By drawing on the skills of the whole team at FPM and the wider AAB Group, we can provide a fully outsourced finance function solution and essential, timely financial information to make evidence-based decisions that enhance both your confidence in the data and your business agility.
This saves you time and empowers you with the insights that can support you to run your your business, utilising a suite of key performance indicators to manage overhead spend, forecast cashflow and ensure that the information is usable and meaningful. These are some of the crucial advantages of the VFF service.
ADAPTABLE AND EASY TO USE
WHAT DO YOU GET WITH A VIRTUAL FINANCE FUNCTION?
At FPM, the Virtual Finance Function is provided by our dedicated and experienced team, who are specialists across all the different aspects of the finance function. They’ll ensure your business is always compliant, as well as managing your day-to-day finances efficiently, proactively and on time.
VFF is a bespoke flexible service that takes advantage of the latest accounting technology. You select the services you need, depending on your organisation’s resources and set-up. Along your business journey, we can adapt those services to cater for temporary or longer term changes in your business, such as a restructure, fundraising, merger or acquisition.
You’ll have easy access to them on a regular or ad-hoc basis, all via one convenient point of contact. Everything about our VFF is designed to be dependable and give you real peace of mind.
HOW DOES VIRTUAL FINANCE WORK IN PRACTICE?
We’ll start by fully engaging with you, to understand your business and your needs. We’ll review your existing system and use our technical knowledge and experience to select appropriate, dependable applications that will integrate effectively.
By managing all aspects of the transition process and focussing on building strong relationships with your in-house team, we’ll ensure your VFF service will work efficiently from day one and you’ll have access to wide and deep specialist expertise within FPM and the wider team at AAB.
If your business is looking to embrace technology and you want more from your finance function, then our VFF solution will be deliver exactly what you need.
VIRTUAL FINANCE FUNCTION BENEFITS AT A GLANCE
- A fully bespoke solution tailored precisely around your requirements.
- Delivered by experienced specialists who take care of your vital finance services.
- We manage the entire transition process, including training if required.
- Gives you easy access to invaluable real-time financial information on your business.
- Easy, continual access to experts who’ll answer your financial queries.
- Adapts to your business circumstances, whether upscaling or downscaling.
- Allows you to concentrate on running and growing your business.
- Can avoid the need to release equity to attract key finance staff.
Saves you the time involved in:
- Recruiting skilled people for all the various roles associated with managing your finances
