What is a Virtual Finance Director?
A virtual finance director (VFD) is a financial expert who provides strategic financial advice to a company, but typically works remotely rather than being based in the company’s physical office. VFDs are often hired by small or medium sized SME businesses who require financial expertise, but may not have the resources or need for a full-time, in-house finance director.
A virtual finance director may provide a range of services to a company, such as financial planning and analysis, budgeting and forecasting, cash flow management, risk management, and financial reporting. They may also provide guidance on tax and regulatory compliance, fundraising, and mergers and acquisitions.
Virtual finance directors typically work on a flexible, part-time basis and use technology to communicate with their clients, such as video conferencing, email, and project management tools. This allows businesses to access high-level financial expertise without the need for a full-time, on-site employee.