"I have many components to this puzzle and I don't think there is any part that gives me the confidence and assurance that I have 'nailed' the perfect partnership quite like I have with your company. I am so grateful we are working together to make an impact in this world."
Bobbie Cox,
Postal Vault Eco Solutions.
FAQs
What is Fractional or Interim Financial Support?
Fractional or interim financial support involves using a non-employee resource to support some or all of the financial functions of a company. This may be on an ongoing, part-time basis, full-time covering an absence of staff or as a project resource. At vcfo, we offer experts to fill this need.
Why use Interim or Fractional Financial Support?
- Gain access to very seasoned professionals from the strategic CFOs, Controllers and HR Personnel to tactical Office Managers
- Tap collective best practices for modeling, as well as processes and policies for finance, accounting and HR
- Only pay for what you need, when you need it
- Benefit from current and applicable market knowledge and relationships leveraged to assist your company
- Rightsize the need to the resource
- Ensure your business continues to run smoothly if an employee will be gone for a period of time
What industries does vcfo work with?
vcfo has worked with a variety of clients representing a wide range of industry segments and sizes. Some of those include: software, biotech, manufacturing, semiconductor, life sciences, service providers, energy, utilities, internet, retail, telecommunications, medical devices, real estate, film production, wireless, retail manufacturers, media, restaurants, non-profits, construction, distribution and many more.
What types of companies does vcfo work with?
vcfo has worked with over 750 companies including venture-backed startups, family owned businesses, mid-market and public companies.
Who are vcfo personnel?
At vcfo, the key to our success is hiring and retaining very experienced and versatile professionals. Our staff has been in the trenches working with companies in good times and trying times and brings a wealth of experience to each engagement.
How would vcfo work with my company?
vcfo takes a professional services approach to providing its services on an as-needed basis. We dedicate a team of professionals to each client company based on their requirements. With a staff of very seasoned strategic and tactical professionals, we are able to place the appropriate level of personnel on the appropriate tasks at a rate that is very cost effective. This results in a support structure that is very flexible, affordable and scalable for our clients.
How does vcfo charge for its services?
vcfo charges by the hour with no minimum fee required and no continuing contractual obligations.
Does vcfo accept payment in the form of equity?
Typically, vcfo does not accept equity in lieu of payment.
Where does vcfo staff work?
We tend to work most frequently at the client company's offices. This allows us to effectively respond to your questions and issues on a face-to-face basis. However, if office space isn’t available, vcfo staff can work offsite with periodic update meetings as needed.
Does vcfo only have CFOs on staff?
No, our staff is comprised of experienced CFOs, Controllers, Staff Accountants, Office Managers, HR Professionals and systems implementation experts. This ensures you receive the most appropriate blend of skills and the most efficient cost mix.
What are the benefits of your service over an individual contractor or full-time employee?
While there are many good individuals in the job market or available to contract at any given time, they often have the experience of only working with a few companies and industries. Each of our staff has worked with multiple companies across many industries. In addition, vcfo has turned 10 years of experience with over 750 clients into best practices that are shared with our staff through on-going training. As a result, you gain access to the knowledge and expertise of vcfo through seasoned vcfo team members.
Can I select my vcfo team?
Yes, we typically try to match someone from the vcfo team with the appropriate skill set and personality fit for each client engagement. We encourage clients to meet with the vcfo associate before starting the engagement to ensure there is a fit.
What happens when I'm ready for a full-time resource?
We work with our clients to proactively support the transition to permanent in-house staff when appropriate and can also support your company by finding the right person to fill the position. When a person is brought on board full-time, the vcfo team works closely with them to ensure a smooth transition. Going forward, we can also mentor your team as needed after transition in areas where you want to tap our expertise and familiarity with changing market conditions.
How long does vcfo typically work with a company?
The vcfo team stays with a company as long as necessary. The amount of time depends on each client's specific needs. For startups, the vcfo team is most often used on a part-time basis and is transitioned out as their positions grow to require full-time attention. For larger clients, the vcfo team is often used as an interim resource to back fill for the absence of a full-time employee or to lead a project. In other cases, vcfo staff is used to augment a client's team when additional resources are needed or to provide particular expertise from time to time. Engagements range from a few months to several years.
Does vcfo also provide Human Resource solutions?
Yes, vcfo provides Human Resource solutions that complement vcfo's Financial and Administrative Infrastructure services. Our HR professionals and financial associates team up to deliver the best operational strategy for each company, streamlining processes from benefits and stock option plans to job descriptions and employee handbooks.
Are you a CPA firm (i.e. can you do our tax returns, audits, sign as CFO, etc...)
No, vcfo is not a CPA firm. vcfo typically serves as an alternative to a full-time in-house finance executive. While we can help a company prepare for these kinds of activities, tax returns and audits are activities performed by an outside independent CPA firm. In fact the party performing the external independent audit relies on the internal work of the company. vcfo can help select the right external CPA firm resource and work with the company to ensure that all internal deliverables are finalized to ensure a smooth audit.
How is vcfo different from a staffing agency?
vcfo provides interim and fractional financial and operational support on a professional services basis. While we do help our current clients' transition to full-time personnel when they are ready, and often help our former clients locate additional resources when needed, we are not primarily focused on the business of professional placement.
What differentiates you from your competitors?
- Senior-level expertise
- Majority of staff are vcfo employees
- Internally developed "tried and true" best practices and collective shared expertise
- Tailored support for your needs – every client's requirements are unique
- Current and continuous training
- Current market knowledge and relationships
How do I get started with vcfo?
Call Corporate Headquarters at 512-345-9441 or complete our contact form.