LB Group
Professional, Proactive, Partner-led advice

 

IPSWICH
01473 359720
COLCHESTER
01206 867551
CHELMSFORD
01245 254780
LONDON
0208 221 8282

Professional, Proactive,
Partner-led advice

MAKE AN
ENQUIRY

LONDON: 0208 221 8282
CHELMSFORD: 01245 254780
COLCHESTER: 01206 867551
IPSWICH: 01473 359720

Email: info@lbgroupltd.com

Virtual FD / Cloud Advisory

What is a virtual finance director?

A virtual Finance Director (FD) is an on-demand adviser that can provide in-depth analysis and advice on your company’s performance to help grow your business.

Why do I need this service?

In 2014 it was reported that roughly 50% of small businesses do not last more than five years. While there are several reasons for small businesses failing, many simply are not making the wisest financial decisions and planning – and this is where having the insight from a FD comes into its own. Not only can having an FD on-board help the survivability of a company, but it can enable the strategic plan in place help the company grow.

Most small businesses cannot afford a full time FD and therefore by subcontracting out this role, a company can greatly reduce the cost of this valuable service.

How is this achieved?

LB Group use a combination of powerful cloud based software – Xero and Crunchboards – and experienced business leaders to offer a streamlined service.

Once your company information is up to date, we produce insightful reports and analysis to help you understand how your business is currently performing and how to achieve your objectives. Meetings can be booked in either quarterly or monthly on the phone or via a video conference to offer advice.

As a client of our virtual FD service you will have access to powerful reports and analysis to easily demonstrate your company’s financial position.

Forecasting and planning in advance of where the company should be helps monitor and identify key growth areas.

The service can include:

  • Financial advice from live data
  • Speaking to a qualified accountant on a regular basis.
  • Helping you focus on key areas of your business to drive growth.
  • Performance reports, including tracking key performance indicators and financial data.
  • Strategic planning.
  • Forecast where you want the company to be in the coming years.
  • Compare data with last year’s actuals or against budgets and forecasted information.
  • Non-financial KPI data reporting.
  • Client access to 24-hour dynamic reports on your mobile or laptop device.

LB Group Limited registered in England © 2017 Company Number: 2796741. Associate Directors are not statutory directors of the firm.

Chubb Insurance Company of Europe S. E, Policy Number: 82182733E. Limit of Indemnity £4 million on any one claim.