What is Virtual Financial Oversight?

Most organizations tend to focus their energy and funding on program or service delivery. Limited resources are made available, or sometimes even provided, to pay for full-time professional financial expertise. 

In today's funding environment, then need to properly plan, execute and report on program deliverables and funding is even more important, but the resources to achieve this are lacking.

Meet the virtual CFO. The Virtual CFO is available to your organization on a temporary or as needed basis. Regular, on-going part-time engagements are also possible. Tap into the skills and experience of a top-level financial executive without the associated costs.

What Services are offered by a Virtual CFO?

As a Virtual CFO, TFMI will:

• act as an advisor to the Executive and Board,
• participate and lead in the decision making process, develop and oversee budgets,
• secure a line of credit and other credit facilities,
• manage funding receivable and accounts payable,
• prepare financial forecasts and manage cash flow,
• develop and deliver financial and operational management reports,
• attend key meetings with funders, bankers and stakeholders,
• manage banking relationships,
• assist with risk management and governance,
• implement IT-finance solutions,
• focus on improving accountability and transparency to the organizations membership as well as its funders.