Virtual Cfo Solution

Challenge

Struggling to manage your finances?

Struggling to manage your finances? Businesses today need more from their accountants than just record keeping and tax compliance. The financial management challenges of a business will evolve depending on its business lifecycle stage. StartUps tend to be challenged with issues related to establishing an accounting system, bookkeeping and compliance. In contrast, SMEs tend to struggle with cash flow management and the lack of real-time financial insights to make data-driven decisions.

Firstlink Virtual CFO challenge

What's the Solution?

Most Start-Ups and SMEs require a finance professional who can provide insights that can influence the success of the business by bridging the gap between the numbers, operations, and strategy. FirstLink provides a scalable Virtual CFO solution which provides an outsourced finance expert who can help your business stay on top of its finances by providing high-level strategic financial advice. We act as your wingman by effectively becoming part of your senior management team and overseeing key aspects of your accounting function. Our virtual CFO solution includes:

1
System Review & Design

We can review and/or design your accounting policies, internal control procedures and systems.

2
Executive KPI Dashboard

We help management track the key business metrics that drive your business using our KPI Dashboard.

3
Management Reporting

We provide access to key financial and non-financial monthly business reports.

4
Business Review

We analyse your business operations, key opportunities, and potential risks to create a recommended action plan.

5
Forecasting & Budgeting

We create strong financial models by preparing forecasts, budgets and variance analysis to measure performance.

6
Tax Strategy & Planning

We engage in tax planning activities designed to postpone and minimize your tax liability.

7
Cash Flow Management

We help your business monitor, analyse, and optimize its working capital position to meet its daily bills.

8
Costing & Pricing

We utilize proper costing and pricing techniques to ensure your business breaks even and maintains profitability.

9
Bank Proposals and Negotiations

We liaise with commercial and merchant banks to arrange financing on behalf of your business.

10
Business Model & Strategy Planning

We prepare payroll reports and summaries by departments or locations.

11
Audit Preparation

We liaise with the external auditors to prepare audit schedules and ensuring that all queries are handled.

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Benefits of Virtual CFO Outsourcing

We believe that business finance is about more than just numbers. That’s why we love working with growing businesses to help them to understand the story behind the numbers. Our virtual CFO solution provides the following benefits:

Automate Systems & Processes

Automate Systems & Processes

We integrate cloud-based technology to automate your business systems and processes to improve efficiency and streamline your day to day operations.

Real-Time Insights

We provide real-time insights into the financial strength of your business and not just numbers by providing a monthly in-depth analysis of your financial performance and position with explanations and recommendations for it to all make sense

Real-Time Insights
Make Data Driven Decisions

Make Data Driven Decisions

We enable senior management to use our KPI dashboard and management reports to make data driven decisions to improve the bottom line of your business

Client Testimonials

Atlantic Tours and Travel Limited

The team at FirstLink has always supported us from inception with our initial company registration providing practical and knowledgeable advice to guide us during the startup process. Fast forward to present – They provide us with both accounting and business advisory services. We feel comfortable and at peace knowing that we can call on Richard and his team at any time day or night to deal with any complex accounting, legal, human resource or business challenge that we’re going through.”

MARIA SEEGOBIN
DIRECTOR, COMMERCIAL - ATLANTIC TOURS & TRAVEL LIMITED

For us, what distinguishes FirstLink from the many accountants we’ve dealt with in the past is their adoption of modern technology to reduce the tedious and administrative processes and their focus on providing clients with not only accounting services but value added advisory and consulting services. As business owners, we’re not necessarily savvy in finance or legal, however, we can always depend on FirstLink for any issue we are facing. We feel like the relationship with FirstLink is more partners for life as oppose to just a client – accountant relationship.

TAREL LAUGHLIN
MANAGING DIRECTOR - SALTWATER STUDIOS LIMITED
HERO TRINIDAD

The team at FirstLink introduced our business to Xero accounting. It has given us a lot more control over our financial information and for non-accountants; it is extremely easy to use. The Xero Mobile App easily allows us to send invoices to our customers on the go and tracks when the invoices have been viewed by them. I would definitely recommend Xero and FirstLink to anyone looking to implement cloud software to gain real time financial information to improve their business.

DAMION RICHARDS
CHIEF OPERATIONS OFFICER - HERO TRINIDAD
Playa Del Este Limited

Running a business can be a nightmare. Whatever can go wrong will go wrong. However, Richard, Aaron and the team at FirstLink have always been and continue to stay right by my side to provide their professional guidance and advice for every obstacle that we’re faced with. It’s a comprehensive service which is both personal and supportive of my business requirements whether its accounting, tax, human resource or industrial relations disputes.

SU-LAN HEADLEY
MANAGING DIRECTOR - PLAYA DEL ESTE LIMITED
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