TWIYO Launches Virtual CFO Lite Offering for Early Stage Businesses
Revised delivery & implementation of tiers for our Virtual CFO (VCFO) program
After plying our trade as Finance Managers, CFOs and Accountants in commercial practices, and now running this business for over 2 years, we understood that the delivery and cost was not meeting the needs of all early stage businesses. There is no one size fits all approach. Therefore, we decided to create ‘VCFO Lite’.
Key Points:
- We are now offering 2 different tiers of our VCFO program: lite and plus
- Plus is the equivalent to how we currently work with all of our clients, and caters up to 2 operating entities per month (additional operating entities can be added at a charge)
- Lite is designed for lite touch, reduced scope, single entity businesses, and helps us look after more early stage companies
- Below is a concise summary of our programs
Further Detail; New Virtual CFO offering and tiered approach
WHO IS VCFO LITE BEST SUITED FOR?
Virtual CFO Lite is a light touch program for early-stage single entity businesses looking for reporting, budgeting & guidance. This is for owners of small or growing businesses with a simple business structure, one operational entity, who prefer a DIY approach. The Company wants to amplify their finance operation, but is happy to get on with improving the business themselves. This tier includes initial forecasting & and a financial model build with an annual reforecast, End of Month (EOM) reporting, board reports, compliance checks, and a monthly checkpoints call.
WHO IS VCFO PLUS BEST SUITED FOR?
Virtual CFO Plus, our existing comprehensive program for growing businesses with more complex affairs that require frequent guidance. This tier is for owners with two or more operational entities, and owners of businesses with high growth ambition, targeting efficiency gains, perhaps with investors to report to. This includes initial forecasting & financial model build (2 or 3-way financial model as needed), bi-annual reforecast, End of Month (EOM) reporting, board reports, compliance checks, consolidated reporting, decision support, fortnightly checkpoints call and email & meeting access.
WHY THE NEW TIERS?
We are optimising our pricing and expanding the breadth of our service offerings. This will allow us as a company to offer better and more relevant service to our evolving client base. We will speak to you about how much reforecasting you really need, be it quarterly or bi-annually, and then set that in our workflows.
What’s the difference between an operating and non-operating entity? Non-operating entities include IP companies, holdings companies or other dormant, super low volume entities. Operating entities include all other operational companies.
HOW CAN I GET INVOLVED
You can learn more about our VIrtual CFO program here.
Or you can contact us if you want to learn more how a Virtual CFO can add value to your business.
Ryan has the foundations of large chartered firms and multi-national businesses, but it wasn’t long before he found his home in the private and entrepreneurial space, having raised, scaled and exited businesses from the inside. Since TWIYO's inception in 2020, Ryan has consulted at a CFO level to over 100 scale-up businesses - driving its recognition as an AFR fast-starter.
