Company FAQs

There are common questions we get from prospects searching for financial consulting firms, tech firms or human resources consultants. We’ve highlighted key company questions we think may be helpful to you. If you have further questions you can call us at 512-345-9441 or send us an email at info@vcfo.com.

What services does vcfo provide?

vcfo is a professional services firm that provides finance, recruiting and human resources solutions.

What is Outsourced Financial Support?

Outsourced Financial Services Support entails using a non-employee resource to support some or all of the financial functions of a company.

Why use Outsourced Financial Support?

  • Access to very seasoned professionals ranging from strategic CFO’s, controllers and HR personnel to very tactical office managers and bookkeepers.
  • Tap into best practices for forecasting, evaluating and enhancing infrastructure and developing, processes and policies for finance, HR and recruiting.
  • Only pay for the time you need, when you need it
  • Incorporate current and applicable market knowledge and relationships leveraged to assist your company

What industries does vcfo work with?

vcfo has had the opportunity to work with a variety of clients representing a broad range of industry segments and sizes. While many of our employees have significant vertical experience they are also generalists and have a wide array of industry experience. Some of the industries we work with include, but are not limited to:

  • Biotech
  • Clean Tech
  • Clinical Testing
  • Distribution
  • Film Production
  • Gaming
  • High Tech
  • Life Sciences
  • Manufacturing
  • Media
  • Healthcare
  • Medical Devices
  • Oil & Gas
  • Professional Services
  • Real Estate
  • Retail Manufacturers
  • Retail/Restaurants
  • Semiconductor
  • Service Providers
  • Software
  • Tangible Products (Distribution, Logistics and Manufacturing: On- and Off-Shore, Import/Export, etc.)
  • Telecommunications
  • Transportation
  • Utilities
  • Wireless

What types of companies does vcfo work with?

vcfo has worked with over 2,000 client companies in many different industries and sizes. vcfo’s client base represents high tech companies, traditional mid-market businesses as well as established public companies.  We work with companies in all stages, from start-up and early stage to well-established corporate organizations.

Who are vcfo personnel?

All personnel are vcfo employees. 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. This experience, as well as working with multiple clients, provides a very powerful value add to our current and future clients.

How would vcfo work with my company?

vcfo takes a professional services approach to providing its services on 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. Typically team members work with clients on a part time basis. Schedules can change weekly to meet client needs. 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?

In general, vcfo does not accept equity in lieu of payment.

Where does the work get done?

We prefer to work at the client company’s offices.  This allows us to effectively respond to your questions and issues on a daily basis. However, if office space isn’t available, vcfo staff can work offsite or from the vcfo offices with periodic update meetings as needed.

Does vcfo only have virtual CFOs on staff?

No, our staff is comprised of experienced CFOs, controllers, bookkeepers, office managers, HR and recruiting professionals. This gives you a blend of skills and the most efficient cost mix.

What are the benefits of your service over a full-time resource?

While there are many good individuals in the job market 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 the process, we see a large number of equity and debt financings, work with a vast number of legal firms and banks and see first-hand what characteristics are displayed by successful and not so-successful companies.

Can I select my vcfo team?

Yes, we typically try and 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 employee 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. We work closely with your full time team once they are on board to facilitate a smooth transition. We also mentor them as needed after the 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 on an as-needed basis. The amount of time depends on each client's specific needs. Often we are engaged as the company is facing an opportunity or crisis that creates a need for strategic planning and additional help at some level. Occasionally clients have hired us as a fill in resource for a full time employee out on a leave while other clients engage because they need additional bandwidth from time to time. We have engagements that last for many years as most of our clients never need their own full-time CFO.

Does vcfo also provide Human Resources services?

Yes, vcfo provides Human Resource services that complement vcfo’s Financial 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.)

vcfo is not a CPA firm. 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. vcfo can help select the right outside firm and work with them seamlessly as your in house team.

How is vcfo different from a staffing agency?

vcfo provides on demand expertise. To do that we have highly qualified employees on staff ready to deploy. A staffing agency typically places full-time resources into client situations. They sell that they can perform services and then staff the work with a contractor solution or someone they then call. Most financial consulting firms providing staff are of the staffing agency model.

What differentiates you from your competitors?

  • Senior-level expertise – our team members average 20 years of experience
  • On demand support – delivered by the right level of expertise and at the right price point
  • All staff are vcfo employees – not contractors
  • 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?

Just give us a call at 512-345-9441 or send us an email at info@vcfo.com. We will be happy to set up a time to assess your needs and make recommendations on how we can help your organization.