Cambria Sensors

“Our vcfo CFO swept through, reorganized and rationalized the corporate books, optimized the financial structure of the company and put us on an even keel. She is efficient, friendly and has the long-term benefits of the company in mind. There is an inherent trust we have with vcfo. Our virtual CFO is of sterling worth.”

Douglas Johnson, CEO
Cambria Sensors

Omniprobe, Inc.

“When our CFO started with Omniprobe, he immediately brought direction and stability to the financial reporting systems and processes, preparing us from day one for an eventual sale. His guidance and foresight led us successfully through our first public audit and resulted in a very efficient due diligence process. His CFO consulting support resulted in our successful acquisition at an increased valuation. He then organized and led the critical post-acquisition activities of integration into a large public corporation and even helped hire and train his own full-time replacement. I believe that we would not have had as successful an outcome without him. In fact, it is quite possible that the acquisition would not have occurred without his experience and commitment to success. And along the way, he saved us over $100,000 in taxes! His wealth of experience and enthusiasm would be welcome in any organization.”

Tom Moore, President
Omniprobe, Inc.

Huselton, Morgan & Maultsby, PC

“vcfo has worked with me on several mutual clients. They are dedicated to providing exemplary client service and solutions to difficult issues while performing in a professional manner.”

Steve Allen, Partner
Huselton, Morgan & Maultsby, PC

Clear Water Resources

“We needed controller and financial strategic support and looked to vcfo to give us a strong controller and CFO team. We needed resources that we could scale up and down, with flexibility to meet our needs. Melinda and Bill worked well together, and developed a strategy and execution plan to not only assist with us with day-to-day functions, but provide forward-thinking guidance by developing workflows, processes and policies. The result of their work was outstanding, and created efficiencies in these functions. We have enjoyed working with Bill and Melinda and would definitely recommend vcfo to another client.”

Charles Manning, Vice President
Clear Water Resources

National Trauma Institute

“Making the decision to work with vcfo is one of the best decisions we have made—not only did we receive a far higher level of expertise and quality of service, the costs have been dramatically less than paying our own employee a full-time salary. Further, vcfo made immediate recommendations to lower operating expenses. vcfo is one of the top financial recruiting firms and is our future.”

Sharon Smith, Executive Director
National Trauma Institute

Integra Ventures & Point B Capital

“vcfo represents an affordable and flexible resource to start-up companies. Most emerging technology companies don’t need full scale CFO capabilities, yet they can’t afford costly rookie mistakes with their accounting and capitalization. vcfo provides experienced people and a variable cost structure that fits the age and stage of emerging businesses. We have a great partnership.”

Joseph K. Piper, Managing Director
Integra Ventures & Point B Capital

Wind Energy Transmission of Texas (WETT)

“Initially WETT had no local presence with Board members and shareholders located in Canada, Spain and the northeast US. We brought in vcfo CFO and HR consultants during the initial company start-up in 2009 to assist in establishing that local presence. They took the lead in physically setting up our office, from identifying the office space to helping with the IT set up. vcfo helped establish and administer benefit plans, created employee policies and practices, set up and processed payroll, provided compensation program recommendations and developed onboarding and performance management systems. As the permanent WETT team was developed, vcfo worked on-site with our teams to organize the financial policies and controls, select tax advisors and auditors and open bank accounts, among other crucial details needed for any new business. Even though we are now at full-staff, they continue to provide ongoing HR and financial support as they have since the company opened and are an invaluable resource for us as we’ve grown the business.”

Wayne Morton, General Manager
Wind Energy Transmission of Texas (WETT)

Living Direct, Inc.

“As a business owner, it has been imperative to partner with great people and partners to grow our business. During a time of incredibly rapid growth, we depended on the expertise and guidance provided by vcfo relating to an array of HR matters. We gained access to expert advice at a reasonable variable cost relative to bringing on a full time HR professional which allowed us to focus on growing our business. We continue to thrive in large part due to the assistance of vcfo in putting great people programs, processes and policies in place. Looking back, bringing vcfo was one of the best decisions we ever made.”

Rick Lundbom, CEO
Living Direct, Inc.

Frazer Bilt

“Frazer called on VCFO to assist with HR when we unexpectedly lost our long term HR manager on staff. As Frazer’s president, I immediately became the “Acting” HR manager with very limited knowledge or experience in this area. Teresa Foltz came into Frazer a couple of days a week to coach me in all things HR while assisting us to hire a new HR manager. In the process, Teresa conducted a full HR audit of our department records and processes, and then coached me and our incoming HR manager on how to improve on areas of weakness identified. Teresa immediately became a trusted partner for me and the Frazer owners and was instrumental in helping us to avoid potential HR compliance issues while enabling us to continue to keep HR running smoothly in the absence of a qualified manager.”

Darren Ward, President at Frazer Bilt

Convey

“Working with Suzin at vcfo has been a tremendous gift. Through vcfo’s HR Mentoring program, Suzin has helped me rise to the next level as a Human Resources professional. In our year of working together, she has guided me towards big picture, strategic thinking.

Our company is growing and I will be taking on more responsibilities. I feel much more comfortable and confident having had her expertise available to me. Not only have I been able to grow my HR abilities, but also my leadership and communication skills to better partner with the executive team of our company. It’s been great having someone look ahead and help me understand the challenges I need to prepare for. I look forward to continuing the mentorship program under Suzin’s guidance, as it has been invaluable.”

Sara Silva, HR Generalist
Convey

Penco

“We were experiencing significant growth, but weren’t ready to commit to a full-time HR department. vcfo provided the perfect solution — we continue to benefit from their deep human resources experience, while paying for only what we need.”

Bob Renneker, CEO/President
Penco

Isolux Ingenieria USA

“vcfo was brought in to assist Isolux Ingenieria USA in the early start-up days. As the CEO, I was very impressed by their substantive skills and their ability to work with a diverse group of people spread across various offices and countries. Although they were an outsourced function they became a part of our leadership team seamlessly and were an integral part of achieving our first successful project (with a contract value of over $600 million) and implementing the systems, processes and policies that enabled us to grow to over 100 employees within two years. They helped us establish an infrastructure that provided a solid foundation and enabled our company to be scalable and support our expanding business needs, including talent acquisition programs, payroll and HR software system implementations, immigration matters, employee benefit plan design and rollout, employee policies and procedures, corporate insurance and compensation programs. They handled challenging and rapidly changing situations very well, without losing sight of the company’s overall goals. I would not hesitate to work with them again.”

M. Max Yzaguirre, CEO, Chairman
The Yzaguirre Group, LLC, Isolux Ingenieria

Wind Energy Transmission of Texas (WETT)

“Initially WETT had no local presence with Board members and shareholders located in Canada, Spain and the northeast US. We brought in vcfo CFO and HR consultants during the initial company start-up in 2009 to assist in establishing that local presence. They took the lead in physically setting up our office, from identifying the office space to helping with the IT set up. vcfo helped establish and administer benefit plans, created employee policies and practices, set up and processed payroll, provided compensation program recommendations and developed onboarding and performance management systems. As the permanent WETT team was developed, vcfo worked on-site with our teams to organize the financial policies and controls, select tax advisors and auditors and open bank accounts, among other crucial details needed for any new business. Even though we are now at full-staff, they continue to provide ongoing HR and financial support as they have since the company opened and are an invaluable resource for us as we’ve grown the business.”

Wayne Morton, General Manager
Wind Energy Transmission of Texas (WETT)

National Trauma Institute

“Making the decision to work with vcfo is one of the best decisions we have made—not only did we receive a far higher level of expertise and quality of service, the costs have been dramatically less than paying our own employee a full-time salary. Further, vcfo made immediate recommendations to lower operating expenses. vcfo is one of the top financial recruiting firms and is our future.”

Sharon Smith, Executive Director
National Trauma Institute

Isolux Ingenieria

“I was very impressed by our vcfo CFO and her approach to her work. She parachuted into our company as a virtual CFO during our start-up phase and was an integral part of achieving our first successful project and implementing the systems that enabled us to grow to over 100 employees within two years. She handles challenging and fast-changing situations very well, without losing sight of the goal and has excellent people skills. In addition to her CFO skill-set, her ability to operate in multiple languages was very valuable, especially since the company is a subsidiary of a company from Europe. Although she was an external consultant, she approached the role with the commitment of a full-time employee and did an excellent job of interfacing with our internal team, shareholders and other advisors. I would not hesitate to work with vcfo again.”

M. Max Yzaguirre, CEO, Chairman
he Yzaguirre Group LLC, Isolux Ingenieria USA, LLC

Penco

“We were experiencing significant growth, but weren’t ready to commit to a full-time HR department. vcfo provided the perfect solution — we continue to benefit from their deep human resources experience, while paying for only what we need.”

Bob Renneker, CEO/President
Penco

Herd Partners

“In just a few months, our virtual CFO and vcfo made a tremendous impact on the efficiency and productivity of our office. Our CFO helped us with the elimination of redundant job functions, improvement in the speed of key processes through technological upgrades and training, and a complete benefits realignment. All of this has resulted in less time wasted, dollars saved, and a more focused team.”

Jason Herd, Partner
Herd Partners

Convey

“Working with Suzin at vcfo has been a tremendous gift. Through vcfo’s HR Mentoring program, Suzin has helped me rise to the next level as a Human Resources professional. In our year of working together, she has guided me towards big picture, strategic thinking.

Our company is growing and I will be taking on more responsibilities. I feel much more comfortable and confident having had her expertise available to me. Not only have I been able to grow my HR abilities, but also my leadership and communication skills to better partner with the executive team of our company. It’s been great having someone look ahead and help me understand the challenges I need to prepare for. I look forward to continuing the mentorship program under Suzin’s guidance, as it has been invaluable.”

Sara Silva, HR Generalist
Convey

Crossroads Systems, Inc.

“They consistently supplied qualified candidates for any requirements we’ve given them, understanding not only the technical piece, but also the intangibles that only established recruiting professionals can identify. Having utilized them as both a job seeker and as a customer, I would recommend them to anyone looking at recruiting firms for assistance with their search for employment, or an organization looking for assistance filling difficult requirements.”

Joshua N. McCord, Senior Corporate Recruiter
Crossroads Systems, Inc.

Omniprobe, Inc.

“When our CFO started with Omniprobe, he immediately brought direction and stability to the financial reporting systems and processes, preparing us from day one for an eventual sale. His guidance and foresight led us successfully through our first public audit and resulted in a very efficient due diligence process. His CFO consulting support resulted in our successful acquisition at an increased valuation. He then organized and led the critical post-acquisition activities of integration into a large public corporation and even helped hire and train his own full-time replacement. I believe that we would not have had as successful an outcome without him. In fact, it is quite possible that the acquisition would not have occurred without his experience and commitment to success. And along the way, he saved us over $100,000 in taxes! His wealth of experience and enthusiasm would be welcome in any organization.”

Tom Moore, President
Omniprobe, Inc.

Sonny Bryan’s Smokehouse

“vcfo has been a big asset to Sonny Bryan’s Smokehouse for the past six years. Initially they were charged with heading up the reorganization of our finance department and developing sound financial and management reporting. Thanks to vcfo, the reorganization is complete and the department is functioning at a high level. With our new accounting department and vcfo’s involvement we finally have a stable, consistent and highly functioning financial process. Six years later, Steve is still working with us as a contract CFO and recently led the arduous process of Sonny’s becoming a franchise sales and development organization. He also continues to recommend and implement improvements to our systems, processes, financial reporting and cost controls as well as handling special projects as needed.”

Brent Harman, President
Sonny Bryan’s Smokehouse

E-Global Sports Network, Inc.

“vcfo has been an excellent CFO consulting resource for our early-stage company. The strong experience as well as the efficient and flexible structure provided by vcfo has helped us operate lean and mean. Our CFO has provided accurate and timely visibility into the financial operations of our business and we have benefitted greatly from the broad skill-set.”

Michael M. Sroka, CEO
E-Global Sports Network, Inc.

Huselton, Morgan & Maultsby, PC

“vcfo has worked with me on several mutual clients. They are dedicated to providing exemplary client service and solutions to difficult issues while performing in a professional manner.”

Steve Allen, Partner
Huselton, Morgan & Maultsby, PC

BooKoo Beverages, Inc.

“We needed an experienced controller on an interim basis and vcfo delivered. They provided us with a very professional and highly qualified person who added value from day one. We couldn’t have asked for a better match!”

Steve Ruffini, CFO
BooKoo Beverages, Inc.

Viscern, Inc.

“vcfo really listened to us, learned about our business and truly understood what we needed to do. Then, they delivered on it!”

Kevin Lloyd, CFO
Viscern, Inc.

Think Tank

Think Tank is a cloud based Digital Engagement system designed for leaders and business transformation teams to automate and accelerate time-to-value on mission critical enterprise technology deployments or process change initiatives.

The Challenge
Think Tank approached vcfo in need of a controller with high EQ to fit with the entrepreneurial environment.  Time was a limited factor as the company was growing exponentially and unable to conduct their search over the standard period of three months. The staffing structure also presented a unique challenge. Hiring a controller would make their team too top heavy, as they were still building their team and department.

The Solution
Under the leadership of vcfo’s managing director, Carter Freeman, our team examined Think Tank’s needs thoroughly, getting to know and understand the company’s unique culture. We also researched other Denver area businesses with potential candidates sitting in experienced roles that could fulfill the role. In the short runway for time, we found a high performing assistant controller willing to take on the responsibilities of the role with promise of promotion as the business grew. Sure enough, that assistant controller has since been promoted to senior controller at Think Tank.

The Think Tank solution shows having the right people in the right roles is critical for being able to grow.

Think Tank

ControlPath, Inc.

“Our CFO is a very strong asset to our company. He brings a unique talent to the table every time he steps in to assist our business, whether it is delivering strategic financial advice, maximizing investment opportunities or ensuring we have accurate financials with good operational explanations and related advice. He delivers on the fundamentals of managing financial operations and delivering results. We maintain a higher standard of financial health because of the involvement of our virtual CFO. He is very practical and experienced and doesn’t waste time in getting results. He is a long-term contributor to our business.”

Chris M. Poelma, former CEO
ControlPath, Inc.

Treehouse Brand Stores

“I can’t believe how wonderful the entire process has been working with the vcfo Controller and CFO. The three of us worked really well together. No doubt it has been a ton of work, but working with them gave me such a better perspective on so many things with the systems at THBS. Their experience, knowledge and suggestions were beyond valuable. When we started the processes, I could not imagine how in the world they would be able to grasp the complexity of our system integration and all of the trials that we’ve faced over the past two years. But, in no time they were both up to speed and able to make suggestions and implement strategies to get everything audit-ready.”

Doni Files, Director of Finance
Treehouse Brand Stores

AndersonMasonDale Architects

“Our firm has traditionally had two people in the accounting department, but with the uncertain economy in recent years, we decided to move to a new paradigm. Now we have one full-time Bookkeeper with part-time senior-level support from vcfo. It’s been a great collaboration. vcfo has provided a level of expertise that is immensely valuable, but something we could not afford on a full-time basis. Our virtual CFO brings years of experience in diverse financial reporting challenges and gives us the support to make critical decisions with the confidence that we are well informed.

vcfo has helped us refine and strengthen key aspects of our financial function. We have streamlined payroll to free up time for our Bookkeeper to cover other needs. We are transitioning to a new software package with the confidence of having someone on our team that has helped other firms through similar efforts and we have refined our project reporting to ensure firm leadership gets just the right information they need to run the business. All this while the wheels of the operation continue to churn.

I highly recommend vcfo for CFO consulting and financial management solutions.”

Andy Nielsen, Principal
AndersonMasonDale Architects

Scott’s Liquid Gold, Inc.

“At our moment of transition and change in our senior financial leadership, the vcfo team was at our side as our CFO consulting firm. vcfo evaluated our situation and matched our needs with the right virtual CFO on their team. Our company was able to transition to new financial leadership without worry about everyday management reporting. Highly recommended by our attorneys and accountants as a premier CFO consulting firm, the vcfo team was a key component of our transition and our advancement.”

Mark Goldstein, President/CEO
Scott's Liquid Gold, Inc.

Teton Aviation Group, LLC

“Teton Aviation Group, LLC engaged vcfo in late 2011 to assist with financial analysis, establish key financial indicators for our company and provide guidance in our international expansion efforts. Early in our engagement with vcfo, our company had an unexpected opportunity to sell a large portion of our business to a strategic buyer. Since we had not been through a sales process to completion previously, having a CFO with extensive experience in mergers and acquisitions on board with our company enabled us to move quickly and confidently through the transaction process. Our virtual CFO served on our strategic negotiating team and was highly visible throughout the process, participating in all face-to-face negotiations. His experience was invaluable in multiple facets of the transaction and his assistance and expertise were important in getting the transaction closed.

We heartily recommend the services of vcfo.”

Glenn and Joe Hertzler
Teton Aviation Group, LLC

Pinnacle ECS

“vcfo played a critical role in refining our business mode, l including our pricing strategy, both before and after being presented to potential investors. They also played a critical role in assisting our team in transitioning our financial forecast, records policies and practices to a more robust, investor friendly level.”

David Price, CEO
Pinnacle ECS

SURGE Accelerator

“The vcfo team joined SURGE as our first sponsor company and worked with all of our portfolio companies, providing several start up presentations on topics ranging from successful development of a financial forecast to the importance of having an appropriate infrastructure in place as they grow. They played a major role in helping our portfolio companies learn what it takes to successfully raise money. They also rolled up their sleeves to help the companies individually prepare for their fundraising and assisted them with their financial processes, reporting and forecast models so that the companies were ready for investor discussions and due diligence. They continue to work with several of our graduates who are continuing the process of fundraising.

I would highly recommend vcfo to any company as a superior financial consulting firm that can help with financial strategy and guidance along with any required execution to optimize their financial organization.”

Kirk Coburn, Co-founder & Managing Director
SURGE Accelerator

Frazer Bilt

“Frazer called on VCFO to assist with HR when we unexpectedly lost our long term HR manager on staff. As Frazer’s president, I immediately became the “Acting” HR manager with very limited knowledge or experience in this area. Teresa Foltz came into Frazer a couple of days a week to coach me in all things HR while assisting us to hire a new HR manager. In the process, Teresa conducted a full HR audit of our department records and processes, and then coached me and our incoming HR manager on how to improve on areas of weakness identified. Teresa immediately became a trusted partner for me and the Frazer owners and was instrumental in helping us to avoid potential HR compliance issues while enabling us to continue to keep HR running smoothly in the absence of a qualified manager.”

Darren Ward, President at Frazer Bilt

Madagascar Oil

“vcfo was instrumental in helping the Company go public on the London AIM exchange.This entailed getting our financial records in compliance with IFRS and working closely with our auditors here in the states and in London. They also played a major role in implementing our new oil and gas E&P software while transitioning from our current platform. Their ongoing assistance with our domestic and international financial reporting and capital needs at a senior level as a public company was invaluable. As we grew and our needs increased we tapped vcfo to help us with hiring a senior finance executive to take over operations internally. The transition was seamless and we still call on them as needed for ongoing assistance.”

Seth Fagelman, CFO
Madagascar Oil

Northern and Western Insurance Company, Ltd.

“As an offshore insurance company that does business around the world, it is comforting to work with the vcfo team. Not only do they provide very valuable assistance in helping us with our monthly and year-end financial processes and reporting, but also with our worldwide business strategy. We operate in a highly regulated industry. Accuracy and transparency in our reporting is a key element in our ability to deliver top level service to our clients around the world. We are very appreciative and confident that vcfo has put the necessary policies and procedures in place to support our requirements. While they assisted us in recruiting an internal financial resource to our firm, their team continues to play an integral role in our operation.

I highly recommend vcfo to any company seeking CFO consulting to upgrade their financial team and infrastructure.”

Devon Harrison, Founder and President
Northern and Western Insurance Company, Ltd.