“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.”
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.”
A clean-technology company in Colorado
vcfo has been an invaluable CFO consulting resource for our early-stage, privately held company. Initially, they were charged with developing strong financial and forecast reporting and processes, tax filings and preparing us for our initial annual financial audit with a Big 4 firm. Since 2007, vcfo has worked with us providing exemplary financial leadership across the board, particularly in the following areas:
- Preparing monthly reporting to management, investors and bankers
- Leading company interaction with our outside audit firm, helping bring our annual audit in on time and within budget with no adjustments
- Leading company activities for federal and state tax filings and including management of audits performed by regulatory groups and the favorable negotiation of county property taxes
- Working with our insurance broker to procure the necessary business insurance required for our manufacturing and early-stage company
- Supporting multiple financings by setting up and maintaining electronic data rooms that provide for an efficient due diligence process, and working with our attorney on various legal agreements and reconciliations of capitalization tables
“vcfo helped us navigate setting up a subsidiary in Germany including completion of the complex registration process with multiple taxing authorities. The business and language skills of our contract CFO were invaluable to us in completing the process timely. With her guidance we set up a process to timely file estimated taxes electronically.”
Washington Biotechnology & Biomedical Association (WBBA)
“WBBA has been a vcfo client since 2009, providing the professional day-to-day bookkeeping as well as expert advice at the controller and CFO level. Since WBBA does not require a full-time bookkeeper and accountant, the services provided by vcfo are invaluable. Professional, timely, thorough and willing to work through to ensure accuracy are key qualities of our vcfo team.”
“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.”