Our Virtual CFO service provides skilled, experienced commercial finance specialists who will very quickly provide you with a no-nonsense assessment across all aspects of your business including operational efficiencies, cost effectiveness, business opportunities and risk mitigation.
Outsourced CFO services when you need it most (without the HR hoopla).
Fill a resource gap in your senior finance team with our virtual finance experts, fast.
Tackle a project with a part-time Virtual CFO expert.
Engage an experienced, part-time CFO Specialist to increase your capability or work through a period of transition
Utilise a Fractional CFO when you need them, a cost effective alternative when full time permanent staff aren’t the best option.
and expertise
when you need it.
Unlike recruitment agencies, our Directors and Associates all have more than 30+ years experience in Virtual CFO roles. Every finance contractor in our team has been carefully vetted so you know you’ll be working with the best.
They are reliable, dedicated and focused on delivering positive outcomes.
It’s our experience in finance that gives us a unique ability to quickly understand your needs and match you with the right professional.
Once we’ve found your match we don’t just bid you farewell. We stay involved for the duration of the engagement to ensure a successful outcome.
We approached Kerry Ludlam to provide an experienced CFO to work through a short-term handover with our Financial Controller of 20 years and to continue in the role. . . . The contract CFO set about completing the required remedial work in a professional and timely fashion, kept us fully briefed and established a very good rapport with all those involved. Kerry acted as Project Lead, operating in a Quality Assurance role, and maintaining regular contact with us. . . . Our only regret is that we didn’t engage their services earlier.”
David Hills, Director, Hills Flooring (extract from full Testimonial)
With the sudden departure of our existing Financial Controller, and with a lot going on in our business at the time, we needed someone urgently to come in and take over the finance and administrative part of our company. The contract Financial Controller (Craig) was highly recommended by our auditors and he didn’t disappoint, exceeding our expectations.
I have worked very closely with the contract CFO (Craig) on a day to day basis and relied heavily on him for both financial and broader commercial advice and guidance. The disposal of our NZ manufacturing entity was a case in point of a project where he firstly worked as a trouble shooter to resolve a contamination issue threatening to destroy that business, then worked subsequently to negotiate the disposal of the business to the satisfaction of the broader Group.
Director
Senior Financial Specialist Contract CFO; Special Projects; Interim Support
The main reasons for using a contractor include:
All Management Response contractors have worked in these types of roles and are prepared to only work the hours required to deliver the outcomes being sought.
When we decide to work together, we agree:
Based on this plan we will also define a “review” date. If you determine there has been insufficient value delivered as of the review date and there is little or no benefit to you or your business in Management Response continuing its involvement, we will immediately end the engagement. Naturally, we would like to understand your reason whilst accepting your decision, and we will immediately end the engagement with a handshake and not charge for any services provided to that point.
In short, it’s our experience and approach that makes the difference.
Management Response’ Directors are long term, senior contractors in their own right, which brings a deep understanding and empathy for the challenges facing SMEs and NFPs. Having been in the contracting game longer than most, we also understand the concerns and potential pitfalls when engaging contract staff.
Our client engagement and senior contractor management approach mitigates the potential downsides, and ensures that you realise the full benefit an experienced contractor will bring to your business. We involve a senior manager with every client engagement who understands your business’ needs, confirms the scope of work, and monitors our progress ensuring potential roadblocks or concerns are quickly identified and addressed in delivering the required outcomes.
The manager also provides mentoring, support, and guidance to our contractor. This ensures there are at least two people across the engagement to provide continuity in the event of a short-term absence, or in the unlikely event a replacement is required.
The key criteria in choosing a Senior Finance contractor includes:
Once Management Response’ Client Engagement Agreement, which includes a commencement date, has been signed by both parties, the contractor who has been fully briefed by Management Response’ senior manager responsible for this engagement will get started in their role and “hit the ground running”.
Management Response’ senior manager will check in regularly with both the client and the contractor in the early days of the engagement (e.g., weekly for the first four weeks of a twelve week interim cover engagement) to ensure good progress is being made towards delivering the required outcomes and, in so doing, will identify and address any potential roadblocks or concerns. As time in the engagement progresses, and capability and performance expectations are being achieved this level of interaction will reduce by mutual agreement with the client.
Management Response’ Client Engagement Agreement recognises the Client’s wish to engage Management Response to provide some or all the identified services offered by Management Response to support them and their business. Each specific service including outcomes to be delivered will be agreed and documented in the Schedule(s) to this agreement.
The Client Engagement Agreement, written in plain English, contains the standard terms and conditions one would expect for two parties working together including each party’s responsibilities, conflicts of interest, payment terms, confidentiality, work product and intellectual property, limitations of liability and the agreement term and termination.
We also involve a senior manager with every client engagement who understands your business’ needs, confirms the scope of work, and monitors our progress ensuring potential roadblocks or concerns are quickly identified and addressed in delivering the required outcomes. The manager also provides mentoring, support, and guidance to our contractor. This ensures there are at least two people across the engagement to provide continuity in the event of a short-term absence, or in the unlikely event a replacement is required.
Copyright© 2024. Management Response Ltd. All Right Reserved.
