External financial director

Hiring an external finance director allows a company to benefit from the experience and knowledge of an expert in finance without having to hire one on a permanent basis. Our experts have many years of experience in this type of service provided to various industries and companies of all sizes.

What did the selected case client gain from the External CFO?

0 thousand.
savings per year in terms of the classic cooperation model
up to 0 %
increase in profitability
0
additional competence areas including controlling, taxation, accounting, financing
over 0
projects carried out
average 0 times
speeding up decision-making processes
up to 0 %
improving liquidity
Bartłomiej Garboliński Venture Navigator
Expert

Bartłomiej Garboliński

Finance expert

Many years of experience at the rank of CFO, coordinating controlling activities in various industries. Models businesses using advanced analytical technologies. Coordinates budgeting, liquidity management and financial optimisation projects in our clients’ companies. In the role of external financial director, coordinates the work of large finance and controlling departments and streamlines financial processes. Participates in and helps implement advanced BI solutions.

Our customers

Advantages of such a solution

high-level specialist accountable for tasks under a B2B contract
access to related experts in the financial industry:

  • financial controlling,
    tax advisors,
  • accountants,
  • chartered accountants,
  • corporate credit experts,
  • specialists in databases and business intelligence systems
  • cost reduction – annual solution reductions of more than PLN 140,000 (see case study below)
  • transparency – you know what you are paying for, you get a work schedule that you can view – you only pay for services that are actually delivered.
  • flexibility and scalability – if a project requires more commitment at some stage, we are able to adjust to this in advance
    you focus on strategic rather than operational finance activities
  • recruitment – there are few high-level finance experts on the market and there will be a systematic shortage of them.

If you do not have the competences you are looking for, are you sure you will recruit the right candidate?A recruitment mistake can cost you a lot.
a simple and more predictable model of cooperation – the classic form of a B2B contract – if the cooperation formula ends, you terminate or annex the provisions of the contract, rather than terminate the employment contract with all its consequences.

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    Areas that the service covers, among others:

    • Financial planning and budgeting: assistance in the development of financial plans and budgets and their ongoing review
    • Company optimisation: cost, efficiency and process optimisation
    • Liquidity management: Cash flow monitoring and management of financial liabilities.
    • Financial analysis: Preparation of financial reports, analysis of results and identification of areas for improvement.
    • Tax strategies: Development of optimal tax strategies to minimise tax burden and comply with legislation.
    • Investment planning: Assessing the profitability and risks of planned investments and assisting with investment decisions.
    • Financial risk management: Identifying and managing financial risks, including currency, interest rate and credit risks.
    • Financial control: Monitoring and evaluating the company’s financial processes to ensure efficiency and compliance with procedures.
    • Negotiations with financial partners: Support in negotiations with banks, financial service providers and other partners to obtain favourable terms.

    Employing an external CFO is a strategic solution that brings many benefits to the company. The CFO is responsible for managing a number of key financial areas.

    What areas can an external CFO manage?

    Budget and forecast management: Creating and overseeing the company's budget, carrying out financial forecasts and analysing deviations.

    Cost planning and control: Monitoring and controlling expenses, identifying areas of savings, optimising financial processes.

    Liquidity management: Ensuring adequate financial resources for day-to-day operations, monitoring cash flow, negotiating loan agreements.

    Financial reporting: Preparing regular financial reports for the board and shareholders, analysing financial indicators and preparing recommendations.

    Control and compliance: Ensuring compliance with legislation, accounting standards and internal regulations, overseeing audits and liaising with auditors.

    Financial strategy and investments: Contributing to the development of the company's financial strategy, assessing the profitability of investments and making capital allocation decisions.

    Team management: Leading the finance department, recruiting and developing staff, motivating the team to achieve targets.

    Employing an external CFO is a strategic solution that brings many benefits to the company. The CFO is responsible for managing a number of key financial areas.

    What areas can an external CFO manage?

    Budget and forecast management: Creating and overseeing the company's budget, carrying out financial forecasts and analysing deviations.

    Cost planning and control: Monitoring and controlling expenses, identifying areas of savings, optimising financial processes.

    Liquidity management: Ensuring adequate financial resources for day-to-day operations, monitoring cash flow, negotiating loan agreements.

    Financial reporting: Preparing regular financial reports for the board and shareholders, analysing financial indicators and preparing recommendations.

    Control and compliance: Ensuring compliance with legislation, accounting standards and internal regulations, overseeing audits and liaising with auditors.

    Financial strategy and investments: Contributing to the development of the company's financial strategy, assessing the profitability of investments and making capital allocation decisions.

    Team management: Leading the finance department, recruiting and developing staff, motivating the team to achieve targets.

    Yes, outsourcing the area of the external CFO can be cost-effective for the client. Instead of incurring the costs of hiring a full-time finance director, the company pays for the services of an external expert on a b2b billing basis. This means lower fixed costs and greater financial flexibility for the company.

    Yes, outsourcing the area of the external CFO can be cost-effective for the client. Instead of incurring the costs of hiring a full-time finance director, the company pays for the services of an external expert on a b2b billing basis. This means lower fixed costs and greater financial flexibility for the company.

    We provide full outsourcing of an area or fragmented elements of it such as budget and forecast management, cost control, liquidity management, financial reporting, control and compliance, financial strategy or investment coordination.

    As part of outsourcing the area of the external financial director, a company can also receive services related to controlling, accounting, accounting and ERP systems, business intelligence (BI), relations with financial institutions, financial instruments and financial risk management.

    Outsourcing the area of the external finance director can be either a temporary or long-term solution, depending on the needs and strategy of the company. It gives the company the flexibility to use financial experts depending on current requirements and business objectives.

    Our offerOur offer

    Choose one of the three most frequently chosen directions of cooperation by our clients or contact us so that we can tailor the optimal solution for you. Make an appointment for a free consultation: by phone at 577 672 780, email vnav@vnav.pl or fill in the application form.

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