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Virtual CFO refers to an “Outsourced CFO”. Big Firms often own a Chief Financial Officer to gain advice regarding financial issues. Start ups or small and medium sized businesses are not financially equipped enough to own one, like them. Besides, if the finances even allow them to do so, they are not in favour of having a full time CFO. They don’t want to employ someone whose performance they can’t judge due to the lack of experience. The preferred option they go for is of Virtual CFO Services i. e. Virtual Chief Financial Officer Services.
