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Virtual Finance Office

Running a business and maintaining an efficient finance function are big challenges. You need processing, reporting and forecasting skills, but building a team with all that expertise is expensive and slow. Our Virtual Finance Office (VFO) is a fully outsourced accounting service, tailored for your business. You’ll benefit from:

HMRC compliance
Prompt invoice processing
The latest cloud technology
Up-to-date financial information
Confidence in every decision.

Whatever your size or sector, simply choose the services you need and then get back to growing your business.

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Andrew Turpin, Partner in PEM's VFO team

Your outsourced finance department

Every business is totally unique, and your virtual CFO service should reflect that. In a free initial consultation, we’ll get to know your operations and scope out exactly what you need for a cost-effective finance solution. It works on a subscription model, so you only pay for what you use.

Our VFO services include:

Accounting: supplier invoices and expenses, bank payments and reconciliation, payroll and pension processing, VAT and PAYE returns, invoicing and credit control
Cloud accounting services: secure, automated and accessible, giving you real-time data wherever you are
Forecasting and advice: cash flow and P&L forecasting, budgeting and scenario planning
Management information: performance against budget, board reporting and information for lenders providers
Carbon accounting: understand your carbon footprint, reduce it and mitigate the impact of climate change.

If you’d like to know more, let’s talk.

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Liam Snow, Director in PEM's Virtual Finance Office team

Reducing your carbon footprint isn’t just good practice – it’s essential.

Start your carbon accounting journey with us, today.

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Ian Gallagher, Director in PEM's Virtual Finance Office team

FAQs

What VFO technology does PEM use?

For speed and accuracy, we always implement the right accounting system for you. We convert existing data and provide staff training. Partnering with leading cloud accounting systems and add-on software providers adds real value. Here are the platforms we use:

Dext: manages receipts, invoices, and other documents to keep accurate, secure financial records. Capture and upload your bills and receipts, and automatically fetch them from online cloud platforms.

Telleroo: a payment platform that removes payment anxiety by automating supplier and payroll payments. It shows high-risk changes, failed payments and syncs directly with accounting software.

Fathom: an all-in-one reporting, analysis and forecasting tool that combines insightful reporting, fast cash flow forecasting and actionable financial insights into one easy business management solution.

ApprovalMax: streamlines workflows so you don’t have to send us hundreds of emails to get approval for accounting documents.

Xero: we are a Platinum Partner with this reliable cloud accounting resource that helps you manage your finances in real time. See our certified Xero badges.