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Virtual CFO
Virtual CFO (or "vCFO" for short) stands for Virtual Chief Financial Officer. A Virtual CFO is an outsourced service provider offering high skill assistance in financial requirements of an organization, just like a chief financial officer does for large organizations.〔("Virtual CFO services gaining traction in NCR region" ) in ''The Economic Times''〕 A Virtual CFO may be a single person or an entity.
== The Need ==
The mushrooming of the startup ecosystem has generated specialized service providers which fit the requirement of startups. Virtual CFO is one such specialized service provider. Startups normally do not have the resources to hire a full-time CFO.〔(''Technology Entrepreneurship: Creating, Capturing, and Protecting Value'' ) by Thomas N. Duening, Robert A. Hisrich, Michael A. Lechter〕 "There have been studies claiming that among the top issues faced by Indian startup CEOs are hiring financial and legal experts," according to a virtual CFO.〔''(The Economic Times )''〕 Startups like to keep fixed costs low and having outsourced service provider provides them the flexibility of choosing services as and when required. A Virtual CFO provides strategic, value add services to a startup which cannot be provided by an accountant.〔(''Business Owner's Handbook: The Ultimate Small Business Book -- Focus on Management of Money and Leadership to Increase Company Value'' )
By Marty Koenig and Keith McAslan〕
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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