Scroll down for more information

Virtual Finance Function

Tailored to you and provided by a team of dedicated specialists, our virtual finance function can operate alongside your current processes and people or in as a full-service offering. 

Contact Lauren McIlroy

  • Lauren McIlroy
    Meet the team

    The team

  • Large International Groups. Listed Entities. AIM Listed Multinationals. SMES. Public & Social Sector Organisations. Special Purpose Projects. 

    Who we can help

  • Bespoke, Flexible Financial Function. Fully Managed Transition, Set Up & Support. Real Time Financial Information. Tax & Regulatory Compliance. Expert Specialist Financial Guidance.  

    How we can help

BUSINESS THE WAY YOU WANT TO DO IT

Our virtual finance function (VFF) is a bespoke service, tailored to the size of your business and the scale and complexity of your needs. Delivered by our highly technical team, many of whom have years of experience of working in industry, it uses cloud-based technology to provide valuable, real-time financial information about your business, wherever you are and whenever you want it. 

VFF works alongside your business to ensure you have access to the right levels of expertise, matched exactly to the complexity of your requirements. By drawing on the skills of the whole team at AAB, we can provide a fully outsourced finance function solution and essential, timely financial information to make evidence-based decisions that enhance both your confidence in the data and your business agility.

This saves you time and empowers you with the insights that can support you to run your your business, utilising a suite of key performance indicators to manage overhead spend, forecast cashflow and ensure that the information is usable and meaningful. These are some of the crucial advantages of the VFF service. 

ADAPTABLE AND EASY TO USE

VFF is suitable for a wide range of organisations throughout the lifecycle of their business. Its flexibility gives you options and puts you in control. We have the resources and expertise to support international groups and large listed companies with their highly complex transactions. At the other end of the scale, if you are downscaling, upscaling or have a special purpose project (perhaps as a joint venture) and want an alternative to recruitment, VFF could well be the answer.  

VFF also works well if you’re a fast-growing business or SME, you could run your business with either a reduced finance team or perhaps no finance team at all – saving you money and helping focus on growth. Alternatively, by using our senior finance professionals and not recruiting an internal CFO, you could avoid the need to give up equity to attract key finance staff.  

For example, for businesses who are new to the UK and need local expertise as your business grows, the flexibility of VFF means you can avoid the burden and expense of expanding your back office to cope, and instead concentrate on succeeding with new clients in new markets. 

WHAT DO YOU GET WITH VFF?

At AAB, the VFF service is provided by our dedicated and experienced team, who are specialists across all the different aspects of the finance function. They’ll ensure your business is always compliant, as well as managing your day-to-day finances efficiently, proactively and on time.

VFF is a bespoke flexible service that takes advantage of the latest accounting technology. You select the services you need, depending on your organisation’s resources and set-up. Along your business journey, we can adapt those services to cater for temporary or longer term changes in your business, such as a restructure, fundraising, merger or acquisition. 

You’ll have easy access to them on a regular or ad-hoc basis, all via one convenient point of contact. Everything about our VFF is designed to be dependable and give you real peace of mind. 

HOW DOES VFF WORK IN PRACTICE?

We’ll start by fully engaging with you, to understand your business and your needs. We’ll review your existing system and use our technical knowledge and experience to select appropriate, dependable applications that will integrate effectively.  

By managing all aspects of the transition process and focussing on building strong relationships with your in-house team, we’ll ensure your VFF service will work efficiently from day one and you’ll have access to wide and deep specialist expertise within AAB 

If your business is looking to embrace technology and you want more from your finance function, then our VFF solution will be deliver exactly what you need. 

VFF BENEFITS AT A GLANCE

  • A fully bespoke solution tailored precisely around your requirements. 
  • Delivered by experienced specialists who take care of your vital finance services. 
  • We manage the entire transition process, including training if required.
  • Gives you easy access to invaluable real-time financial information on your business. 
  • Takes care of regulatory and tax compliance.  
  • Easy, continual access to experts who’ll answer your financial queries. 
  • Adapts to your business circumstances, whether upscaling or downscaling. 
  • Integrates with your existing culture and workflow. 
  • Allows you to concentrate on running and growing your business. 
  • Can avoid the need to release equity to attract key finance staff. 
  • Frees up money that can be better spent on driving your business forward. 
  • A highly cost-effective way to ease your workload and optimise your performance. 

Saves you the time involved in: 

  • Recruiting skilled people for all the various roles associated with managing your finances 
  • Procuring, setting up and maintaining a suitable system.
  • AAB proactively assisted in addressing any potential risk areas relating to Corporate Criminal Offence legislation in our business and ensured a successful solution was implemented in conjunction with our legal, tax and finance teams.

    Dave Aitken, Interwell

  • The reason why we have such a long standing working relationship with AAB is because from the very outset they made a conscious effort to really understand our business. We have always found AAB to be highly professional, competent and skilled.

    John Booth, VSA

  • AAB have been our accountants for over 15 years. During this time their advice on audit, taxation, payroll and general business issues has been invaluable. They act as a 'partner' in the real sense of the word,

    Karen Molloy, Thorpe Molloy McCulloch Recruitment

  • The work AAB provided on our auto enrolment was excellent. Timely and pragmatic work delivered to high professional standards, whilst remaining personable and efficient throughout. Well done!

    Richard Smeaton, PD&MS Group

#Updates See all updates

Sign up to updates

  1. Blog18th Jan 2022

    Tech-enabled finance and HR solutions in demand in the Energy Sector

    For many, the COVID pandemic has been a catalyst to press re-set on everything from our social values to health, well-being and sustainability. It has given us the opportunity to assess and evaluate our personal lives. It has been no... Read more

    View more
  2. Blog1st Dec 2021

    Are you considering a hybrid workforce and what does that mean for your finance function?

    The pandemic has ushered in a new model of working, with many businesses considering adopting more flexibility in the longer term. With a longer-term shift to hybrid working seemingly on the cards, having the right foundations for productive team working... Read more

    View more
  3. Blog1st Jul 2021

    Location is no longer a barrier for your finance function

    There is a big push to ‘shop local’ to help reduce the carbon footprint of our food and drink products from field to plate. 

    View more
  4. Blog10th Dec 2020

    2020 Year in Review – Food & Drink Sector

    When entering 2020 we were fully expecting the year to largely be focussed on two topics: sustainability and growth funding. To a large extent, both topics have still been highly prevalent, albeit funding often being required to strengthen cash flows... Read more

    View more

See all updates

Our accreditations