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


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 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. 


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. 


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. 


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. 


  • 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.
  • "VFF provides us with excellent day to day financial support and efficient/informative month end reporting; it also assisted the move to a cloud-based accounting software. Allowing us to focus on developing the organisation’s long term strategy"

    David Mackay, SCARF

  • 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

  • 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 for the latest industry insights

  1. Blog11th Jun 2024

    Lauren McIlroy, Head of VFF

    Can A Fractional Finance Director Help Achieve Growth?

    One of the new trends we’re seeing in the finance market has been the rise of the fractional finance director. A fractional finance director is a part-time member of the team hired on a contractual basis. This director is then…

    By Lauren McIlroy

    View more
  2. Blog8th Apr 2024

    7 Ways VFF Can Help Charities in the Cost of Giving Crisis

    Despite the extreme pressures brought on by the pandemic, we witnessed in awe the charity sector rallying together and continuing to support those in need. Barely recovered, the voluntary sector (along with everyone else) was then quickly thrown headfirst into…

    By Jakub Rolinski

    View more
  3. Blog21st Dec 2023

    James Hunt, Gunhild Dam, Lynn Wilson, Lauren McIlroy, Stuart Petrie, Graeme Allan, Paula Fraser, Jill Walker, Gordon Steele, David Purse

    2023 Business Unit Year In Review

    Oxford recently released their word of the year for 2023 and it was “rizz”. If we had to pick a word for our year it would be ‘growth’. You might have heard us talk about our growth journey a time…

    View more
  4. Blog15th Feb 2023

    Professionals around a table discussing finance

    Will the new IFRS 17 apply to Company X, a NON-insurance provider?

    Think back to where you were as 2022 became 2023, at the stroke of midnight. It is possible that you felt the ground quiver at that precise moment; that you had an unshakeable feeling of a seismic change kicking into…

    By Lauren McIlroy

    View more

See all updates