Virtual finance office

Our Virtual Finance Office (VFO) is an outsourced accounts solution that not only saves you money, but gives you back something more valuable – your time.

For anyone running a business, getting the finance function operating efficiently can present a challenge as all businesses require different skills from processing, through to reporting and forecasting, which are hard to find without hiring multiple people.

Our fully outsourced accounts solution ensures that you stay HMRC compliant, invoices are processed and paid in a timely manner, you have access to the latest technology, and receive up-to-date information about your business, so you can make future decisions with confidence. However large your business, and whatever industry you’re in, simply select the services you need and free up your time to focus on running and growing your business.

We offer a free initial consultation where we review your business operations and scope out the services required to provide a cost-effective solution for you. Our charging structure is a subscription-based model, where you only pay for the services that you need.

Speak to an expert

PEM are an accredited Xero Platinum Partner, a reliable cloud accounting resource.

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Benefit from speed and accuracy thanks to our VFO technology

Dext

Dext is a platform used to manage the receipts, invoices, and other documents that businesses depend on to keep accurate, secure financial records. Capture and upload your bills and receipts and automatically fetch them from online cloud platforms.

Telleroo

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

Fathom

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

ApprovalMax

ApprovalMax helps us streamline our workflows so you don’t have to send us 100s of emails to get approval for accounting documents.

Our VFO offering is broken down into five areas:

Core accounting functions

We provide a free initial consultation to review your business operations and scope out the services required. We’ll then put together a cost effective, flexible solution whereby you only pay for the services that you need. Our core accounting functions include the processing of supplier invoices and expenses, bank payments and reconciliation, payroll and pension processing, filing of PAYE and VAT returns, invoicing and credit control.

Cloud technology consultancy

Making Tax Digital has pushed cloud accounting to the forefront of our minds and there are many reasons to migrate from spreadsheets to Cloud Accounting Technology. Some of these include securing data, automation of processing, automatic bank feeds and accessing data remotely. We'll demonstrate and implement the right accounting system for you, convert your current data and provide staff training. PEM are partners with a number of the leading cloud accounting systems, plus add on software providers that fulfil a specific requirement to add real value to your business.

Forecasting & advisory services

Make better business decisions by combining historical and predictive company data. This premium services gives you this ability with cash flow forecasting, P&L forecasting, budgeting and scenario planning advisory services.

Management information

To make operational business decisions, all owners require accurate and timely management information. Whether you want to compare performance against budget, report to the board or provide information to lending providers, our management information will help you make clever business decisions. All information is provided in an agreed format and is reviewed by a qualified accountant before being sent out.

Carbon accounting

Start your carbon accounting journey with us today. We’ll start helping you to track your emissions and get you ready for future reporting requirements, and you’ll start demonstrating your leadership in sustainability.

What our clients say

"The PEM VFO team are exceptional and I couldn't recommend them more highly. I work with them with a number of scale-up businesses and they are a winning combination of attention-to-detail and technical expertise alongside flexibility, responsiveness and a relationship focused approach. Their knowledge of FinTech has also been invaluable and enabled my clients to be more efficient as they scale. I've also benefited from using their tax, audit, payroll and financial accounting services which has worked seamlessly as an overall package."

Suzie Campbell, The Friendly CFO

“Drishti Discoveries has been working with PEM since its inception. PEM has been great at responding to the varying requirements for a young company such as Drishti that has allowed us to manage and forecast our cash flow appropriately. We are very happy to be working with PEM as our Virtual Finance Office.”

Drishti Discoveries

"VFO has exceeded all of my expectations. They’ve been able to automate what took my previous accountant hours, respond almost immediately to all requests and have tenaciously improved our cash flow."

VFO client