PM+M launches Virtual Finance Office in bid to modernise financial management for growing businesses

Blackburn-headquartered PM+M has launched a new Virtual Finance Office (VFO) which has been designed to help businesses modernise the way they manage their finance functions.

The new service aims to provide organisations with greater flexibility, efficiency, and strategic insight at a time when many are struggling to maintain in-house financial expertise or keep pace with the demands of rapid growth.

PM+M’s VFO offers outsourced finance director, finance manager and financial controller support, all tailored to the specific needs and size of each client. It is intended to help businesses who are facing skills shortages and seeking to reduce fixed costs, as well as leaders who want to devote more time to strategy rather than day-to-day financial administration.

The VFO combines core finance operations such as bookkeeping, VAT returns, payroll, and supplier management with higher-level management reporting, strategic finance leadership, and ongoing advisory support.

Using cloud-based tools and automation, PM+M’s VFO delivers real-time financial insights and continuous oversight, moving away from traditional day to day manual processes and year-end reviews.

The new VFO is powered by a dedicated team of fully qualified cloud accountants who utilise a powerful app stack and a proven delivery model. It combines the rigour of compliance with the insight of advisory and helps businesses make better decisions, faster.

Rosie Cooper, director of cloud accounting at PM+M, said: “Over the past few months, we have worked hard to develop a scalable and cost-effective alternative to traditional finance departments that provides businesses with access to qualified professionals and strategic support without the overheads of a full in-house team.

"The VFO is particularly suited to companies experiencing growth or transition, those preparing for investment or exit, and organisations seeking to modernise their financial processes.

Rosie added: “By integrating technology with professional expertise, we are aiming to provide a smarter and more proactive way to manage business finances that offers transparency, flexibility and strategic direction in what is an increasingly complex commercial landscape.”

Lancashire Business View reported last week that the chartered accountancy, business advisory and financial planning group is only the second North West headquartered accounting firm to achieve B Corp Certification, and one of just 25 accountancy firms across the UK to do so – a rare achievement that underlines the firm’s commitment to driving positive impact within its profession and community.

Verified by B Lab, the not-for-profit behind the B Corp movement, the achievement demonstrates that PM+M meets high standards of social and environmental performance, transparency, and accountability.

PM+M was founded in 1919.