In this CFO as a Service case, Oakhill acts as part-time CFO for an IT services group in the Netherlands, Germany and Belgium, from weekly cash insight to one group structure in Exact Online.
A Dutch IT services group providing managed IT, hosting and software to business customers in the Benelux and Germany. Over the years it grew into five entities: a Dutch operating company, a German and a Belgian subsidiary, a leasing company and a holding company.
For all five entities, in one file.
Intercompany positions match between entities.
On group structure, customer profitability and sales steering.
The remaining entities move to Exact Online in a planned sequence.
Subscription invoicing and e-invoicing planned for the German entity.
Every engagement is led by one of Oakhill’s two managing directors. Both work in English and Dutch from our office in Amstelveen.
Managing director. Background in private equity and fund administration.
Managing director. Registered controller (RC).
Short answers to the questions we hear most about this type of engagement.
A part-time CFO sets the financial rhythm (weekly cash, monthly reporting and consolidation), designs one structure for the administrations and supports management on decisions such as financing and the role of each entity. The client’s own bookkeeper keeps doing the daily bookkeeping.
Yes. In this CFO as a Service case each entity started in Exact Online with an opening balance reconciled to the filed annual accounts, while the history stays available in the old administration for reference.
Yes. As this CFO as a Service case shows, Oakhill works with group structures in the Netherlands, Germany and Belgium, including intercompany positions, local VAT and the consolidation of the whole group.
Oakhill takes the CFO role, the internal bookkeeper keeps the daily administration. Together we agree on a fixed weekly and monthly rhythm, so everyone knows what is delivered and when.
This CFO as a Service case is one example of how we work. Read more about our CFO as a Service or about what a fractional CFO does for your company.
Want your company to be our next CFO as a Service case? Talk to Oakhill about a part-time CFO. No obligation.
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