To succeed in today’s ever-changing marketplace, it is important for a company to both gain and sustain its competitive advantage. An important ingredient in achieving this edge is an effective CFO function. The role of the CFO has evolved from being a backward-looking financial policeman to a forward-thinking strategist whose main job is to provide advice on a wide range of issues.

The required skill set includes an ability to set strategy, lead change initiatives, and prepare value-added analyses to enhance the Company’s value. Yet most small businesses are often stuck in a quandary — they often need the help of financial professionals to take their business to the next level, yet they cannot afford nor do they need, a full time executive – for which outsource CFO service works as a best option.

CFO services are for growing companies who would benefit from outsourced CFO services. With the assistance of our high-level finance and accounting professionals, a business owner can gain valuable insight and increased time.

Outsource CFO services helps in providing insight and advice to help entrepreneurs make better decisions and grow their company. Producing numbers and analysis that means something to decision makers is a critical element to growing a business. The outsourced CFO services focuses on a complete solution for all of the decision makers involved: business owners, investors, bankers, etc.

Objective

No business is too big or too small to benefit from outsourced CFO services. Whether you want to outsource your entire accounting department or just the chief financial officer function, outsourced CFO consulting solutions can give you the expertise you need while optimizing accounting functions.

Common Issues for Small Organizations:

• I need a full time CFO, but cannot afford it.
• I have a full time CFO, but some of the skills necessary for effective working of finance function are missing.
• I do not need a full time CFO.
• I am unable to provide career to a full time CFO & hence unable to retain good professional.
• I am a start-up / SME & not familiar with the nuances of compliances, accounting & taxation.
• I know my business, but how do I generate value, get funding and handle business strategy & structuring related issues?

Just focus on your core business and leave all the issues related to financial / accounting / business process / taxation / compliances to us. The simple solution to all your issues is:

Virtual CFO / Shared CFO/Part time CFO/Outsourced CFO, you can name it any ways but all have following attributes:

1. Cost Effective
2. High competency
3. Quality & Timely delivery
4. Advantage of team of professionals instead of a single CFO
5. Long-term partner & hence continuity

What are the benefits to outsourcing CFO services?

• Better controls - Often, small companies lack a separation of duties. One person is performing all of the financial tasks. This is a situation that can lead to fraud and theft. Hiring a CFO to perform these services gives you peace of mind and greatly reduces the risk of losses due to theft and fraud.
• Better trained staff - A CFO has the knowledge and skills to train your staff on Accounting procedures and best practices. Your staff will become more efficient, saving both time and money.
• Increased cash flow - Is your cash flow not where you want it to be? A CFO can help with cash improvement programs designed for your company.
• Help with taxes - Taxes are often a difficult subject for business owners. The IRS rules are always changing. Fines and penalties can be in the thousands of dollars. Save your company the headache by allowing a CFO to handle taxes for you.
• More accurate financial statements - The financial statements of many companies contain errors. A CFO can prepare your financials for you. You can breathe a sigh of relief knowing that your financial statements are accurately prepared by a trained, knowledgeable professional.
• Today, businesses are frequently utilizing outsourced CEO services to save resources and streamline their operations.

Service Bouquet

We normally don’t interfere in the day to day Book Keeping and Accounting work which the in house accounts team should focus. Our role shall be to supervise the accounts team to make process and system seamless so that effective result can be worked out which includes following aspects:-

Receivables & Payables Management: Managing all activities – Formulating the complete vendor payment and client receivables process; Timely transactions as per process; Account reconciliation with the vendors & clients.

Fund Management: Managing the clients funds to achieve objectives of best return on capital and liquidity on behalf of the client.

Corporate Planning & Structure: Finalizing the best form of legal entity structure considering various factors like resource requirements, fund raising requirements, tax efficiency, compliance cost, regulatory requirement etc.

Business Plan Assistance: Building detailed business model from scratch OR customizing available business plan after thorough research on client’s company, products/services, industry and competition.

Budgeting & Forecasting: Creating budgets; predictive forecasts and development of market analysis; providing sensitivity analysis for various market scenarios.

Financial processes and controls: Conceptualizing, formulating and implementing financial processes and controls in conjunction with the client team.

Fund Utilization & Working Capital Requirement: Forecasting and evaluating the cash flows and working capital requirement of the client and providing MIS on fund utilization. Advising client and implementing best practices on improving cash flow and working capital management.

Financial MIS & Analysis: Providing and reviewing regular financial performance reports and analysis on the cost and profitability for various product lines and business units to support decision making and providing advice from our expert financial advisors.