Virtual CFO Services

Virtual CFO Services

Who is a CFO ?

CFO or Chief Financial Officer is an essential employee of a business that looks after the various financial functions. This includes controls setup, compliances, accounting, cash flow management and decision making like fundraising, valuations, etc.

What are the key functions of a CFO ?

Key functions of a CFO include

  • Tracking and analysing your company's growth and profits
  • Reporting of complete and accurate information in a timely manner
  • Cash Flow Management, Fund Management
  • Effective compliance management systems

Are you a startup or SME confused on how to handle accounting and compliances? Virtual CFO is your answer.

What is a Virtual CFO

With the high cost and compliances of hiring a full time experienced CFO, the concept of Virtual CFO has become widely popular, in which the startups take the services of qualified professionals who in turn looks after the various functions of a CFO virtually i.e. the entire finance function is outsourced to this team of professionals

Benefits of Virtual CFO services

  • Segregation of Duties : The founder can entirely focus on the product and scaling the business, as the compliance and finance part is handled by the Virtual CFO.
  • Cost Effective : A small or medium entity will always find hiring a full time in house CFO as costly. Virtual CFO is a cost effective solution for such kind of entities
  • Varied Industry Knowledge : A Virtual CFO has experience in multiple industries, so it is able to quickly adapt to different business environments and think out of the box
  • Rich Network of Professionals : They have a wide network of professionals with different backgrounds, offering you all the legal and financial services under one roof.
  • Financial Analysis and Reporting : Virtual CFOs help in implementing standard MIS reporting formats for your organisation so the organisations performance is analysed in a streamlined manner
  • Assisting in financial planning : With their vast industry experience, these professionals with their monthly reporting help you plan your finances better
Key Deliverables under Virtual CFO Services
  • Setting up an accounting system
  • Budgeting
  • Debtor and Creditor Management
  • Financial Projections
  • Cash Flow Projections
  • Cash Flow Management
  • Tax Compliances like TDS, GST
  • SOP and Internal Control Development for different business processes
  • Year-end financial reporting and audit assistance
  • Legal compliances like labour laws, etc.
 
     
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