CFO Consulting
Services
Achieve sustainable profit growth through well-planned and structured approach towards budgeting , working capital, liquidity, and cash flow management.
The need of a CFO is highly debated and an area of discussion, particularly for the micro, small and medium enterprises (MSME’s) segment. MSME’s are of the opinion that they do not need a separate CFO as their accounting and compliances are being handled by their accounts department and same is reviewed by their auditor (CA) at the end of the year.
Further, the MSME business owners feel that since most of the finance related business decisions are taken by them, they do not need a separate CFO, plus hiring a full time CFO comes at a huge cost. However, this is not true, every company be it a MSME, family run business or Multinational Corporation needs a CFO.
With growth, complexity of transactions in the organization increases, as there is increase in the number of people, processes, systems, geographies etc., which makes it difficult for the business owner to manage it independently. Also, sometimes the business owner may lack the skill sets of handling the changing regulatory landscape, accounting standards and enhanced requirement of compliances.
✦ As a growth partner work with the business owners/ CEO/ CXO in devising sustainable Business Plan & Strategies
✦ Monitor and report on timely basis, plans V/s actuals to take corrective actions
✦ Support the senior management on various due diligence, fund raising and M & A activities and interact with the venture capitalists/ Investors.
✦ Implement processes & systems for efficient business operations and cost reduction
✦ Ensure timely and accurate book-closures and MIS reporting to the Management. Design dynamic reports to support real time decision making.
✦ Comprehend changes to the accounting standards , tax laws and compliances and evaluate its applicability to the business
✦ Ensure timely regulatory compliance thereby increasing the Investors and stakeholders confidence
✦ Ensure Internal Controls are embedded in business processes to avoid controls lapses and ensure compliance reporting
✦ Review clauses of the agreements with customers, vendors investors which commercially bind the company
✦ Periodic reporting and disclosures to the Investors & other stakeholders
✦ Work with the internal auditors to address audit findings and external auditors for statutory audit
The above services can be availed on fully outsourced or retainer basis be it monthly, quarterly, half-yearly or annual or for any specific task.
