Virtual Chief Financial Officer (CFO) Presence in Business
- Globally, the new and effective way of working is accepted, leading business reforms for survival. Lesson learnt, too, from the historical experience including recent past of covid19, Innovation is the key to success.
- Today’s decision affects the future continuity and hence require to make a positive change in and around your business. Tough time requires tough decisions. One needs to rethink on all aspects of their business. Similarly, the professional approach with respect to accounting, financials and controllership are also going through some major changes so as to expand its expertise reach to wide range of customers.
- And in the process, the Virtual CFO, also known as an “Outsourced CFO”, an effective concept, has been introduced in the finance professional domain to serve with an exclusive focus on business goal and to make balance between firm’s “earning an economic profit but suffering from an accounting loss”.
- Virtual CFO and Controller services is a way for MSMEs, Startups, even Big Companies and CEOs, to get CFO support that they would not have been able to offer previously.
- Virtual CFO & Controller services offer, high skill assistance, monitor the financial health and well being of the company, offer insight and guidance on all company decisions and issues at a very nominal cost.
A Virtual CFO – Business Benefits
- Comprehensive services available for business entities, like, MSMEs, Start-ups, CEOs, and even for big companies.
- Greater Flexibility.
- Improved Oversight - The vCFO, since not distracted dayto-day accounting assignments has more time to focus on strategic & high-level financial services.
- Cost saving - The vCFO will provide the equal level of services in comparison of a full time CFO, resulting huge reduction in the cost to the company. Research shows that investment in vCFO levers result in aggregated cost savings of 50-70%.
- Stability - Virtual CFO will be associated with the company for a longer time as there will be not much expectation of compensation against the given assignment.
- Business development - Since vCFO is attached with another companies also and hence may act as a representative partner for one to another company.
- Innovative ideas - Since meeting with vide range of people and company, may explore and exchange innovative ideas, best practices etc. between their clients lists.
- Corporate Governance – Update and upgrade with new Govt amendments, notifications etc.
- Agility - 40-50%, faster speed to market.
- Productivity - 20-30%, higher workforce productivity
- Stability - up to 60%, fewer financial errors and less rework.
- Performance -20-30%, additional earnings before interest and tax.
Our advice is dedicated to the prosperity of our clients!
A firm "Profit Promoter" established to provide process-driven & solution-oriented Virtual CFO Services, also known as "Outsourced CFO". Our objective is to increase the profitability of our clients, serve with an exclusive focus on business goals and to make balance between earning an economic profit but suffering from an accounting loss.