Virtual CFO Services

Virtual CFO
Services

A role of a CFO goes beyond financial planning, the financial information and number helps aid strategic decisions. We understand this need and bring value to an organization.

Virtual CFO Services

Owing to the dynamically changing business environment, every organization is rapidly changing it’s business environment. A Chief Financial officer (CFO) is a recognized management authority who directly contributes to the organization’s financial strength and organizational strategy.

Startups are mushrooming in India and there is a huge requirement of specialized services. Similarly, even small and medium enterprises are on a look out for experts who can help them in agile decision making, scenario planning and decentralized decision making. However, such expertise comes with a cost and often start-ups and small business owners cannot afford to appoint an in – house CFO on a full time basis. Virtual CFO services are best suited for such kind situations.

A virtual CFO is appointed by organizations who do not have a full time in-house CFO. Hiring a virtual CFO at the nascent business stage provide immediate solutions that business owners towards business financial planning, setting up finance team.

In the next stage i.e running of the business – a virtual CFO can address business challenges and support the management in areas not limited to finance but the business as a whole.
A role of a CFO goes beyond financial planning, the financial information and number helps aid strategic decisions.

Role of a Virtual CFO:

Implement policies and procedures: Any organization to function smoothly needs to follow certain rules, regulations and protocols. These rules and procedures need to be formalized through policies. A CFO will strategically help documenting and putting in place various policies in order to align business practices.
Strategy Formulation: Depending upon the business goals and objectives, a CFO develops and implements a detailed strategy or a roadmap for the organization. This would include – identifying the strengths and weaknesses, defining the business plan, planning and implementing organization structure, allocation of resources and creating a team for taking strategic decisions. A strategy gives a direction to an organization.
Acts as a catalyst: A CFO triggers and promotes timely change execution in the financial aspects of the company. A CFO facilitates and implements various business improvement initiatives like cost reduction, procurement processes, pricing processes amongst others.
Efficient allocation of resources: A CFO works to transform businesses and work well through diversified businesses that operate across different industry verticals. Such executives focus on how to effectively allocate resources.
Integrate Business activities: A CFO identifies problems and works with employees, stakeholders to enhance operational efficiency and effectiveness, improve quality of the processes, plan, budget and try to integrate dissimilar and contradictory enterprise goals.
M & A consulting: When organizations are evaluating business expansion, new product launches, acquiring other businesses etc., a virtual CFO provides the relevant expertise for the transaction and also helps evaluate possible avenues.

Advantages of Appointing a Virtual CFO:

Brings in credibility – trust & network for organizations that are in the nascent stage.
Implementation of Policies & Control for smooth functioning of organization.
Helps in strategy formulation & achievement of goals
Add value in non – routine business decision/commercial negotiating & deal structuring.

Our CFO Services:

Virtual CFO: Acts as a strategic partner & handholds through all the crucial business activities and decisions on a day – today basis.
Interim CFO: An interim CFO helps in filling a void which may be created by the existing CFO.
Special Purpose CFO: Assist with management team on critical or special projects.

Why choose Circa Consulting as a CFO service provider?

Work as a mentor with HOD’s & help in agile decision making.
Rather than being only focused on numbers, we add value to their business.
Backed by experience, resources and diversified work experience to support the assignment as a Virtual CFO.
Ensure smooth functioning of the finance & accounts department, identify gaps/improvement required and provide professional assistance for resolving such gaps.
Help track organizations business performance while undertaking regular reviews and taking corrective actions.