CFO Services
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CFO Services (Outsourced Finance & Accounts function)
We are specialized in providing services to small & medium scaled businesses who do not wish to employ full time CFO (Chief Financial Officer), they opt for our outsourced finance & accounts function with support as virtual CFO.
Following are the critical business operations of any Company can be taken-up by us as outsourced finance & accounts team:
We understand clients requirement
While engaging with client, we understand their requirement.
Proposes services
On understand the requirements, accordingly propose services client would require from us as outsourced finance & accounts function.
Services tailored as per requirement
The services could be tailored as per client requirement.
We walk with the client throughout
The services could include handholding client in strategic, operational or system matters as a senior resource personnel or managing entire finance & accounts function as required.
Decision making support
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Extending strategic support to stakeholders
Extending strategic support to senior management / Board of Directors / Partners / Proprietor in key decision-making process on issues of strategic nature.
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Evaluating new business opportunities
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Preparing strategic growth plans
Preparing strategic growth plans in coordination of senior management along-with organic/inorganic growth strategies.
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Preparing business & financial plans
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Evaluating macro business environments
Evaluating macro business environments / competition as required senior management team.
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Participate in key management on issues of strategic and financial importance
Participate in key management / Board of Director’s meeting & making presentation on issues of strategic and financial importance for the organization.
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Developing policies relating to reporting system
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Diligence of new business opportunities
Conducting due diligence of new business opportunities as identified by client for acquisition.
Book-keeping & compliance
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On-time book-keeping services
Ensuring on-time book-keeping services includes all aspects of accounting on client bespoke or cloud accounting system. The services could be either managing client’s book-keeping team or deputing our team to ensure timely book-keeping is done.
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Preparing monthly payroll & its accounting
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Bank & credit card reconciliation
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Accounts receivable/payable reconciliations
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Handling compliances
Handling all period compliances as required for any businesses like TDS, GST, PF, ESIC, labour laws, PT, income-tax, ROC, RBI, SEBI, BSE/NSE as applicable to client.
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Liaison with auditors
Liaison with internal / Statutory auditors of the client & prepare details as required by them.
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Liaison with consultants
Liaison with client’s tax consultants and prepare the details as required by them to ensure timely filing of various income-tax, GST & other returns.
Bank/cash-flow management reporting
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Preparation of budget
Preparation of monthly / quarterly / annual cash budgets in coordination with client.
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Comparison of budget with actual
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Preparation of monthly management reports
Preparation of monthly management reports with KPIs (key-performance indicators) & comments on the same. management information statement (MIS) will be designed in coordination with client and periodic reporting of the same.
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Banking compliance
Preparation of various periodic details as required by banks for working capital limits including CMA data.
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Representing client
Representing client with various bankers / attending consortium bank meetings.
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Documentation
Participate in key management / Board of Director’s meeting & making presentation on issues of strategic and financial importance for the organization.
IT systems & processes
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IT Support
Support in preparation of IT system for accounts & finance function.
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Support in drafting policies
Support in preparation of accounting policy & internal control system. • Develop & support in preparation of various risk management policies for the client. This to include business risk, legal or commercial risk
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Daily routine
Preparing various excel sheets / standard formats for controlling day to day work.
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