Concept of Virtual Chief Finance Officer (VCFO): To assist small and medium sized organizations to get the benefit of having highly qualified and experienced Chartered Accountants as VCFO at a fraction of cost that they would have incurred to have a full time CFOs.
A typical entrepreneur, while building his business, faces several challenges on an ongoing basis, especially with respect to finance. One of the key challenges is ensuring positive cash flow. Besides cash flow, other critical issues before an entrepreneur include lack of intelligent reporting and good quality budgeting. Many companies have a good accountant, but from a financing perspective, planning and strategising is the area where they really need help. While issues regarding planning and strategising can be addressed once you hire a permanent chief financial officer (CFO), it is no secret that experienced CFOs are expensive. Also, often in case of small and medium enterprises, the size of the company does not support the cost of a full-time CFO. And even if these organisations do manage to hire a CFO there may not be enough challenges on a day-to-day basis, to keep him engaged.
A good CFO brings with him the best practices in managing the finance and accounting function. Many a times, the CFO also acts as an advisor cum mentor to the CEO and helps management formulate business strategies. Depending on the nature of the engagement, many a times virtual CFOs also carry the company’s visiting card, representing the company, as their CFO in important meetings. These could be meetings with banks, investors, clients, vendors or even potential business partners. With a strong CFO on their side, it not only helps them with the decision making process, but also helps in better negotiations.
Virtual Chief Finance Officer (V.C.F.O) and Outsourced Accounts, Taxation and Finance Dept. for Small Medium Sized Indian Companies in India. A virtual CFO is an outsourced service provider offering high skill assistance in accounting, statuary compliances and financial requirements of an organization, just like a Chief Financial Officer does for large organizations.
The primary role of a Chief Financial Officer in any organization is to oversee the financial planning, maintain and report on the financial activities and manage financial risk of the business. A virtual CFO provides the same services but since the common clientele of a Virtual CFO are small businesses and startups and growth stage companies, there are certain more services that are expected of them. Services offered by a Virtual CFO often follow the Financial pyramid of needs. In the basic level, a Virtual CFO is expected to be the bookkeeper of the client and has to take responsibility for the accuracy of the account books and interpret the financial information from the accounting data to the client. They make take responsibility for executing or overseeing the reporting process. On the more strategic side, they are the financial and strategic sparring partner from the CEO. Additionally, they are also responsible for suggesting measures to control expenditure and acquire capital at low cost.
We would like to introduce our services of Virtual Chief Finance Officer (VCFO) to assist small and medium sized organizations to get the benefit of having highly qualified and experienced Chartered Accountants at a fraction of cost that they would have incurred to hire a full time CFOs.
Our parent organisation, Intellex was set up by Sudheendra Kuamr, a Chartered Accountant with more than 25 years of experience in top notch Indian and Global Companies in areas like Investment Banking, Financial Services, Accounting, Auditing, Taxation and Statutary Compaliances etc. Our organisation was set up in 2002 based in Mumbai.
Our vision is to Connect People,Ideas and Capital to facilitate achieving the objectives and aspirations and objectives of Entrepreneurs and Corporates.and to be a one-stop consulting firm for the Entrepreneurs, Corporates and Business Groups. Accordingly, we have created a highly professional and experienced team consisting of Chartered Accountants, Company Secretaries, Lawyers etc spread across more than 30 + cities in India. Currently, across multiple cities and various consulting firms within the Group , we are more than 400+ plus strong team and growing at a fast space.
You may call us or Whatsapp to 98200-88394 so we will get in touch with you.