Virtual CFO Services Banglaore – Outsourced CFO Services For IT / ITeS Companies
Virtual CFO Service Banglaore – Outsourced CFO Services , Shared CFO Services
VIRTUAL CFO SERVICES – OUTSOURCED CFO SERVICES
Finance is undoubtedly at the heart of any organization, the responsibility to manage this critical function is given to Chief Financial Officers (CFOs). Most Small and Medium sized companies, whether in the manufacturing segment or in the services segment like IT or Biotech, require Chief Financial Officers, to manage their finances, statutory compliance
and other processes. We have however, found that most of these SME companies are neither able to afford a full time CFO nor are they able to attract good CFOs, because of their size.
We have pioneered the concept of providing outsourced CFO services to SME companies, based on a proven delivery model involving a combination of on-site deployment and comprehensive off-site support. Several S3 as Management Team members have worked as CFOs of large industrial and IT companies and are well versed with the requirements of this critical function.
Our CFO services include handling the following assignments, on a continuous basis, for our clients :
- Cash flow planning, banking, etc.
- Budgeting, Profitability planning and analysis.
- Implementation of and maintenance of a good management accounting and reporting system
- Treasury Management, including investment of surplus funds.
- Complete handling of accounting and statutory requirements.
- Assistance in the preparation of Business Plans, Project Reports, etc.
- Complete handling of direct and indirect taxation.
- Assistance in choosing the right transfer pricing model and the related issues
- Co-ordination with the external statutory auditors
- Assistance in handling critical issues related to tax and statutory compliance
- Periodical reporting in the clients’ internal formats including on SAP platform
- Developing and maintaining relationships with investors and other stakeholders.
- Maintaining reporting relationship with the CEO / global CFO
Our services are found to be very effective by many companies, in which the critical finance function is handled by one of the promoters / Directors. By handling this critical function, we enable our clients and especially the promoters/directors save significant time and energy, which can be better utilized in their businesses.
We strive to be our clients’ Chief Profit Officers (‘CPOs’), while discharging our function as their Chief Financial Officers (‘CFOs’)
Virtual CFO Services
We provide Virtual CFO services to our clients form the IT/IT Services/ITeS/Software/Services sectors. Under this, we handle the entire CFO portfolio work in conjunction with the clients’ finance and accounting departments. Each client is assigned to one of our qualified professionals who works under the superintendence of the client. Many of our SME clients who cannot otherwise afford a full time CFO find this service very useful, as this saves a lot of time and energy for the clients’ operating managers.
Outsourced CFO Services
We provide Outsourced CFO services to our clients from the IT/ITS/ITeS/Services sectors. Under this, the entire CFO related functions are outsourced to us. We operate either independently or in conjunction with the clients’ finance team.
Part-time CFO Services
Under this our finance professionals spend designated days of the week in the clients’ premises to handle the CFO functions. Given the fact that, most SMEs in the services sector do not require a full time CFO, this service is found to be cost effective by our clients.
We provide Part-time CFO Services to our clients, in terms of which, our finance professionals would act as CFOs of our clients, till such time, a full time CFO is recruited. We also act as CFOs, during the period preceding the appointment of a full time CFO, by our client
We also provide outsourced Finance Controllers to take care of the requirements of our clients, whether on a short term or on a permanent basis.
CFO Support Services
We also provide CFO Support Services, in terms of which, we assist the CFO or the Finance Manager of the client, in handling generic or specific assignments related to finance, taxation, accounting, reconciliations, payroll, etc