What is Outsourced CFO services ?
As an entrepreneur, to manage your growing business, you need a strategic partner to lead & manage fund raising, financial reporting, budgeting, monitoring cash flows, contract negotiations, implementing systems & controls, compliances, BOD & Investor reporting and to strengthen your finance & accounting team. The intent is to provide the skill sets of an experienced Chief Financial Officers of large companies to the small and medium sized enterprises (SMEs) allowing them to benefit from the expertise of an experienced CFO without hiring someone for full time.
Why should you outsource your financial department ?
The decision to outsource your financial department may entail several benefits to you and your organisation involving:
- You gain time needed to more effectively drive business performance
- Our team can work as your 'virtual' accounting/finance team
- Our scalable offering meets your needs both now and into the future, providing access to a wealth of knowledge and the latest developments and technology
- Without accurate, useful and timely financial information, you and your business are effectively flying blind
- Not only is this both poor governance and a risky business practice, it's no longer necessary
- Having an internal inexperienced or inadequate finance team may lead to inaccurate and untimely information which may hinder you in taking necessary and imperative business decisions, large overhead expense, simple compliance measures being overlooked, inaccurate financial reporting.
Outsourcing your finance function
In simple terms, we can do everything that a CFO does. We can provide:
- Basic bookkeeping
- Monthly,quarterly,half yearly,annual management reports, including profit and loss, balance sheet and cash flow
