SBC's Virtual CFO Services Transforming Financial Realities.
In the current digitized environment, organizations are rapidly re-aligning their business strategies. CFO is one such leader who directly contributes to a company’s financial health and organization strategy. Many Global MNCs and start-ups like to keep fixed costs low and having an outsourced service provider provides them with the flexibility of choosing virtual CFO services as and when required.
A virtual CFO provides strategic and value-added services to a start-up that an accountant can’t provide. As part of Virtual CFO services, we at SBC offer various finance talent to organizations of start-ups and MNCs in the following areas.
SBC has a hands-on approach to the solution and is focused on implementation compared to being advisory. Our CFO services for small business provide outcomes in Revenue optimization, Profitability improvement, Cash Flow/working capital improvement, and Enterprise valuation using our services of Office of CFO, Performance Improvement, and
Strategy and Formulation
Entities like Start-up’s when they begin their operations, do not have a detailed strategy in place. During the growth phase of Start-up, if the plan is not documented properly, it can lead to multiple issues. SBC, as part of the Virtual CFO package, provides the following services in strategy formulation, which help start-ups concentrate on their product development or build an idea.
- Identifying the SWOT of entrepreneur/business
- Defining core and non-core areas
- Defining next year’s business plan
- Planning and implementing future organisation structure
- Creating an informal board for all strategic decisions
Finance and Accounts
Over the past decade, many companies have decided to outsource their finance and accounting operations to professional tax consulting firms to optimize their current expenditure and offload managerial responsibilities. SBC offers following services in Finance and Accounts as part of the virtual CFO package.
- Monitoring and controlling cash flows
- Review of Operational MIS/Departmental MIS
- Budgeting and Costing implementation
- Inventory control and integration with accounts
- Resolution of any legal, commercial, accounting, tax matter
- Accounting as per Indian GAAP
- Timely compliances under various laws
- Monthly and periodic Profitability and Balance Sheet review
- Banking & Institution management
- Implement best practices for creating long term value for the Organisation
Policies and Controls
Policies are high-level guidelines that define the culture of an organization by shaping decisions and providing a framework for daily activities. SBC offers professional CFO services in India for implementation of policies in below areas of organization.
- Treasury management
- Procurement to Pay Process
- HR and Manpower
- Fixed Assets and Inventory Management
- Implementation of IF – RCM
- Policies on IT controls and mechanism
- Implementing critical operational and functional SOP’s
Transaction Support
SBC offers various transaction support services in financial investigation of a business or venture.
- Merger/Acquisition/Restructuring Support
- Due Diligence support
- Investor information memorandum
- Environmental, Social, Governance (ESG)
- Migration of F&A Software
- Emergency hand holding of any function or task
- Deal making/Valuation/Critical Agreements
