Meaning of virtual cfo services | cfo support services (Delhi)

Meaning of virtual cfo services | cfo support services

Meaning of Virtual CFO Services | CFO Support Services A Virtual CFO is an experienced Finance Professional who is not a full-time CFO but takes care of the roles and responsibilities of a Full-Time CFO. He is the one who lays down a solid financial foundation and ensures efficient finance functions of your business like an actual CFO by utilising his expertise and experience in the field. A virtual CFO offers his services in fractions of the costs that a full-time CFO might take home. Virtual CFO is a new concept. It s a way for small businesses to get CFO support that they wouldn t have been able to afford previously. Small businesses usually hire a Virtual CFO in order to access the experience of a seasoned Finance professional in a cost-effective manner. Virtual CFO Services actually have to be tailor-made but some of the general functions of a Virtual CFO shall include: ➲ Manging Bank and Investor Relations ➲ Laying solid foundation for financial management of the business ➲ Tax Management and Periodic scrutiny and supervision of finance function ➲ Periodic and robust business performance and analysis reports ➲ Cash Flow Management along with periodic reporting. ➲ Working Capital Management ➲ Devising and implementation of long term and short term Finance Strategy ➲ Close monitoring of the budgeted expenses and anticipated revenue. ➲ Handle all the duties of a traditional CFO, but work remotely and on a part-time basis. ➲ Professional assistance in order to reduce costs and increase revenue thus maximising profits ➲ Monitor the financial health and well-being of the business, usually with cloud technology. ➲ Offer financial insight, support and guidance on all financial matters, decisions and issues. ➲ Provide back-office functions such as managing accounts ledgers, depending on the client and their needs. https://www.corpzo.com/virtual-cfo-servicecfo-support-services