Virtual CFO helps in managing needs of the owner at one go in packaged form.
When a business is growing he has three major challenges – First, he needs a qualified chartered accountant with some experience to guide and supervise his finance team. Second, he needs MIS which is combination of monthly profit and loss account & balance sheet with ratios to understand how his business is progressing. He wants a good cash flow every month to see from where the cash is coming & and cash is going. Third, he needs a senior finance person who can come at least once a month for business review and discussing MIS. It is not possible for SME to afford all of the three people cost and thus virtual CFO helps in managing needs of the owner at one go in packaged form.
Basic CFO service – For companies below 25 crore turnover – MIS, Weekly visit by team and support from senior finance person on phone and emails.
Premium CFO service – For companies above 25 crore Turnover – MIS, Weekly visit by team and monthly visit from senior finance person.
