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    Benefits of Outsourcing CFO Services for Your Startup

    When you launch a startup, chances are strong that you don’t immediately bring on a chief financial officer (CFO). That’s because most entrepreneurs believe that a CFO is only for giant mega-companies and that they aren’t necessary until you plan to go public. However, nothing could be further from the truth. In reality, your startup can grow more quickly if you have someone on board who can map out a plan to help you reach your financial goals, and you don’t need to hire someone full-time to get these benefits. An outsourced CFO can provide you with all of these advantages while also ensuring you don’t have to bring someone on…

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    The Benefits of Outsourcing a CFO

    Startup owners are brilliant at identifying the need for a product or service. But when talking about their finances, most find themselves in a difficult position. In the beginning, a large number of entrepreneurs rely on themselves or their family/friends for financial assistance. But eventually, the financial statements get exceedingly complex and they need help with their accounts. What can the business owners do when they reach this point? The answer is simple — hires a full-time chief financial officer (CFO) or outsources their CFO services to a company that specializes in this area. However, the cost of finding, interviewing and recruiting a full-time, in-house CFO can be unnerving, especially…

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    CFO Services for Startups under Financial Stress

    If the COVID-19 pandemic has taught businesses anything, it’s that they must be prepared at all times. But preparing often requires knowing what’s ahead via forecasting and data projections, and something like a pandemic, a weather event, or a health crisis can’t always be predicted. That’s why, in addition to preparation, you should have a high-level defensive strategy to deploy when unexpected events hit your business and cause financial stress. It’s no secret that businesses all over the world are facing financial stress as the pandemic continues to loom large. But this may not be the first — or last — time your business has financial challenges in front of…

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    How an Outsourced CFO Can Help with Due Diligence

    Acquiring another company to get access to new customers, products or technologies can be one of the most critical decisions a business owner can make. Fortunately, your CFO is in a unique position to contribute significantly to the merger and acquisition (M&A) transaction process and, eventually, influence the success of the deal. A CFO is required to carry out a wide range of tasks, from corporate strategy and board engagement to obtaining financing and reporting to stakeholders. However, M&A work can be more complex today than ever before, so it’s essential to have a specialized team member who can handle the due diligence required of these transactions. Hiring a full-time,…