Whether you have a small enterprise or a bigger one, a start-up or an established one, CFO is the one, who would take it to the next level. From the conventional job of managing the company's finance to the unconventional job of strategic planning of risk-return, CFO plays a vital role in achieving every goal in an organization.
WHAT IS VIRTUAL CFO?
The concept of Virtual CFO Services or CFO Services has been selling like a hotcake in the past decade and also received a significant success rate in delivering the best services to the companies. A VCFO is an outsourced service provider that offers skilled and curated finance optimization of the company. It provides a plethora of services depending upon the requirements of the Company, size, and type of the industry.
The well-organized service portfolios of VCFOs provide small, medium enterprises and startups with an option to select amongst various services to choose the best suitable for them. VCFO not only offers them less expensive services but also reduces the fixed cost of hiring a CFO at a higher cost to capital. Moreover, the VCFO also provides its clients with a single-window clearance whereby you shall be provided with the services related to taxation, labor consultant, Corporate law consultancy and such other services.
Does my business need a Virtual CFO?
The myths prevailing in the Indian markets often restricts the organizations to have a Virtual service provider. Here are the rationales who shall answer your question, whether your business needs a VCFO or not?
- Having A Bigger Company
If you are one of those who think that your business not being a startup or small or medium enterprise, you should not have CFO Services in Noida, Delhi, Gurgaon, Anywhere in India, then indeed it is a myth. The concept of VCFO is indisputably the best option for the SMEs and startups but is not only limited for them.
The companies providing the services of CFO Services holds a wide range of professionals with extensive experience. The Virtual CFO has a team of experts in the field who brings on the table the best from their experiences. As a result of which any company who avails the VCFO, gets the expertise of multilayered industries that provides peerless financial optimization and strategic planning.
- CFO Services Cannot Understand The Company Better
It is the most common myth every enterprise holds. The VCFOs are highly efficient professionals who leave no stone unturned to outwit the market for their clients. The fact that VCFO does not work at the very place of the company is least relevant when it comes to performance.
- How to trust the virtual world for business?
Breaking the traditional method often brings doubts. However, in the era where half of your world is inside the screen of your phone, having the VCFO is no more a tough nut to crack. You can easily choose for the best service provider, trace their past records and based on the testimonies of clients can decide whether to opt for it or not.
- The VCFO Cannot Connect The Existing Team
The team inside the screen may have a different strategy for the financial planning of the company which doesn't mean, they cannot mix with the existing team of the Company. The VCFOs hold rich and vast experience of handling personnel and dealing with the different types of people. Hence, it is in fact, quite an easy task to go hand in hand with the personnel and management of the company and achieve the pre-set goals of the company.
- The VCFO Costs You Premium
Though the expenditure on VCFO is variable in the long-run it costs to the company is more than hiring a full-time CFO as the VCFO charges premium cost to the clients for providing services at the fingertips. On the contrary to this belief, the VCFO is often found a less expensive option as it gives the organization with almost every service without any hustle of hiring different professionals and personnel for the company.
- No Need To Hire VCFO
Often, the entrepreneurs don't find the need to have a CFO as their VCFO may not match their company model. A VCFO however, can easily cope-up with the business model as the teams of CFO have a diverse portfolio in their basket.
Furthermore, the business managers in the startups do not find the requirement of having a CFO Services in Noida, Delhi, Gurgaon, Anywhere in India is a small business, that's where the actual need of VCFO arises. In this hard as nails competitive edge, for any new venture to survive, a consummate professional is quite a necessity that would yield the organization with the maximum return on capital.
To sum up, a VCFO is the all-in-one solution to all your professional requirements. So, what are you waiting for? Time to taste the waters!!