Virtual CFO Solutions
Unlock Your Business Potential with Expert Virtual CFO Services
Our Virtual CFO services provide high-level financial expertise to help your business achieve its financial goals. From strategic planning to profitability analysis, we offer tailored solutions to enhance your business performance.
Managed over 100+ businesses
high-level financial expertise tailored for you
Our customers accomplish amazing things every day.
Financial and Business MIS Dashboards
- Design and implementation of reliable, and insightful MIS systems
- Balance scorecard with lead & lag indicators
- Marketing performance analysis including CAC
Profitability & Efficiency Improvements
- Pricing power analysis
- Product-wise & segment-wise analysis
- Cost optimization analysis
- Production efficiency and utilization analysis
Tax, Transaction, and Structuring Services
- Tax optimization & structuring
- Cross-border transactions
- Capital structure advisory
- Deal negotiations
- Investor interactions
Working Capital Management
- Focus on Free cash flow and improving
- Identify and eliminate
- Blockages & Leakages
- Receivable and Payable cycle improvement
- Inventory Improvements
Financial and Strategic Planning
- Project evaluation support
- Budget and scenario analysis
- Break-even analysis
- Long term business planning
- Competition benchmarking
People, Process and Technology
- Financial training for non-finance managers
- Business analytics skills using excel
- Mentoring future finance leaders
- Supporting Digital
- Transformation & Automation
How it works?
Here’s a quick rundown of how everything comes together at ProCFO
1
Detailed Discussion
Conduct an initial discussion to identify the problem statement.
2
Initial Assessment and Renovation of Books of Accounts
Collect data and information to understand the current state of affairs, and perform cleanup and catch-up accounting and reporting.
3
Decide on the Scope of Work
Discuss and decide on the scope of work, and schedule bi-weekly review and reporting meetings.
4
Navigate Your Business Confidently with ProCFO
Implement the agreed-upon plan and continue to monitor progress through regular updates and support from ProCFO.
Managed 100+ Companies Around The World
Our customers accomplish amazing things every day.
Guiding startups and SMEs with two decades of business and advisory experience for sustainable success
Amit Tiwary
Founder & Principal Consultant
Amit Tiwary, Founder of ProCFO and its Principal Consultant, is a Chartered Accountant from ICAI, India, and holds an Advanced Diploma in Management Accounting from CIMA, London.
Ready To Get Started? Schedule A 1:1 call today
Let’s help your business with our Virtual CFO services
Frequently Asked Questions
Our customers accomplish amazing things every day.
What are shared CFO services?
Shared CFO services, also known as outsourced CFO services or virtual CFO services, involve hiring experienced financial professionals who act as Chief Financial Officers for a business on a part-time or project basis. These services cater to the unique financial needs of each organization, regardless of its size or industry.
Why should a business consider shared CFO services?
Businesses should consider shared CFO services to gain access to high-level financial expertise, strategic financial insights, and support without the cost of hiring a full-time CFO. This allows companies to focus on their core competencies while improving financial management and driving growth.
What are the main responsibilities of a shared CFO?
A shared CFO is responsible for various financial tasks, including:
- Providing strategic financial insights
- Optimizing financial performance
- Managing cash flow
- Financial planning and analysis
- Budgeting and resource allocation
- Financial reporting and compliance
- Risk management
- Capital structure and financing
- Mergers and acquisitions (M&A)
- Investor relations
Who can benefit from shared CFO services?
Startups, small and medium-sized enterprises (SMEs), and large corporations can all benefit from shared CFO services. Startups need CFO services for financial strategy development in their initial stages, SMEs require expertise for financial efficiency and expansion, and larger companies may need help handling complex financial operations and mergers.
What are the types of shared CFO services?
There are two primary types of shared CFO services:
- In-house CFO (house CFO): This service focuses on the company’s finances and helps develop an understanding of the business structure. However, it can be costly, which may burden small businesses.
- Outsourced CFO: This service involves professionals managing part-time CFO-related tasks. It offers cost-effective solutions without compromising on expertise, flexibility, or scalability.
What are the benefits of shared CFO services?
The benefits of shared CFO services include:
- Improved financial planning with robust projections and insights.
- Enhanced cash flow management ensuring healthy liquidity levels.
- Expert financial guidance with specialized skills across various tasks.
- Cost-effectiveness by paying only for the needed services.
- Strategic financial management during leadership transitions or crucial business phases.
How to choose the right shared CFO provider?
To choose the right shared CFO provider, follow these steps:
- Assess Your Business Needs: Determine the scope of services needed, such as reporting, budgeting, financial planning, or risk management.
- Research and Compare Providers: Look for reputable providers with a strong track record and compare their services, pricing models, and client reviews.
- Evaluate Track Record and References: Request references and discuss their experience and satisfaction levels with current or past clients.
- Verify Qualifications and Expertise: Check for professional designations (e.g., CPA, CMA) and relevant industry experience.
- Compatibility and Communication: Ensure the provider understands your business goals and can communicate complex financial matters effectively.
- Contractual Terms and Flexibility: Ensure the contract allows for flexibility to scale services based on changing needs.
- Data Security, Confidentiality, and Customer Support: Inquire about data security measures and policies, and ensure the provider offers solid customer support.