We all live in a dynamic world, which keeps on changing and evolving every moment. Among all other facets of life, these dynamics affect the way, we do business. Accordingly, there is a need for businesses to adapt to the changes and to constantly upgrade their systems and procedures in accordance with the changing times, to ensure their growth and survival.This, in turn, involves availability of manpower resources with necessary experience and expertise to guide the enterprise through the transformation process, involving prohibitive costs, which small enterprises cannot afford. Virtual CFO offering is aimed at bridging the gap, by providing quality support to the management, at a fraction of the cost that would need to be incurred by an enterprise, to hire the services of a full time CFO.
The Virtual CFO services offer providing support to business enterprises by way of professional oversight on their books of account, ensuring compliances with statutory regulations, handholding with regard to development of budgets, preparation of periodical financial statements and MIS, besides advising them on Capital restructuring, enhancing cost efficiency, tax planning and upgrade of systems and procedures and IT infrastructure, to help to ensure that adequate internal control systems are in place and to turn them into professionally managed enterprises. Besides this, Virtual CFO services offers to take up special assignments like fund raising, preparing necessary reports and information, as well as interacting with bankers/ financial institutions and loan documentation, on a case to case basis.
Virtual CFO services involve regular monitoring of books of account by highly qualified professionals, preferably through remote access, raising necessary queries and seeking clarifications and replies, guiding the accounting staff at the business end, followed by on-site visits by the CFO and / or his team, for interaction and feedback with the management of the enterprise.
The services available at a reasonable cost, supplement the efforts of the management in ensuring its survival and growth by keeping a track of various parameter affecting the business. Actual and projected Profit and Loss account, cash flows, ratio analysis and break-even analysis provide an excellent tool to the management in regulating the affairs of the concern, while working for its growth and expansion. The strengthening of internal control systems, as a part of the package, acts as a safeguard against fraud and enables the management to take adequate measure to mitigate various risks. With more than 70 years of service in the field of finance, accounts and taxation, backed by a team of highly qualified and experienced professionals, RNM Consulting has a solid backbone of resources available to offer specialized services in Direct & Indirect Taxation, Audit & Assurance, Corporate Legal and Corporate Finance, which supplement the efforts of the Virtual CFO in providing its services to enterprises in a professional manner.
Please refer to this Brochure for details.
If you would like to know more about the service or connect with us on call, please write at consulting@rnm.in