VIRTUAL SERVICES

Virtual services can be provided online through email, phone, and video calls with a limited in-person connection with the clients. It will help get expert advice and consultancy wherein CFOs / finance controllers have no full-time requirement.

The virtual service model will allow the flexibility of connecting the CFO and team `to work from anywhere and access the information round the clock to make informed decisions.

The demand of time asks/needs to move finance functions beyond a control function and play more role on the strategic side of the business. Finance functions are called upon to add value to business by driving business insights, reducing risks and improving performance.

Need of Virtual CFO / Finance controller Services for start-ups

Finance / Accounting is not being a focus area for the start-ups at the initial stage. It might be due to a lack of awareness that efficient handling of the finance function can generate more opportunities and remove roadblocks from the beginning.

Most start-up owners focus on the top line and do not care about the bottom line, resulting in revenue leakage. Further, a business might not be fully regulatory compliant, leading to penalties and interest and risk future investments. Some compliances were not met due to ignorance or non-awareness.

Virtual services are cost-effective and benefit from expert advice, ensuring proper control from the beginning and meeting regulatory compliance, leaving the owners to focus on the core area of business development.

The benefit of Virtual services for a mid-size firm:

Mid-size firms don’t require a full-time CFO or an experienced finance controller. However, growing to the next stage requires excellent fund management, business review, and effective control systems. Virtual CFO and office services are the perfect solutions to this. It provides expert services most effectively.

The benefit of Virtual services for a large business:

The trend of outsourcing the accounting function is increasing in large corporate houses. With the use of technology, data can be kept confidential. Users can avail expert services most effectively. C class executives will more focus on business development.