Top 5 Reasons Why you Should Choose a Virtual CFO for Small Business

September 07, 2015

Top 5 Reasons Why you Should Choose a Virtual CFO for Small Business

How can a virtual CFO benefit small organization? Well, In case you’re similar to most little entrepreneurs, your Chief Financial Officer is likely to be either non-existent or underutilized. Yet, before you dispose of this essential position out and out, consider outsourcing it. Here are top 5 reasons why you should choose a virtual CFO for small business.

1) Relatively affordable

Yes! Virtual or outsourced CFO are affordable for small businesses. They take money based on the consulting agreement. Further, entrepreneurs and small businesses has the flexibility to decrease or increase the overall working hours of the virtual CFO. Apart from it, outsourced CFOs have lower overhead expenses. Sometimes, they can work from home too. All aforementioned factors makes virtual CFO affordable for small business.

2) Multi-tasking

Virtual CFO are important for small businesses due to their ability to multi-task. Outsourced CFO’s have numerous expertise such as banking, HR, management and can contribute in immense ways towards a small business. The outsourced CFO is a colleague that take you out of the minutia of projections, bookkeeping, accounting procedures and finance. Furthermore, they can help with difficulties, for example, changes in income, getting ready for capital costs and arranging contracts. Hence, it is extremely important to outsource CFO for small business.

3) Flexibility

Entrepreneurs and small business that utilizes outsourced CFOs have the adaptability to connect with and utilize the outsourced CFO when they require them. Furthermore, when the needs of the business change, the proprietor can contract another outsourced CFO with the aptitude set and experience required for a particular engagement

4) Increases focus on core business activities

In the absence of a CFO, small business owners have to keep a track of accounting and finance. This reduces their concentration of core product and hence, hampers the company’s productivity and efficiency. Hiring a virtual CFO for small bussines can improve the efficiency by increasing the focus on core-business process.

5) Help you to get a full time CFOs

Virtual CFOs help the entrepreneur and small business owner to get successful transition to a full time CFO.  It is mentioned in the contract that their agreement will be over when they help the company to get a full time CFO.

However, choosing virtual CFO for small business can be tedious task. Here, Elevate Solutions Pvt Ltd helps you with all the your outsourcing CFO needs.

Elevate take full charge of the company’s CFO/ Head of Finance function as their Ongoing. The engagement model is onsite/Offsite at the company’s office and delivered with complete ownership of the Finance & Accounts function & reporting into the CEO, Promoters, Group CFO (in the case of a multinational) or investors and manages the company’s Finance & Accounts team. CFO services can be offered to the companies across ownership patterns including Family Managed businesses, Private Equity/ Venture Capital backed companies, Early stage companies and Indian subsidiaries of Multinationals.

 

Why Choose Elevate solutions Pvt Ltd?

Elevate offers a wide range of products and solutions under its Finance and HR verticals. Their USP lies in customizing solutions based on their needs and nature of business in such a way that it creates maximum impact and most economic value addition to the client. Corporate funding, Corporate advisory, Syndication of loans, Private Equity funding, Tax consultancy, Due diligence  are some of the financial services they specialize in.

Elevate has a varied clientele that ranges across small, medium and large scale organizations in sectors like Hospitality, Real Estate, Infrastructure, Steel, Automotive, Capital goods and Pharmaceuticals.

 

image source:Vena Voice – Vena Solutions

 

September 07, 2015

Connect with Service Provider

Get connected within 24 hours to pre-screened, trustworthy and small business friendly service providers for Services in top Indian cities

Latest Posts

Top 7 Whiteboard Explainer Video Tips That Talks About Your Business

December 01, 2018

Whiteboard animation videos !! The video style has been trending for obvious reasons. The whiteboard animated videos are known for boosting

Read More  
Facebook Ads | Top 6 Reasons Why Your FB Ads Are Not Converting

November 29, 2018

There were only 3 million active users on Facebook 4 years before; and as of 2018 there are more than

Read More  
Top Facebook Boost Post Tips - Get Results and Generate More Leads

November 13, 2018

Majority of the online marketers who wish to advertise on Facebook and get more leads using Facebook boost posts will

Read More  
Why Should Your Business Hire Explainer Video Company Instead Of Freelancers?

November 10, 2018

We all know the benefits that having a website can help you trigger brand awarenes; overhauling your public image virtually

Read More  
Animation Video Maker | Promote Your Brand With Our Corporate Videos

November 03, 2018

Whether you’re a beginner or already an established brand, SME Networks is an expert Animation Video Maker company that

Read More  
Facebook Ads | Top 7 Effective Tips To Write Facebook Ads That Convert

November 01, 2018

I’m constantly on Facebook, scrolling through my company feed reading the news and looking at pics…I’m not

Read More  

Latest Events

CLO Engage Summit

Date: 10 January, 2019 - 10 January, 2019

India Investment Conclave

Date: 11 January, 2019 - 11 January, 2019

11th Global Intellectual Property Convention

Date: 17 January, 2019 - 19 January, 2019

PanIIT Conclave 2019 Artificial Intelligence

Date: 18 January, 2019 - 19 January, 2019

Mobile And Digital Marketing Summit

Date: 27 November, 2018 - 27 November, 2018

Emerging HR Summit

Date: 18 December, 2018 - 19 December, 2018

PITS - Pharma IT Summit

Date: 28 November, 2018 - 28 November, 2018

World AI Show - AI, MI & Robotics

Date: 22 November, 2018 - 22 November, 2018

TEDx IIFT Delhi

Date: 21 October, 2018 - 21 October, 2018

Decathlon India Run

Date: 14 October, 2018 - 14 October, 2018

One thought on “Top 5 Reasons Why you Should Choose a Virtual CFO for Small Business”

Comments are closed.

-->