CFO Services In Bangalore | Virtual CFO Advisory
MKDA is a financial and Strategic business advisory company located in Bangalore, the startup hub of India. We provide extensive support and hands-on experience in finance, sales & marketing, operations, human resources, business planning, and funding. We are a vital contributor to developing, managing and monitoring early startups and growth-oriented companies.
Our team of experts has been invaluable in dealing with Finance, CFO and secretarial functions, Taxes and Litigations, Risk Assessment and Mitigation, Business Plans, Budgeting, and Treasury Management, Branding, Customer issues, Product sales, and Marketing strategy. Our services are designed to fill the market need for a critical management executive with a complete business approach playing the role of strategic advisor in addition to the functions of the CFO role.
Why Outsource CFO services?
- Develop Contingency Measures: CFO services for startups develop strategies to tackle financial challenges and handle sudden or unstable growth.
- Cash Flow Management: Cash flow statements incorporate net income, long-term stockholder equity, assets, and liabilities. Through regular evaluation, CFOs help in cash improvement programs.
- Professional Advice for Funding.
- Create Strategies Based on Data: A startup CFO manages data collection and analysis and generates insights based on this data, which will help the startup compete with other businesses within your niche.
- Set Up Efficient Financial Infrastructure.
- Financial Management and Forecasting.
- Constant Monitoring of Operations.
- Prepare Startups for the Next Level
- Tackle Financial Challenges
CFO services for startups can help in the following –
- - Poor cash flow and profitability
- - High client churn
- - High business overhead
- - Inability to raise capital
- - Debt management and loan repayment
Benefits of using CFO services
- Save time and money
- Maintain focus on your business
- Manage cash flow effectively
- Strategic succession and exit plans
- Systemized business
- Make sound business decisions based on accurate data
- Accelerated business growth
Types of CEO
- Virtual CFO - Engaging as a strategic partner on an ongoing basis to help you grow your business.
- Interim CFO - Filling in the void, on a temporary basis, created by the sudden exit of your current CFO.
- Special purpose CFO - Assisting your management team and the CFO with mission-critical projects.
- Full-time CFO - Leveraging our network and domain expertise to help you recruit the right CFO.
FAQs
Outsourced accounting services give a company financial and managerial flexibility by helping them manage the financial, business, accounting, and operational activities and meet the customers' challenging demands. An outsourced CFO can be used full-time, part-time, or as an interim for the duration of a project.
- A virtual CFO does the bookkeeping for the client.
- Virtual CFO takes care of the financial & accounting functions of an organization.
- Virtual CFO helps SMEs in Financial advisory, cash flow forecasting, budgeting, accounting rules and procedures, internal control, debt planning, and corporate governance.
- CFO virtual financial services help in focusing on the company's commercial tasks.
- They work at the top level and perform the same activities as a CFO
A fractional CFO lends their financial help to a startup on a contractual basis. Fractional or part-time CFOs have extensive previous CFO-level experience but help startups on a temporary basis.
A CFO will have to interact with the members of a company, both senior and junior. The main responsibilities of a CFO are :
- Providing leadership and management for the finance and accounting team.
- Providing strategic recommendations to the company.
- Managing the processes for financial forecasting, budgets, and preparation of all financial reporting.
- Advising on long-term business and financial planning
- Establishing relations with senior management and external partners.
- Reviewing all formal finance, HR, and IT-related procedures
Virtual CFOs benefit small organizations that may not have the financial resources to engage a full-time CFO.
- A virtual CFO is less expensive than a full-time CFO.
- All CFOs have financial experience. But a virtual CFO is more well-versed.
- Flexibility - With a virtual CFO, the services continue, regardless of what happens to a member of the virtual team. The transition occurs with ease and won’t disrupt your process.
- Accurate Financial Reporting
- A virtual CFO is an expert in adapting to meet the needs of your team.
- A virtual CFO uses proven methods and approaches to grow your company.
- A virtual CFO assesses the current state of your company and proceeds without wasting time.
Part-time CFO responsibilities are as follows
- Monthly financial reporting
- Cash flow projections and assistance with the investor.
- Ensures regulatory filings (like income tax and payroll tax filings) are done accurately and on time
An organization appoints a traditional CFO to carry out the activities of a CFO. Whereas a virtual CFO offers external counsel and advice to an organization.
- Financial Management.
- Budgetary Control.
- GST Filing.
- Income Tax Filing.
- HR Management.
- MIS Reporting.
- Legal Process Work.
Waste No More Time!
Let us help you get your year started right with a fresh set of eyes on your books.