Do you feel that managing your company’s finance requirements is a hectic task? If you are nodding affirmatively, then it’s a sign that you need a Chief Financial officer (CFO).
It is said that one must not only focus on earning but also on how to take the maximum output of that earning. Most of the time, the entrepreneurs get so stuck in managing the inflow of cash that they keep roaming in the vicious circle of earning and managing. What if we say that hiring a CFO consultant who not only efficiently monitors and manages your finance but also provides vital CFO advisory can make your life much easier?
Get a thing or two off your plate and focus on building the business and company!
A Chief Financial Officer understands the complex financial structure of your company and through his/ her financial expertise, builds a simpler strategy that takes your organisation on the route of a successful financial journey. Providing the most trusted CFO services in Bangalore, we, at Entrust, have highly qualified finance managers who silently manage your accounts, without you having to run after them.
Various hats a CFO dons-
As a Strategist
A visionary to the company, the CFO has a far sighted vision of the company’s financial goals and builds a strategy to achieve the goal.
As an Advisor
Being a financial expert, the CFO’s financial advice adds great value to the company.
As a Financial Representative
A CFO must possess the skill of being a clear communicator as he/she is the voice of the company when it comes to financial reporting or releasing any financial data. He/ she acts as the financial representative of the organization and deals with both internal and external stakeholders.
When does a company need a CFO?
- Speedy growth
A company’s rapid growth demands additional financing and finance strategy. As the company’s leverage increases, attention needs to be paid to the balance sheet and cash management. When a CFO steps in in such a scenario, he/ she brings his/ her expertise to study the market and study the company’s financial status to bring out the best possible strategy for maintaining the growth.
- Risk factor
When complexity arises in a business and risk is growing, you need a CFO who can calculate the involved risk factors and pull the company out of it. Only a person with strong financial and analytical skills is suited for the task.
- During company acquisition
In times when a company is planning for an acquisition or a merger, a CFO can determine the potential acquisition and other details of the case, so as to deal with the stakeholders.
Areas where a CFO can help a company-
- Financial Planning and strategising
A CFO can plan a suitable financial strategy for the company and execute it in a smooth manner, so that the company becomes more and more financially stable and is less affected by the complexities.
- Financial reporting
A CFO is the one who reports all the finance related updates to the CEO and the board of directors.
- Tax strategies
Taxes, being an essential part of a company’s financial system, it is vital to understand applicable tax laws and make the corporate transactions.
- Treasury management
A CFO, from managing accounts, taxes, investor relations, also manages the treasury department.
- Analysing financial strengths and weaknesses of company
A CFO studies the financial weaknesses of the company and works towards turning them into strengths.
Why choose CFO services?
- Save your time and energy for other tasks, and let the expert CFO handle finance.
- Focus more on your business because the CFO is there to manage what the business earns you.
- Don’t worry about corporate transactions and experience a smooth cash flow with a CFO.
- Get the accurate market data from the CFO and make wiser business decisions.
- Use your CFO’s networks and gain more external sources that can help you build a bigger business.
As one of the best CFO services in Bangalore, Entrust offers you a wide range of packages that let you hire an external Chief Financial Officer who takes the finances of your business and turns them into profits and investments.