Virtual CFO Services (for SME’s)
Every growing business needs strategic advice and directional support of a financial expert to sail through the micro & macro challenges to improve business profitability. However, having a full-time professional CFO on roll is not something most SMEs can afford. As a result, many small and medium-sized companies settle for lesser skilled accounting staff, while compromising on the quality of critical financial functions like budgeting, forecasting, cash flow planning, financial reporting.
OTL’s Virtual CFO services are aimed at helping start up agents, SME agencies by providing highly professional advice on matters relating to effective management of business finances and compliances. Under this model, a highly qualified financial officer splits his time between multiple SME clients overseeing their finance and accounting functions while providing strategic advice on matters relating to company’s profitability and growth. This helps SMEs receive financial expertise on a need basis, while making significant cost savings in terms of high salary, benefits and overheads that is associated with hiring a full-time CFO.
How our Virtual CFO service helps your business?
- Flexibility- Our Virtual CFO services allow companies to retain a CFO for a long or short duration based on the business requirement, be it temporary, project based or ongoing.
- Cost Efficiency- It helps businesses make significant cost savings in comparison with a six-figure salary and benefits typically associated with retaining a full-time CFO in-house.
- Financial Expertise- As a highly qualified financial officer, a Shared CFO provides important guidance on various aspects relating to your company’s finance and accounting functions.
- Accurate Financial Statements- By having your financial statements prepared under the guidance of a highly experienced CFO, you can be rest assured that your statements are accurate and error-free.
- Strategic Financial Guidance- Our Shared CFOs provide insightful advice to business owners on matters relating to financial planning, business profitability and growth, allowing them to make better decisions.