Virtual Cfo

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CFO SERVICES

He right CFO can be a game-changer for your business. They can bring about the
change and transformation you need within your business.
As your virtual team, we handle everything to do with the finance and accounting
of your startup — virtually!

Our team of Professionals look forward to helping you to build a strong financial
foundation so you can scale your startup

We works on providing high quality service and excellence on assignments.

Spend Less Time on Finances and More on What Matters

Virtual CFO
A business that does not have an in-house finance department can utilize
alternatives such as outsourcing the finance function to another firm. Apart from
this, the business can also utilize virtual CFO services. Virtual CFO services can be
offered either remotely or through an external consultant.  Due to digitization,
businesses have to adapt according to the changing circumstances. Some
businesses, such as Start-ups and SMEs, may not have the necessary resources to
hire an in-house Chief Financial Officer (CFO). Hence, these businesses would opt
for virtual CFO services.

WHY YOU CHOICE VIRTUAL CFO?

 More Independence
Being a consultant and not an employee, helps in being more independent
and straight to guide and navigate the management as per desired
objective without being fearful.

 All skills and experience is covered

It is a team of professionals. No single person can have all


required skills over
time. With the help of a legalsaral , Organization will benefit beyond the
experience of a
person only as a service.
Multiple Advantages of working with a team not an individual CFO. If a company
is considering hiring a full time CFO; it makes use of the knowledge of a single
professional person which in most cases is limited. However, a legalsaral
comprises a team of experienced professionals, each one of them with his/her
own expertise.

 Continuity & Stability:


Legalsaral being a professional firm can offer stability. Legalsaral will help
maintain the continuity
of working with the trusted resources over the long term.
 No Geographic Limitations:
Clients can engage a service outside the region; there are no geographical
boundaries
set for a CSP.
 Superior Resource at Reasonable Cost:
Company to have financial management that is experienced, skilled,
insightful, and
able to see the big picture with multiple domain strength. That kind of talent is
expensive. But companies do not need access to that kind of talent every day.
Virtual
CFO services means Organisation can have the quality talent resource at
affordable
cost.
The biggest challenge for start-ups and small and medium enterprises is to keep a
tab on their fixed costs. Since full time experienced CFO is not available at low
costs,
hiring a CSP helps running business with budgets. Virtual CFO services offer value
for
 Trust & Candour:
In Virtual CFO service; the role of CFO is played by professional who are focused
on the need of the hour. Unlike the employee, he has no competing agenda, not
guarded to his comment or need to be ‘the yes man’. The legalsaral brings on
board the
third eye to have right perspective and views from trusted, credible &
experienced
professional team backed by their vast experience and diversity.

 Absence of Virtual CFO- Impact


The organisations which have no CFO on board or need to support CFO office,
are
vulnerable to the following risk, if they opt not to hire Virtual CFO at right stage
and
right time.
• Missed opportunities for business
• Lack of adequate control system, Unproductive and weak processes
• Faulty transition from existing system to new system.
• Waste resources, time, and effort.
• Loss of stakeholders, investor, and client confidence.
• Lack of critical resources at times of need.
• Exposure to unnecessary legal or tax risks.

INTERIM CFO
An interim Chief Financial Officer is a highly experienced finance
professional who becomes a temporary member of your management
team and takes over the responsibilities of a CFO who suddenly quits or
needs to take an extended leave of absence.  This will help the company
tide over the gap formed by the departing CFO and the incoming CFO.
 A full-time job with a short-term contract
An interim CFO can help a company fill the gap following the departure
of a full-time chief financial officer, help prepare for an event like a merger, or
simply assist as the company makes necessary changes to its finance functions.
SPECIAL PURPOSE
A special purpose CFO is a person that can be hired by any business as an
external financial officer. This financial officer is responsible for fulfilling all the
requirements of the running a Specific Projects. It is also possible to hire a CFO and
then initiate any projects after mutual discussion.

Our CFO steps in as a ‘Special Purpose CFO’ for a limited period, till the time the
company requires its help.
There are times when a rapidly growing company is handling multiple projects
simultaneously. This can and does put a lot of load on the mind of the existing
CFO, who may find it increasingly difficult to do justice to all the projects due to
acute paucity of time.

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