Introducing smart CFO services
We Build & Maintain A High-Performing Finance Department For Your Business
The concept of a Smart CFO has been designed to help your business reach its full potential faster by enabling strategic capabilities, improving your financial operations, stimulating growth, aligning your reporting system with strategic goals and providing you with a clear insight into your business that you always thought was missing.
Most importantly, it is designed to cut your business cost.
The Smart CFO essentially replaces the need for hiring an expensive full-time Chief Financial Officer
Leverage higher-grade expertise
Your Smart CFO being a world-class professional will enable capabilities that are crucial for success.
Understand what KPIs your reporting systems are measuring, how they are measuring and what they should be measuring to monitor achievement of strategic objectives.
Deploy world-class financial & business analysis to unearth and close the gaps between your critical success factors and your operational focus.
Improve and implement effective performance management systems. Generate quality presentations & reports customized and geared for the intended audience.
Develop & implement water-tight financial & operations controls. Optimize financial operations and reduce costs.
Ease your cash flow challenges through professional financial management.
Implement suitable budgetary systems and create clear performance scenarios for effective planning.
Make informed investment decisions through world-class projects & investment appraisal.
Stimulate your corporate development function. Gain the ability to effectively pursue and raise equity & debt finance.
Improve the capabilities of your accounting & finance human resource through effective training.
HOW IT WORKS?
IT IS SIMPLE, IT IS EASY & IT IS FAST!
Engage an ACS Smart CFO or a whole team comprising of layers of expertise, on a contractual basis.
The assigned consultant will work remotely with your team, at your working hours, at an agreed frequency, typically once or twice a week.
On all other days, the consultant will coordinate and work with you remotely i.e. sitting in his/her own office.
Enhance efficiency & cut cost
Leverage the expertise of a world-class professional at lower cost
A Smart CFO is considerably more cost effective and more efficient option than hiring a full-time professional of similar caliber...
Engage a higher-caliber professional to lead your finance team at a much lower cost.
Eliminate slack time cost i.e. most mid-sized businesses do not have the need (scope of work) for a full-time CFO.
Eliminate the cost of employee related taxes or pension contributions (Smart CFO is a consultant and not an employee).
Eliminate the need to provide your CFO with any work tools including computer, mobile phones and a motor vehicle.
Eliminate the need for a dedicated fancy office which a full-time CFO would normally demand.
Virtual service model
LEVERAGE MODERN ICT & ENABLE
A VIRTUAL SERVICE
ACS is a global service provider with a global team of world-class CFO consultants.
If you do not get a suitable match at your business location, do not compromise on quality, consider having a Remote CFO instead.
Smart CFO IS A VIRTUAL AND EFFICIENT SERVICE CONCEPT
ACS works with a sizable team of
world-class CFO consultants based in various major cities, who are able to travel to your business premises if needed.
However, the essence of the service which makes it so efficient is reliance on technology to make it completely virtual.
A Smart CFO is a real person who is located at a different location and works with you remotely through technology tools.
Flexible service plans
Customize a frequency and level of engagement which you feel comfortable with!
Leverage the Flexibility!
With flexible service plans, you can try-out a service frequency and level of engagement which you feel comfortable with and then decide what works for you. At ACS, we can accommodate most needs.
Given below are some generic plans which could be customized for the individual needs of any client.
The consultant is engaged with an understanding that all CFO functions will be performed remotely i.e. where the consultant works with the client through technology based communication tools.
A smart CFO provides massive cost advantage and feels just like a normal team player who sits in some other office. In a typical week, a smart CFO will have a comprehensive video meeting with key members of client management and will constantly coordinate with his/her team to effectively manage financial operations. The smart CFO will enable and maintain a robust reporting function which is kept perpetually up-to-date in a cloud environment and is accessible by management from anywhere and at any time.
This plan results in massive savings and much enhanced efficiency & effectiveness.
Explore smart CFO
The concept of Smart CFO has been designed to assist you with running your business more effectively, improving your financial operations, aligning your accounting system and providing you with a clear insight into your business that you always thought was missing. Most importantly, it is designed to cut your business cost.
Smart CFO concept essentially replaces the need (typically for mid-sized to larger mid-sized companies) for hiring an expensive full-time Chief Financial Officer.
Not only it cuts slack time and business cost (payroll, space cost, capital expenditure etc.) for the client but also enables a higher-grade finance human resource which the business could possibly not afford to hire on full time basis i.e. as an employee.
Why you need a smart CFO
What is a consultant CFO & how it can transform your business?
The term CFO stands for Chief Financial Officer, and this management function is essential to the effective functioning of any mid-sized or larger business.
Of the many functions provided to management, the CFO’s role include at least the basics of:
Taking responsibility for the timely and accurate reporting of financial performance, condition, and cash flows of the business.
Making sure that all federal, provincial, and local governing regulations, laws, and taxes due are in compliance.
Assisting management in the development of operating strategies for improving the present, and planning for the future.
Designing and monitoring controls for the performance of business and internal operations of the business.
Smart CFO Deliverables
Leverage the expertise of a world-class professional
What you should expect from ACS CFO Consultant!
A CFO Consultant, provided by ACS, would be a world-class finance professional having an ‘A’ rated professional qualification and minimum of 15 years of post-qualification experience of working in industry, including significant experience as a CFO for a sizable business organization.
The CFO Consultant would fill-in the resource/expertise gap by performing the following functions for the client organization:
Optimize the systems of financial & business controls.
Evaluate & streamline key finance & business processes.
Develop and manage training programs for the client’s in-house accounting & related staff.
Implement/optimize the accounting software and other finance related ICT tools.
Build and optimize business planning & budgeting processes.
Develop a finance strategy in line with the overall business strategy.
Ensure tax and other regulatory compliance.
Develop an efficient reporting system which produces timely and accurate financial and operational information.
Perform in-depth & continuous business analysis.
Appraise projects & investments.
Build and manage an effective performance management system.
Prepare information & presentations for stakeholders groups including banks and providers of finance.
Create and manage cash flow management systems.
Should you pursue the outsourced CFO service model, the continuous achievement of the above mentioned objectives will be demonstrated through following tangible & measurable deliverables:
Clearly defined, accurate, relevant & timely reporting available in a few days after closing the month’s business activities.
Development of a relevant set of KPIs and inclusion & availability of information on all the suggested KPIs in monthly reporting.
Real-time, anytime access to financial and performance reports.
Insights extracted from performance reports that highlight areas of concern, variances from plans, and indicating follow up needed for improvement.
An ability of the client management to regularly discuss in person or virtually through video/conference call with the consultant to seek recommendations on the steps needed for improvement.
Availability of an ongoing business improvement plan that outlines the current strategic position of the business with clear identification of new opportunities and threats in the market.
Availability of strategic as well as detailed operational business plans.
Significant reduction in the cost of financial operations.
Take the next step towards developing a truly world-class finance function for your business !
Optimize your financial operations, enable effective business planning & analysis, implement sound financial controls and get a clear insight into your business performance
For engaging a Smart CFO, contact ACS today!