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We Build & Maintain A High-Performing Finance Department For Your Business
The concept of a Remote 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 Remote CFO essentially replaces the need for hiring an expensive full-time Chief Financial Officer
Your Remote CFO being a world-class professional will enable capabilities that are crucial for success.
Engage an ACS Remote 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.
With right technology tools, your Remote CFO feels just like any other team player whether on or off-site.
Leverage the expertise of a world-class professional at lower cost
A Remote 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 (Remote 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.
REMOTE CFO IS A VIRTUAL AND EFFICIENT SERVICE CONCEPT
ACS Consulting 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 Remote CFO is a real person who is located at a different location and works with you remotely through technology tools.
Customize a frequency and level of engagement which you feel comfortable with!
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.
Full-time offsite (Virtual CFO)
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 virtual CFO provides massive cost advantage and feels just like a normal team player who sits in some other office. In a typical week, a virtual 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 virtual 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.
Part-time onsite, full-time offsite
The consultant typically visits client’s office once or twice a week and coordinates with client’s accounting/finance team remotely on all other days. This plan is the closest thing to hiring a full-time CFO that a business can have. The consultant acts, feels and behaves like a full-time employee and is thus able to provide a long-term focus.
This plan results in massive savings and much enhanced efficiency & effectiveness.
Part-time onsite
The consultant typically visits client’s office once or twice a week or once or twice a month (depending upon the need). On all other days, the client’s accounting/finance team works under the guidance provided during the visits.
The consultant ensures quality through a continuous process of training and systems implementation. This plan normally results in an even lower cost than the other options.
Systems Development Assignment
The consultant is engaged for a limited time (ranging between one to six months). The consultant works to develop processes, implement systems and train teams with an objective to build in-house capacity.
At the conclusion of the Systems Development Assignment, the consultant is relieved, and client’s team begin to perform independently.
Project Based
The consultant is engaged for a specific project. Examples would include managing the financial aspects of a large-scale project or handling an acquisition/merger transaction.
Upon completion of the project, the consultant is relieved.