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.

Consider these 10 ways a Consultant CFO adds value to a business:

1

Cost savings on salaries, overheads and capital expenditure


On average, CFOs are expensive employees around the world. Paying a suitably experienced, full-time CFO’s salary could be difficult for a mid-sized business.


With an outsourced CFO service, besides massive savings on the monthly payroll cost, you don’t have to pay taxes or health and retirement benefits for your CFO. You would not need to provided the consultant with any work tools (computer, mobile phones etc.) or a motor vehicle. He/She would also not need a dedicated fancy office (which a full-time CFO would normally demand), happily operating out of a client’s meeting room or similar facility.


All this adds up to significant savings without a sacrifice in the quality of work.

2

An independent viewpoint
 

Consultants are valuable in most areas of business because they bring an experienced yet fresh viewpoint to bear on a company’s difficulties.


This helps solve problems that your in-house staff may be too close to, in order to see solutions.

3

Sound Financial Advice
 

When you don’t know how to increase profitability or secure your company’s financial condition, you need advice from a financial expert.
 

An outsourced CFO, being a world-class professional can provide the guidance and advice you seek.

4

Streamline Accounting & Performance Management Systems
 

Out-of-date processes and antiquated operational methods can greatly hinder the efficiency & effectiveness of any department or function.

 

A CFO consultant can help you quickly develop and streamline your processes to achieve efficiency in financial operations, enhance effectiveness of your performance management systems, and to generate a clear insight into you operations.

5

Accurate Financial Statements
 

If you don’t necessarily know the difference between a well-done, accurate financial statement and a sloppy one, or if financial reporting is just not your area of expertise, your business can benefit greatly from someone who really understands how to prepare and review these critical documents.

6

Financial Analysis and Consulting


Outsourced CFO services provide spot-on, high-level financial analysis of your cost and profits to help you plan strategies to deal with the financial problems or concerns you face.

7

Preparation of Financial Information
 

You need financial documents to show any potential investors or venture capital firms you approach.

 

With an outsourced CFO service, you’ll get expertly prepared financial information to help you attract investors.

8

Restructuring
 

CFO consultants who review your company’s balance sheet will help you find ways to bring your accounts payable & receivable up to date and to free up cash.

9

Fund Capital Improvements
 

Restructuring or effective cost-cutting strategies will free up capital which you can use to pay off any substantial debts your business may have or to use to advance your business through marketing or other avenues.

10

Set-up a Retirement Plan


If you’re like most people, setting up a complex retirement plan for your employees is a dauntingly impossible task.

 

For a Consultant CFO, it’s business as usual and a major responsibility removed from your plate.

About ACS SYNERGY
ACS SYNERGY is a global business enablement firm. Transcending borders through technology, it maintains a virtual global presence and serves clients that are based around the world.
With a corporate headquarter in Singapore, the firm operates several online service businesses which are supported by delivery and support centers located at various locations globally.
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ACS is truly global. Wherever in the world your business is located, through effective use of enabling technologies and a healthy network of our global professional consultants, we are able to serve you anywhere and almost everywhere.

Global enquiries email: contact@acssynergy.com