It is common knowledge that a person in authority and of exceptional talent does not come in at a low cost. And especially for unlisted companies or those in the SME sector who may/may not have a working capital dependency, employing a full-time CFO for their vision might become a financial burden.
Even more so, there are situations which are out of our control or agnostic to human intervention. It could be a time of global recession, a pandemic (such as the ongoing COVID-19 pandemic), a slowdown in investment across territories, and so on and so forth. It is in difficult times such as these when the financial health of a company becomes paramount to ensure it sustains the challenges posed to it.
But how does one mitigate a huge cost? Only if there were someone willing to work without citing a nigh-astronomical amount to help businesses in stressful times and bring in astute value addition?
Our virtual CFO services and risk advisory teams have been cultivated from a similar need, where we at Coinmen believe that a company should not have to splurge exorbitantly to ensure its own survival. What it needs is a helping hand and a partner, to ensure that its processes are set up in a way that they streamline operations to achieve the company’s short-term and long-term goals; and, more importantly, let the founders focus on the overall vision for their business.
When it comes to the financial and related business planning, we intend to do the heavy lifting for you, so that your pursuit of achieving your vision remains unaffected by circumstances beyond your reach.
It’s simple, to be honest. Our three-pronged approach for virtual CFO services works holistically, by looking at the following parameters:
– Strategic Support – Process Support – Operations Support
Each of these functions are looked at from a planning and execution point of view, as per the requirements of the business in the long-term and short-term.
From a technical standpoint, we deploy an engagement leader backed by a team which believes in forming holistic relationships across the business to understand its vision and deliver upon it via setting up of a proper accounts and finance function, defining KPIs, helping with complex matters pertaining to governance/finance and otherwise, and most importantly, ensuring the financial health of the company via strategic and insightful decision making.
As for risk advisory services, we believe in undertaking proper budgeting, forecasting, and strengthening of internal controls across the business to ensure long-term market presence. We believe in setting the right benchmarks for the business and ensuring it follows industry best-practices when it comes to financial decisions.