Your Profit Catalyst
M +91 9999 424 420
Email: info@holis-tique.com
Holistique Business Consulting
C-53 Defence Colony, New Delhi - 110024
QUESTIONS? CALL: +91 9999 424 420
Permeate to businesses of all sizes and dimensions.
- Startup
- SMEs
- Large Corporates for qualify performance of time-bound assignments which are non-recurring and exceptional in nature.
- Large Corporates for the subsidiary and Joint Venture.
A person or team providing Virtual CFO services are called CFO Service Provider (CSP).
As forward-looking strategist, Virtual CFO delivers financial intelligence so essential:
- To augment Cash Flow.
- To Bolster Profit margin.
- To Streamline Business Growth.
Virtual CFO Delivers Value with a Perfect Mix of:
- Professional acumen
- Vision
- Leadership
- Performance
- Integrity
GAMUT of VIRTUAL CFO SERVICES
- Number Crunching.
- Mentorship with HODs.
- Assistance in:
- Agile and decentralized decision-making
- Scenario Planning
- Budgeting
- Reporting
- Guidance and Counsel to CFO.
- Rich past professional experience in the domain of Finance and Accounts.
- Manpower resources.
- IT systems.
- Office infrastructure.
- Communication tools.
And above all, entire Team backed by diversified work experience to support Virtual CFO.
Being a consultant and not an employee, Virtual CFO helps navigate clients to aspired objectives without fear or hesitation.
Multiple benefits of skills, expertise, specialization and across industries working knowledge brought to the table by a team of finance professionals.
Long-term stability of functioning within available resources.
Access to service is possible without geographical barriers.
Superior resources are at disposal at affordable cost-particularly, for SMEs and Startups.
Third-eye perception of an experienced and versatile team of financial professionals without any bias.
Engage and pay for what you need without apprehension of permanent commitment.
- WHEN business growth process reaches a stage of more complexities.
- WHEN handling potential business risk and ensuring uninterrupted cash flow management.
- WHEN exploiting untapped market opportunities, keeping a strict vigil on potential economic threat becomes imperative.
- WHEN financials are unfavourable and struggling to maintain profitability to sustain a business.
- WHEN lack of clarity in an unprecedented business scenario, sound decision-making assumes paramount importance.
To elevate your business to the next level but completely exhausted.
As business financials are relegated to lower priority.
That your business has hit a plateau with hazardous cash flow management.
To scale up business and manage financial complexities.
Unable to hire Chief Financial Officer (CFO) to mitigate problems at prohibitive cost of recurring fat compensation package.
- Missed opportunities of Business.
- Lack of adequate control mechanism.
- Unproductive, weak and wasteful processes.
- Faculty transition from existing to new system.
- Avoidable waste of resources, time and effort.
- Absence of critical resources when needed.
- Exposure to avoidable legal or tax risks.
- Mounting regulations of finance functions.
- Increasing disclosure levels.
- Peer comparison by regulators.
- Increased governance issues.
- Fear of oversight.
- Earning growth and budgetary allocations.
- Scarcity of resources and skills.
- Internal co-ordination challenge.
- Inadequate decision-making support.
- Technological limitations to scalability.
- Facilitate your access to financial leadership with requisite expertise at a fraction of a cost of Full -Time CFO.
- Join as an Internal member of your Team.
- Ensure focused attention to the well-being of our clients.
- Work closely with Promoters, Directors, Business Owners and higher management personnel.
- Improve total financial health of the client’s organization.
- Handhold in dealing with multiple entities:
– Investors, Bankers, Customers. - Become silent Partner in providing customized solutions for client’s success.
- Being an effective organizational leader.
- Efficient allocation of the existing resources.
- Ensuring effective co-ordination of finance department with other departments.
- Managing the responsibilities of stewardship with stakeholders.
- Acting as integrator and navigator of the organization.
- Financial foresight.
- Accounting & financial expertise.
- Ability to understand nuances of business.
- Result-oriented approach to resolve issues and implement solutions.
- Self-driven and ever proactive rather than reactive.
- Proficiency in communication - both oral and written.
- Leadership skills.
- Strong network of experts across the board.
- Deftness for crisis management.
- Awareness about macroeconomics.
- Understanding of capital markets.
- In initial stages, visit to client’s office or branch is undertaken.
- A separate space is allotted to CSP team within client’s premises.
- Visit to Project/Factory/Warehouse of client along with client’s team to gain better understanding of operational details.
- Trainees are regularly deployed at clients office.
- A meeting or two are planned at client’s premises in a week to appraise progress and performance.
- For distant geography, 3 days monthly visit is planned to ensure reporting and better co-ordination.
- Execution of routine work is planned with client’s team.
- Subsequently, work is done from CSP’s own office.
- Compliance and procedural assignments are handled online in Virtual environment.
- Virtual CFO Service engagements are hybrid of both the methods – onsite and offsite- with different degree and level.
- In the initial stages, more engagements are essential.
- Gradually offsite working becomes the norm.
- For clear communication on onsite and offsite, execution process is done by both the teams via
- Weekly conference.
calls.
- Video
MAIN STAGES INVOLVED ARE:
- Reporting to CSP by its Team.
- Reporting by CSP to client organization.
- CSP leader reporting to own organization.
- Succession planning.
- Handover and Exit.
Essential Parameters of Virtual CFO Ecosystem:
- Diversified geographies for execution.
- Service one client having multiple business locations.
- Diversified business segments.
- Diversified functional expertise.
- Skill to operate in larger team.
A) Book of Accounts
- Completion of transaction
- Accuracy of numbers
- Information in an Accounting System
- Compliances
- Income Tax, GST, Company Law - Proper Maintenance of & Reconciliation of
- Accounting Vouchers
- Invoice
- Receipt
B) Ledger Reviews Covering
Employees Suppliers, Customers, Tax, Proprietors or Directors, Security deposits, Bank Reconciliation, Bank Guarantees.
C) Statutory Compliance
- TDS - Suppliers, Payment, Returns
- Tax Calculation for Employees
- Insurance of form 16 and TDS return.
- GST Sales Invoice, Payment Monthly Return.
- ESI and PF.
D) Advisory Function
- Advisory on Business Transaction
- Tax Planning
- Tax Saving
A) Book of Accounts
- Completion of transaction
- Accuracy of numbers
- Information in an Accounting System
- Compliances
- Income Tax, GST, Company law etc. - Proper Maintenance of & Reconciliation of
- Accounting Vouchers
- Invoice
- Receipt
B) Ledger Reviews Covering
Employees Suppliers, Customers, Tax, Proprietors or Directors, Security deposits, Bank Reconciliation, Bank Guarantees.
C) Statutory Compliance
- TDS - Suppliers, Payment, Returns
- Tax Calculation for Employees
- Insurance of form 16 and TDS return.
- GST Sales Invoice, Payment Monthly Return.
- ESI and PF.
D) Advisory Function
- Advisory on Business Transaction
- Tax Planning
- Tax Saving
E) Monthly closing and P & L Report
- Assistance in Monthly Closing of Books of Accounts.
- Debts Ageing Report
- Item Wise Stock Reports
- Gross Profit Reports of company
- Gross Profit contribute a Report of Sales Personnel
- Jobwise Profitability Report
- Incentive Compilation
- Bonus Compilation
