Outsourcing of Finance, Accounting, HR and Payroll Functions
Running a business requires juggling numerous tasks, and managing crucial functions like finance, accounting, HR, and payroll can quickly overwhelm your team. Outsourcing these functions offers a strategic solution to free up internal resources, improve efficiency, and gain access to expert support at a potentially lower cost.
Clients Served
Invoices Processed Per Month
Completed Projects
Reconciliation in a Month
Team Size
Unlocking the Benefits of Outsourcing:
- Cost Savings: Outsourcing eliminates the need for in-house salaries, benefits, and software licenses, potentially leading to significant cost reductions.
- Enhanced Efficiency: Free your internal team to focus on core competencies, while experienced professionals handle essential back-office tasks.
- Improved Expertise: Access a wider pool of qualified professionals with specialized knowledge and experience in relevant fields.
- Increased Scalability: Easily scale your finance, accounting, HR, and payroll functions up or down as your business needs evolve.
- Reduced Compliance Risks: Mitigate the risk of errors and non-compliance by leveraging the expertise of providers who stay abreast of changing regulations.
Unpredictable Cash Flow
Struggling to pay vendors on time or facing sudden liquidity crunches? Many SMEs misjudge their working capital cycle. A Virtual CFO builds cash flow forecasts and ensures you always know how much cash you’ll have three, six, or even twelve months from now.
No Control Over Expenses
Growth is eaten away by hidden costs. Without financial discipline, expenses balloon. With Virtual CFO support, you get detailed budgets, variance analysis, and cost-cutting strategies that free up funds for reinvestment.
Tax & Compliance Worries
Frequent notices, penalties, and compliance slips can drain focus. A Virtual CFO in Delhi or anywhere in India ensures your Income Tax, GST, RBI, FEMA and Regulatory Fillings are accurate, timely, and Penalty-proof.
Lack of Financial Strategy
Many businesses only “record history” instead of “planning the future.” Without a CFO, decisions are gut-based, not data-driven. A Virtual CFO shifts the business from reactive to proactive with long-term financial planning.
Dependence on Accountants Alone
Accountants handle books; they don’t set growth strategies. If you’re depending only on an accountant, you miss out on strategic financial leadership. That’s where hiring the Best Virtual CFO in India bridges the gap.
👉 If these challenges sound familiar, it’s a sign you don’t just need accounting—you need virtual CFO services. Let’s break down what a virtual CFO really is and how it changes the game for businesses like yours.
What Does Outsourcing Include?
- Finance & Accounting: Bookkeeping, accounts payable & receivable, financial reporting, budgeting & forecasting, tax preparation & filing.
- Human Resources: Payroll processing, benefits administration, talent acquisition, onboarding & offboarding, employee relations.
- Payroll: Calculating salaries & deductions, tax withholding & remittance, generating paystubs, direct deposit management.
Popular Accounting Portals
- Xero
- QuickBooks Online
- Zoho Books
- FreshBooks
- Wave Accounting
Making the Transition: How to Outsource Effectively
- Evaluate Your Needs: Identify which functions you want to outsource and the level of support required.
- Research Potential Providers: Conduct due diligence, compare service offerings, and assess security measures.
- Negotiate the Contract: Clearly define service scope, responsibilities, communication protocols, and data security measures.
- Ensure Smooth Onboarding: Provide the chosen provider with comprehensive data and training to ensure a seamless transition.
Making the Transition: How to Outsource Effectively
At Betterwiser, we understand the unique challenges faced by businesses. We offer a comprehensive suite of outsourcing solutions for finance, accounting, HR, and payroll functions, tailored to your specific needs and budget.
Our team of experienced professionals is committed to delivering:
- Superior Expertise: Benefit from the knowledge and skills of dedicated professionals in each domain.
- Cutting-Edge Technology: Leverage our robust platform and secure data management infrastructure.
- Scalable Solutions: Adapt your service scope seamlessly as your business grows.
- Proactive Communication: Stay informed through regular updates and clear communication channels.
Our team of experienced CAs and other professionals can help you avoid the pitfalls and challenges that often come with managing these functions.
The future belongs to businesses that are lean, flexible, and financially disciplined. And the CFO of the future isn’t sitting inside your office—it’s working alongside you virtually, giving you clarity, compliance, and confidence to grow.
Next, let’s dig deeper into what a Virtual CFO actually does on a day-to-day basis so you can see how this role transforms your numbers into growth strategies.
What Does a Virtual CFO Do?
Areas
- Strategic Planning
- Financial Reporting
- Budgeting & Forecasting
- Compliance Management
- Investor Readiness
- Risk Management
Responsiblity
- Financial roadmaps, scenario analysis, goal setting
- Timely, accurate MIS reports, dashboards, KPIs
- Resource planning, cash flow projections, Payroll Management
- Tax filings, GST returns, statutory compliance
- Financial decks, fundraising support, due diligence
- Identifying, assessing, and mitigating financial risks
Bottom Line:
👉 A Virtual CFO is your business co-pilot — making sure your financial engine runs smooth, fast, and future-ready.
Our Virtual CFO Services
Service Type
- Full-Time Virtual CFOs
- Part-Time CFO
- Interim CFO
- Project-Based CFO
- Specialized CFO Service
Best Suited For
- Businesses needing year-round financial leadership
- SMEs needing periodic strategic oversight
- Companies undergoing leadership transition, M&A
- Startups fundraising, implementing ERP, expansion
- Financial modeling, valuation, ESG reporting, risk advisory
Business Finance Challenges Our Virtual CFO Services Solve
- Overcoming Lack of Financial Control
- Preparing for Funding and Investor Pitching
- Managing Rapid Growth without Chaos
- Reducing Tax and Compliance Risks
- Scaling Operations with Financial Discipline
- Improving Profitability without Guesswork
Why Choose Us
Decades of Combined Financial Expertise
.
Tailor-Made Strategic Financial Plans
.
Latest Technology Stack for Real-Time Insights
.
360° Compliance, Risk, and Growth Management
.
Transparent Communication and Weekly Updates
.
100% Data Security with Global Standards
.
How It Works
Discovery Session
Understand your goals, challenges, and opportunities.
Customized Strategy Plan
A practical, action-driven plan mapped to your business priorities
Seamless Integration
Onboarding securely, syncing with your current accounting systems
Ongoing CFO Services
Reporting, advising, forecasting, and leadership every month.
Performance Monitoring & Optimization
Continuous improvements, adjusting strategies as markets evolve
Cost Comparison: Virtual CFO vs. In-House CFO
|
Service Type
|
Estimated Annual Cost
|
Expertise Level
|
Flexibility
|
Overheads
|
|---|---|---|---|---|
|
Virtual CFO Services
|
||||
Our Process of Work
Elevate your business with a phased financial strategy. We align every step with your goals, providing clear insights and impactful results.
SOP Drafting
Develop Standard Operating Procedures to establish a structured workflow.
Chart of Account Setup
Organize and implement the Chart of Accounts for accurate financial tracking.
Process Understanding
Deep dive into the client's existing processes to align VCFO support with operational needs.
Review of Books of Accounts
Conduct a thorough review to ensure accuracy and compliance.
Tax Calculation & Filing
Handle tax calculations and filings to meet regulatory requirements.
Expense & Tax Planning Advisory
Provide strategic advice for expense management and tax optimization.
MIS Reporting
Implement Management Information System (MIS) reporting for real-time business insights.
Treasury/OverDraft Management
Implement strategies for cash and investment management to optimize liquidity.
Budgeting & Forecasting
Develop budgets and forecasts to guide financial planning.
Business Outcomes with Virtual CFO Support
Retail Industry
Revenue Managed
700 CR+
Transactions Managed
2000 k+
Tax Value Managed
100 CR+
MIS Report Shared
250+
Manufacturing
Revenue Managed
200 CR+
Transactions Managed
50 k+
Tax Value Managed
20 CR+
MIS Report Shared
65+
Setup Check List
Data Sharing
- Folders appraised to the Client
- Data Flow Set
- Data Received from the Client
Login Access
- Obtain and verify access to:GST, TDS, and ITR Portals E-commerce platforms (if applicable)
- Ensure all logins are secured and functioning.
SOP Drafting
- Identify process gaps in data flow.
- Establish smooth tracking flows for streamlined data management.
Data Management
- Conduct gap analysis based on received data.
- Address and clear any backlogged items.
- Define Chart of Accounts as per MIS requirements.
- Create a centralized data sheet for easy access.
MIS Reporting
- Define MIS (Management Information System) structure.
- Share initial MIS report with stakeholders.
- Conduct MIS review call to discuss insights and next steps.
Advisory Services
- Provide tax compliance advisory to ensure adherence to regulations.
- Advise on company structure for optimal financial efficiency.
Frequently Asked Questions
Have questions in mind? Find answers here...
- Accounting oversight
- Compliance monitoring
- Monthly MIS & reporting
- Systems and process advisory
- Cost control and efficiency improvement
- Business decision support
- Stakeholder coordination
Thousands of business owners trust us to manage their account
Let us take care of your books and make this financial year a good one.
