What are CFO and Virtual CFO Services?

CFO Services: We provide experienced and qualified professionals who act as your dedicated CFO, handling all aspects of your financial management. This includes financial planning, analysis, reporting, and strategic decision-making.

Virtual CFO Services: We offer a cost-effective alternative, providing a remote CFO who delivers strategic financial expertise, customized to your specific needs. This allows you to access high-level financial guidance without the overhead associated with a full-time CFO position.

Types of CFO and Virtual CFO Services:

• Financial Reporting & Analysis: We create accurate and insightful financial reports, analyze your financial performance, and identify key trends and areas for improvement.
• Financial Planning & Budgeting: We develop comprehensive financial plans, budgets, and cash flow forecasts to guide your business decisions.
• Strategic Financial Management: We provide strategic financial insights, helping you make informed decisions about investments, acquisitions, and other critical growth initiatives.
• Risk Management & Regulatory Compliance: We assist in identifying and mitigating financial risks while ensuring compliance with relevant financial regulations.

Benefits of Our CFO and Virtual CFO Services:

• Cost-effective: Enjoy access to high-level financial expertise without the significant expense of hiring a full-time CFO.
• Strategic Guidance: Gain valuable insights and guidance to make informed financial decisions that drive growth.
• Improved Financial Performance: Enhance your financial management and optimize your financial health.
• Scalable Solutions: Benefit from customized services that adapt to your specific business needs and budget.
• Increased Efficiency: Focus on your core business activities while we handle your financial operations.  

Betterwiser offers following services:

• Virtual CFO
• Virtual CFO Outsource
• Virtual CFO Finance Service
• Full time CFO
• Interim CFO
• Part Time CFO
• Small Business CFO Service

Main activities that a CFO or Virtual CFO does includes:

• Setting up Accounting and Reporting System
• Establishment of Internal Financial Control
• Preparation of periodical management reports (MIS)
• End to End legal compliance handling for client
• Financial Analysis, Budgeting and Control
• Break Even Analysis, Cost Benefit Analysis
• Year-end Accounts closure and support in Statutory Audit
• Treasury Management
• RBI Compliances

These are broad area of activities of a CFO or Virtual CFO. However, based on the client’s business requirement, scope of work can be increased or reduced to suit the individual business need.

How to Choose a Virtual CFO

If you are considering outsourcing your CFO responsibilities to a virtual CFO, there are a few things you need to keep in mind when choosing a provider. These include:

• Experience: Make sure the virtual CFO has experience working with businesses in your industry and with businesses of your size.
• Skills: Make sure the virtual CFO has the skills and expertise to handle your specific financial needs.
• Availability: Make sure the virtual CFO is available when you need them.
• Communication: Make sure the virtual CFO is easy to communicate with and that they are responsive to your needs.

Price: Make sure the virtual CFO’s fees are in line with your budget.