Our Services
Part-time CFO Services
Our part-time CFO services will help you focus on your business and improve profitability and cash flows
What’s a part-time CFO and why you need one
Fractional or part-time CFO, as the term suggests, is a CFO who works for you on a part-time or retainer basis. Part-time CFO brings extensive financial expertise to small and medium businesses at a fraction of the cost of a full-time CFO.
Affordable and scalable
Most small and medium businesses cannot afford to have a full-time CFO on staff. The scope of our part-time CFO services adjusts to the size of the businesses, making it an affordable and hence viable alternative. There are no upfront costs.
Improve financial and operational performance
Our expert CFO services help you control costs, improve revenues, manages cash, optimizes tax, raise capital, analyze capital projects, study data, and track KPIs – thereby improving financial performance and stability.
Focus on business and life
Managing a business is hard enough. Add finance to the mix and you’re going to miss several dinners with your family. We’ll take that workload, and you can focus on your business and enjoy life with your dear ones.
Finance can be overwhelming while you focus on growing your business. The good news is, we can help you.
Cash Flow Management
It’s not lack of profits, but lack of cash that kills a business. We’ll help to make sure that the business won’t run out of cash.
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Cash flows should be prudently managed to make sure that the business is able to pay its creditors (vendors, employees, government, and others) as well as owners on time. That is, it is essential to ensure business continuity.
Not forecasting or planning cash flows of the business is a cardinal sin in business, which can lead to its demise.
As a part-time CFO, we can help you map the inflows and outflows, take definitive steps to manage them, so that the business is liquid 100% of the time. Read more >>
Performance Tracking
We’ll help you understand the key drivers of the business and implement dynamic tracking using dashboards.
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Key performance indicators or KPIs are measurable factors that contribute to a business’ long-term success. These could be operational or financial, and ties in with the strategic goals.
As a part-time CFO, we help you determine KPIs depending on the nature of the business, and set up dashboards to track their progress. This will help you make sure that the business is tracking your long-term objectives and strategy.
Data Analytics
Make sense of data to find solutions to business problems using diagnostic and predictive analytics
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Data can give insights into manufacturing or service operations, customer behaviour, marketing campaigns, apart from many other use cases. This can help in reducing costs and increasing revenues.
As a part-time CFO, we can use our data analytics capability to collect, analyze, and report on the treasure trove of data.
Acquisition & Exit Valuation
Want to buy another business, or sell your current one? We’ll help you zero-in on the fair value of the business.
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If you sell your asset, you want to get the best price for it. If you’re buying something, you want to make sure that you don’t overpay. Same is the case with businesses.
As a part-time CFO, we help you determine the fair value of your business while selling, and also provide opinions on acquisition targets to determine whether their asking price is justified.
Financial Reporting & Controls
We’ll help you prepare reliable financial statements, and implement robust internal controls to prevent fraud.
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Balance sheet gives you the snapshot of your businesses at the end of a certain period. Income statements tells you whether the business made profits. Cash flow statement tells you whether these profits are paper-profits or actual cash.
As a part-time CFO, we’ll prepare all the three financial statements on a timely basis. We’ll also implement internal controls and procedures so that revenue, cost, and asset leakages can be prevented.
Cost Control & Budgeting
We’ll help you find potential cost savings, implement a solid budget, and investigate deviations.
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As businesses expand, they pick up costs that make them bloated over time. This cost creep might go unnoticed, mostly because the year-on-year increases might have been less significant.
As a part-time CFO, we perform cost base analysis to make sure that organizations are run in a lean manner. We also help businesses to implement cost budgets and actually stick to them. Read more >>
Capital Budgeting
Thinking about investing in a big project? We’ll tell you if it’s worth the effort, after a risk-return analysis.
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Investing in a large asset or project should be analyzed as a risk-return trade-off. The question to ask is this: is the project going to generate enough cash flows, considering the risks taken?
As a part-time CFO, we help you answer this question, and decide whether to go ahead with a project, or decide which competing project to pursue.
Raise capital
Expanding? Facing short-to-medium-term cash shortages? Or do you want to optimize capital structure? We’ll help you raise capital.
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Businesses need capital injections at various points in their life cycle. This could be to finance their working capital or fund expansion plans. More mature businesses might also want to optimize their capital structure to get the most out of it.
Whatever the need be, as a part-time CFO, we can help you get the funding you need, be it equity infusion from investors, or debt funding from banks and other providers.
Tax planning & filing
Don’t mess with the CRA. But don’t overpay. We’ll help you optimize taxes and also assist in filing tax returns.
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Running a business is hard enough. There is absolutely no need to make it harder by drowning yourself in the tax rules.
As a part-time CFO, we help you optimize taxes, by taking advantage of the various deductions and credits that are available to small and medium sized businesses. We’ll also help you stay on the legal side of tax optimization.
Bookkeeping
Reliable bookkeeping services are paramount in generating reliable financial statements
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Bookkeeping services are not part of our core CFO services. Instead, they are addons. We use cloud bookkeeping softwares such as QuickBooks and Xero to reliably record business transactions.
Add on services
Apart from our core CFO services, we also offer the below ones, available as addons at extra cost:
Bookkeeping
We help in reliably recording business transactions using cloud accounting softwares such as QuickBooks Online or Xero.
GST/ HST filing
We’ll file sales taxes on a timely basis and help you determine taxes payable.