As an entrepreneur, to manage your growing business, you need a strategic partner to lead & manage fund raising, financial reporting, budgeting, monitoring cash flows, contract negotiations, implementing systems & controls, compliances, Board of Director & Investor reporting.
Depending on the size and the growth stage of your company, we provide a flexible engagement model, enabling you to increase / decrease engagement levels, thereby giving you the opportunity of having the best CFO talent assisting you, based on your needs.
We must mention that we have rich work experience and in most cases we act as good mentors to our client companies.
SGA’s CFO service practice works with companies across various Industries, verticals, types and sizes in delivering the CFO agenda. We take complete virtual charge of the company’s CFO function as their
– Virtual CFO
– Interim CFO
– Special Purpose CFO.
The engagement model is offsite and delivered through a strong engagement framework with SGA taking complete ownership of the Finance , Accounts & Statutory Compliance function. We report to the CEO, Promoters, Group CFO (in the case of a multinational) or investors and manage the company’s Finance & Accounts team.
SGA’s CFO services works with companies across various ownership patterns including Family Managed businesses, Private Equity backed companies, Startup Companies and Indian subsidiaries of Multinationals.
VIRTUAL CFO :
SGA provides Virtual CFO services, wherein, similar to a CFO, we act as your company’s CFO, except for not being your full-time employee. We may not be on-site, but are always available. We are an integral team member, when interacting with your clients, vendors and bankers.
We provide Virtual CFO service to businesses which have a finance and accounts team but do not have a in-house CFO, a Finance Partner in their growth journey. There are many challenges facing a growing business and our Virtual CFO service helps you navigate those challenges effectively by providing professional advice, analysis and support to management.
Hiring a full-time professional CFO may not be in the budget of a small and medium enterprise. Startups and SMEs are increasingly recognizing the need to have professional CFO services and realize that managing a businesses finance and accounts, compliances, corporate governance, reporting and strategic requirements are important tasks.
Our solution is execution focused. We oversee the complete finance and accounts function and provide day-to-day oversight, mentoring and support to the client’s team and management.
Our ongoing Virtual CFO retainer engagements can be as low as 2 hours a week and can go as high as 10 hours a week. This flexible engagement model also helps you keep your CFO costs variable and low.
INTERIM CFO :
Many a times, companies require someone to immediately takeover the responsibilities as their CFO. This could happen when the existing CFO suddenly quits or takes a long term leave. Or there may be times, when the company needs a seasoned Senior Finance and Accounts professional with a rich CFO experience, in order to handle a specific project such as implementing a new ERP system or negotiating on a transaction with investors.
In such a scenario, engage a SGA’s CFO team, as your Interim CFO. This will help the company tide over the gap formed by the departing CFO, and the joining period for the incoming CFO.
SPECIAL PURPOSE CFO :
There are times when a rapidly growing company is handling multiple projects simultaneously. This can and does put a lot of load on the existing CFO, who may find it increasingly difficult to do justice to all the projects due to acute paucity of time.
This limitation in management bandwidth makes it tough for companies to implement these important special projects. In such a situation, Our Special Purpose CFO, will step in and work with your existing senior management team, including your fulltime CFO, and help in expediting and executing these multiple projects with efficiency.
SGA’S CFO SERVICES INCLUDES :
A) Strategic Planning:
Corporate Planning & Structure: Finalizing the best form of legal entity structure considering various factors like resource requirements, fund raising requirements, tax efficiency, compliance cost, regulatory requirement etc.
Business Plan Assistance: Building detailed business model from scratch OR customizing available business plan after thorough research on client’s company, products / services, industry and competition.
Budgeting & Forecasting: Creating budgets; predictive forecasts and development of market analysis; providing sensitivity analysis for various market scenarios.
B) Financial Advice:
Financial processes and controls: Conceptualizing, formulating and implementing financial processes and controls in conjunction with the client team.
C) Business Advisory Services:
Providing advice on best practices to the client as and when required on matters related to FDI, Taxation, Book keeping, Payroll and other related matters.
Fund Utilization & Working Capital Requirement: Forecasting and evaluating the cash flows and working capital requirement of the client and providing MIS on fund utilization. Advising client and implementing best practices on improving cash flow and working capital management.
Financial MIS & Analysis: Providing and reviewing regular financial performance reports and analysis on the cost and profitability for various product lines and business units to support decision making and providing advice from our expert financial advisors.
Taxation: Co-ordinating and Managing all taxation related activities mainly Service Tax, Sales Tax, TDS, Corporate Tax, Profession Tax on a timely basis; Liasoning with the tax authorities; Advising client on taxation best practices.
Secretarial: Co-ordinating and Handling all compliances w.r.t. secretarial – Company Incorporation; ROC filings; Board Meeting compliances; Liasoning with authorities; etc.
Statutory Reporting: Providing financial reports to Board of Directors for statutory compliances and providing financial statements as per the relevant Indian Accounting Standards.
E) Transaction & Advisory:
M&A: Supporting our clients in executing their M&A strategy by providing guidance on the benefits and risks involved. Providing post M&A support for smooth integration between companies.
Due Diligence: Undertaking due diligence on a target company on behalf of the client OR providing support and intelligence for due diligence being undertaken on client.
Exit Strategy: In cases where the client is contemplating exiting the business or reducing his/her stake, identifying the right exit strategy for the company, supporting it in process and ensuring a quick and smooth exit transaction.
F) Investor Relations
Debt: Manage the relationship with the banks; Provide MIS and prepare presentations as required by them; Advise client on handling of lenders and investors.
Equity: Provide MIS and prepare presentations to the equity investors as required by them.
ADVANTAGES OF OUR CFO SERVICES :
o Data Room Preparation
o Liaison with potential acquirers, collaborators & vendors
o Liaison with foreign partners
o Deal negotiations with vendors and customers
o Routine accounting compliances
o Ensuring timely statutory compliance
o Complex Accounting Reconciliations
BUSINESS PROCESS IMPROVEMENT
o Improvements in existing Business Processes
o Risk Management
o Cost reduction and efficiency improvement
o Product and Customer rationalization
o ERP Tool implementations
BUSINESS DECISION MAKING SUPPORT
o MIS reporting
o Customer and Product Profitability
o Recruitment of a professional Top Management team
o Performance Management systems for employees