Vittakosh is an outcome of a notion – a belief that we can and ethical practices.
Business needs people. With the ever-changing technological landscape, it needs talent and specific skill sets for specific functions in business. The day-to-day chores of a business cannot be checked by the same person. The concept of maker and checker is crucial to the functioning and auditing of the business.
In such a scenario, the positioning at various levels of business requires personnel who can guide businesses in achieving their objectives. Whether the company prepares for its rapid growth or for winding up, both these circumstances require complete focus on the company’s executives and management team. Whether you are a CEO, managing director, independent director or CFO, you have to work and coordinate in such a way that helps the organization in fighting financial, technical, and technological warfare in changing times.
You might believe that your business is way too small for positions such as CFO or that your business has to reach a potential degree of profitability to have a CFO, but the hiring of services of virtual CFO even if they work for you for a few hours is a boon in its own. The role of a CFO shines in the optimization of the financial performance of the company. This means they help the business in reporting financial statements, maintaining adequate liquidity and increase in return on investment to name a few. Virtual CFO provides a financial perspective to the company, they know what drives the business in the financial market and help in adding value to your product or services.
Here are a few pointers that explain why experience and leadership skills contribute to the CFO in weathering the financial storm:
Financial data analysis indicates the consumer behavior pattern thus providing timely and accurate insights. With CFO guidance, the gathered data can be comprehended by data-driven indicators that would help the business in achieving growth and competing with rivals.
Funding is required by companies that operate in small size, mid-size or big size firms. Whether you require it for starting the business or for operating a project, the CFO can help the company in raising finance. Through their guidance, one can capitalize on the investments that most influence your business.
CFOs are visionary. From laying the foundation to assisting in the implementation and scalability of various opportunities that knock on the business doors, CFO helps in mobilizing the action plan which assists you in achieving the desired objectives of the company.
A fundamental hurdle for any business is the financial runway i.e., endowing cash flows for future projects without hampering the present cash flows. It often happens that due to heavy expenditures or no income original, capital depletes to make the ends meet. This is where CFO’s critical thinking comes into play. They ensure that money doesn’t spiral out while icing out opportunities that come their way.
If you’re still in this conundrum of whether or not your business requires a CFO, the following summary will answer a lot of your questions.
If you think the budgeting may appear as a barrier, the correct CFO will show its value within a few days, they may even adjust according to the business needs over time if the objectives of the company reflect in consonance with CFO’s. At the same time, choosing the wrong one may be disastrous!
The breakthrough to this occasion would be the hiring of virtual CFOs, where the services can be first attested and a firm decision can be made regarding converting it into permanent hire. They can also assist in laying the bedrock for seeing the business in a new light!
If your business looks to hire the services of a CFO, look no further. With Vittakosh, hiring such a tailored CFO can be your stepping stone to experiencing the pivotal change that you didn’t know your business needed. What’s more? We would offer our expertise in guiding you throughout the whole process to make the daunting experience of hiring to dreamy one!
Vittakosh is an outcome of a notion – a belief that we can and ethical practices.