Financial Controller VS CFO: Know Which Does Your Business Need To Grow ?
The terms financial controller or CFO, though used interchangeably, have some differences. This is especially true for small companies who are low on budget to hire a financial controller and a CFO. There are many factors that have to be considered while deciding who the business needs; A Controller? A CFO? Or both? Who is […]
Virtual CFO Services- Some Attributes that make it a norm for business
The popularity of virtual CFOs has been on an uphill trend for quite some time. The digital transformation, which got sped up by the onset of the pandemic, has played an undeniable role in this wide acceptance. Over the years, the role of CFO has undergone a positive transition. Besides the traditional responsibilities related to […]
8 Ways Outsourced CFO Services can help your Small Business
As per the reports published on the website of India Brand Equity Foundation in June 2021, the micro small and medium enterprises (MSME) sector in India contributes about 29 percent towards the GDP. The opportunities available to small businesses have increased manifold. As the opportunities increase, so will the challenges they face. This is where […]
Does Your Startup Need a CFO
The Startup is one of the most commonly heard terms in business in recent times. The picture that comes to our mind about a startup is one or two people in a garage ready to change the world with their ideas but on a shoestring budget. This is true in most cases. Any business or […]
How does a CFO Manages and Mitigates Risks
The role of the CFO has evolved into more than financial management over the years. The CFO should be the master of strategies, an expert on risk management, and a business all-rounder. According to Deloitte’s CFO signal report for the second quarter of 2021, 65 percent of the CFOs favored taking on risks. To quote […]
Does My Business need a Virtual CFO
Virtual CFO services have taken up the business scene by storm. There is a growing realization among start-ups or small businesses about the advantages or benefits of hiring a virtual CFO. Having said this, it is also a fact that vCFO services are not the go-to solution for all businesses. The million-dollar question we ponder […]
Bookkeeper vs Accountant vs CPA vs Controller vs CFO
An average person may interchangeably use the different financial job roles like bookkeeper, accountant, financial controller, etc. mostly because of ignorance. The distinction between a bookkeeper, an accountant, a Certified Public Accountant (CPA) or a chartered accountant (CA), a controller and a CFO might not be substantial for the layperson, yet they are as different […]
10 Outsourced CFO Services Startups Should Look For
According to the startup India website, India holds the position for being the 3rd largest startup economy in the world with 2-3 startups being born every day. Though these numbers seem comforting, it is also true that 80 pct of the startups usually fail at their onset due to poor financial management. A CFO can provide […]