Virtual CFO Services
A “Complete Business Solution” Service
For Start –ups, Entrepreneurs, CEO’s, Companies &its owners to unlock their full potential for profitable growth, our CFO Services practice works with MSMEs across Industry verticals, in delivering the CFO agenda. We work with companies across ownership patterns including Family Managed businesses, Private Equity, Venture Capital backed companies, early-stage companies, and Indian subsidiaries of Multinationals.
We are happy to assist in problem solving over a host of issues in accounting, finance, liquidity management, banking & funding, compliances, systems & process enhancement & IT enablement.
Our Services
Business Plans & Performance Measurement
- Development of Promoter’s Vision/ Mission Statement
- Development of Promoter’s Vision/ Mission Statement
- Develop, maintain, and improve Governance Standard.
- 3-year Company business plan and 1-year Budget
- Performance Management System for employees
Treasure Banking & Funds Raising
- Liquidity management
- Raising/ Restructuring Bank loans optimizing on cost and collaterals offered
- Monitor costs, WACC (Weighted of average cost of capital)
- Tenure/ Currency Mismatch issue resolution
- Banking Relationship
- Banking Security & Consumer Protection
Monthly/Quarterly MIS & Dashboard Development
- Revenue & Cost tracking
- Variance’s analysis
- Efficiency Tracking (Man, machine, assets & others
- Profit Margin Tracking (GP margin, NP margin, Operating Profit margin)
- Leverage (Debtservice, short- and long-term funding
System Process Enhancement & Automation
- Business Development Process
- HR Process Setting
- Payroll Compliance management
- Working Capital Management including customer KYC, credit risk assessment & onboarding
Risk Control & Compliance
- Compliance Calendar
- Review Internal Control & Ways to improve
- Monitor Operational Risk
- Identify risk matrix for the business
Digitization, Automation & Self-service mode
Digitization, automation and self-service mode: Globally the finance function is getting digitized for each activity and sub-activity to ensure faster turnaround and better security for all transactions. Whether it is P2P, O2C, payroll process, banking activity, counterparty risk assessment, blockchain for all banking transactions, planning and MIS, employee reimbursements etc there are so many tools available to digitize such processes. Currently these tools are being extensively used by large corporates however the SME sector is left far behind as the business owner focused on business development and sales and not enough focus is given to such automation. Renao can be your trusted partner to digitization and automation.
