Financial Advice based on current Fund Utilization & Working Capital Requirement
Boston, MA; Chicago, IL; Philadelphia, PA; San Francisco, CA; New York, NY (PRWEB) August 17, 2015
Multinational companies have been outsourcing their key accounting processes to industry experts to give them diligent guidance in the key performing areas of their business. Due to financial constraints many small and mid-size companies prefer doing in-house accounting leaving them devoid of sound financial advice. In the absence of chief financial officer expenditure calculations and zero guidance on budgeting decisions, SME’s face the threat of a shutdown. The economy has seen some rough patches that have affected multiple aspects of businesses. The minimum wage rate has been growing steadily whereas there is a diminishing trend of per capita income, which finally taxes small business owners.
The CEO of the organization then has to look through financial aspects, address the expenses, and prioritize crucial moves all with a singular mindset. This exhausts the drive and eats up precious time and energy of a person who is supposed to move the company through to its vision.
Scenarios like the ones above gave rise to the concept of a virtual CFO. A virtual CFO takes into account the integrated financial operations. An expert’s insight gives the decision makers financial information based on companies’ current funds utilization. The interim and annual budgets closely monitored by the virtual CFO.
Recently cloud technologies, SaaS and Internet of Things have made it possible for companies to give access to their data remotely making it easy to take advantage of IBN’s virtual CFO services.
IBN Technologies Limited has been on the forefront of providing these services to small as well as for medium-sized business since the last decade. It has successfully assisted various businesses in completing crucial aspects of finance like budget allocation for the fiscal year, intensive analysis and budgeting of cash flows, bank reconciliation, credit card processing, future investment predictions and possibilities.
Download Brochure: http://www.ibntech.com/Virtual-CFO-Services.html
The duties of a CFO are ordained mostly on a set frequency, as per a company’s policies. It could be monthly, quarterly, half-yearly or annually. Hence, hiring and maintaining an in-house CFO full-time is not cost effective. IBN Technologies Limited provides certified virtual CFO services to organizations integrated with their workflows at one-third of the cost.
The virtual CFO service firstly helps the company save their cost on resources, infrastructure, and technology. Secondly, it saves them time from running in a business and allows them to focus on harvesting opportunities to grow. IBN Technologies Limited has witnessed tremendous productivity and growth in their clients when they availed the services of virtual CFO and focusing their efforts on surging ahead in their core competent areas.
As per current scenario’s a Virtual CFO is appointed only for Transaction & Advisory which consists of IPO Support, M&A, Due Diligence and Exit Strategy. However, a virtual CFO Service also curtails the functions Tax Compliance and strategic planning for Investor Relations. The Corporate Planning & Structure which requires interim Budgeting & Forecasting becomes a guiding light for the long term business continuity plan to cover concurrent costs.
Along with the saving factors, another aspect that is of essential importance is expertise and excellence. IBN Technologies Limited has certified people working with it such as CPA, C FA, CA, ICWA etc. They are experienced and well-versed in the use of multiple global accounting software such as SAGE, XERO, Peachtree, Quick books accounting software and many others. Being well acquainted with industry practices as well experience with a large clientele over the years enables IBN Technologies Limited to ensure reduced employee risk by integrating staff redundancy in their outsourcing processes.
With appropriate assistance from a virtual CFO, the CEO of a company can take well-informed decisions pertaining to long-term investments. These ultimately bear good fruit for the financial health of a company in the long run. Given the current scenario of fluctuating GDP's, many millennial enterprises, and young firms opt to outsource their account handling to expert service providers which, definitely, is the right way to move ahead and focus on customers and deliverables.
Book Keeping Services: IBN's Bookkeeping Services aids you maintain a consistent accounting system by providing efficient and timely service to effortlessly run your business. Working from source documents and information, such as Invoices, Check Stubs/ Register, Deposit Slips, Bank statements, Credit Card Statement and other necessary supporting documents, IBN team maintain records, which form the components of formal books of accounts payable and accounts receivable of the businesses.
Download Packages: http://www.ibntech.com/book-keeping.html
IBN Technologies Limited
IBN Technologies Limited is an outsourcing service provider with a customer base covering the USA, UK, Middle East and India. IBN has a State of the Art Global Delivery Centre in Pune, India. IBN processes are ISO 9001:2008 quality certified. In 15 years of operations, IBN has evolved as leading IT & BPO outsourcing service provider in BFSI, Travel, Retail Chains & Online Business.
Mr. Ajay Mehta
Founder & CEO
IBN Technologies (US) LLC
108 West 13th Street,
Wilmington, Delaware 19801
Connect with Us on LinkedIn: https://www.linkedin.com/company/ibn-technologies-limited?trk=top_nav_home