FC & CFO Services at Advith Consulting LLP brings together specialists at different functional layers enabling finance operations in your organisation to function in an efficient manner. Depending upon the requirement of the business, our areas of focus range from streamling routine finance operations to ensuring compliances including taxation and corporate law and even to strategic, business finance & assurance, to provide a holistic approach to financial management.
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FC & CFO Services
About FC & CFO Services
FC & CFO Services
About FC & CFO Services
The significance and role of a finance function in an organisation depends on multiple factors including the vision of the management, nature of business, scale of operations & status of funding among others. At Advith Consulting, we offer FC & CFO Services upon careful evaluation of the requirement of your business. Our role as FC's and CFO's will be to act as enablers in moving from data entry and reporting merely as a compliance to a mechanism wherein we bring together insightful data analysis and financial expertise to offer actionable insights to the leadership team
About FC & CFO Services
Pyramid of Finance Function
A typical finance function in an organization is structured in the manner of a pyramid with the executors at the base and strategic decision making at the pinnacle. Each layer has incremental responsibilities which are all aligned to the organization’s vision. The pyramid of finance operations is a testament to structured efficiency. Each layer signifies a distinct function, essential to the integrity of the whole.
How we do it?
Elements in CFO Services
Here are some key activities we focus on in our CFO services.
Step 1 - Discovery
Understand the business of the entity & identify the requirements of the entity with respect to the finance function
Step 2 - Analysis of Historical Data
Analyze past financial data to uncover trends and obtain insights
Step 3 - Set Up
Establishing the Modus Operandi of the finance function
Step 4 - Execution
Implement financial strategies and manage day-to-day operations
Step 5 - Review & Reporting
Reporting to the Management, Board of Directors, Investors as the case may be
Step 6 - Continuous Evaluation
Continuous evaluation to make the process & reporting better
01
Step 1 - Discovery
Understand the business of the entity & identify the requirements of the entity with respect to the finance function
Step 2 - Analysis of Historical Data
Analyze past financial data to uncover trends and obtain insights
02
03
Step 3 - Set Up
Establishing the Modus Operandi of the finance function
Step 4 - Execution
Implement financial strategies and manage day-to-day operations
04
05
Step 5 - Review & Reporting
Reporting to the Management, Board of Directors, Investors as the case may be
Step 6 - Continuous Evaluation
Continuous evaluation to make the process & reporting better
06
How we do it?
Elements in CFO Services
1. Recurring Activities
Review of books of accounts, on call advisory, co-ordination with Bankers, Employees, Vendors on finance related matters
2. Monthly Activities
Monthly book closures, payroll processing, compliance management, tracking of budget vs actuals, cash & fund flow management
3. Quarterly Activities
Presentation to the Board, Investment Evaluation, Evaluation of Processes
4. Annual Activities
Audit Assistance, Budgeting, Reporting to Investors
5. Need Based
As per requirement of the Management
