iMaster CFO consulting services offers high quality financial consultancies and business advisory services to clients on the basis of contracts –jobwise or on timeline. The objective of outsourcing these services for a company is to save costs and this service helps them to achieve that. Thou this process is done offshore, there is no loss of expertise and as such the overall cost to the company is reduced. In this way Contract CFO Services in India provides businesses with an opportunity to avail additional resources, which otherwise would not have been budgeted for.
The outsourcing of Contract CFO Services in India Is a very good means to reduce cost while increasing profits to a business owner. They help you concentrate on core business processes instead of doing the task yourself.
Who is Contract CFO
The chief financial officer or CFO of the company takes full responsibility for the entire functioning of the company. He is the one who ensures a sound monetary management, efficient and flexible working pattern for the benefits of the clients, and also assures them of a good future.
A contract CFO is the officer who is engaged by a company for a particular project or task or timeline. S/He assumes full responsibility for the agreed terms
What does Contract CFO Services include
Contract CFO Services include planning, forecasting, managing the finance, reporting to the Board of Directors, stakeholders as well as the customers etc. The role of CFO is as significant as the managers. They are well aware of the strategies as well as the tools that can be used for running a particular company. The best thing that one can do while hiring the Contract CFO services is to make sure that they are well trained as well as experienced so that they can meet all your requirements regarding the management and financial matters of your company. Contract CFO services services are also not very expensive as compared to others and hence one can hire them for keeping a regular track on the cash flow of their company.
What does Contract CFO Services include?
Outsourced CFO services from India offer a whole range of contract CFO service to suit a wide range of requirements, and this includes all aspects of finance, audit, contract and compliance. The services offered by the contract CFO consultants is aimed at providing the client with complete and timely information that is required for business financial growth and success. These include financial planning, budgeting, forecasting, and decision support systems, which help the organization take right decisions in accordance to their requirements. The services can also help the client achieve better organization and management capabilities, which can then be transferred to the clients in the form of better performance, increased profitability and ultimately better quality of service delivery.
The CFO services in India provide a number of customized options for business organizations. This is the ideal time to go for CFO services on contract basis. CFO consultants have a comprehensive idea about your industry and a deep insight into its practices. They would also have the requisite skill set and knowledge to deal with diverse financial aspects of the business sector. iMaster CFO team in India are operating efficiently and effectively and are looking forward to join your bandwagon and help your achieve success in this highly competitive business world.
Advantages of contract chief financial officer services in India
The advantages of contract chief financial officer services in India is that the company is not required to maintain a full-time in-house financial executive. If the company wishes to outsource its financial services, it can do so and at the same time save a significant amount of cost. It has been reported that outsourcing can save up to 70% of the cost incurred in maintaining a full-time in-house financial executive. The reason for this is that the salaries paid to an in-house financial executive are far above the earnings cap or pay scale of the employees working in the company. Moreover, it is also not feasible for most of the companies in India to afford such high costs. The cost of maintaining a permanent employee is also much higher than he or she would need to be trained in-house.
Moreover, the company does not need to maintain an in-house payroll system. Most of the outsourcing companies providing financial services in India offer a fully featured payroll module to their clients. This enables the company to track all the salary data of its employees and also manages them at the same time. Since the services are offered at an affordable price and company saves a lot of money, it proves to be a better option than maintaining an in-house payroll system.
Furthermore, contract CFO services India offer services which are not provided by an in-house employee. They have access to an extensive database of receivables, accounts receivable, vendor and individual customers, sales agreement, purchase order, inventory, material and labor costs and thousands of other important documents. Most importantly, they are fully aware of the tax regime of the country. The company thus benefits from the various advantages of outsourcing and can thus be assured that the services offered by it conform to all the laws of the land.
Outsourcing Contract CFo services in India makes it easy for the companies as they do not need to maintain the necessary infrastructure and staff force for the same. These services are not only available online but can also be availed through telephone, mail, and even walk in services. Many companies have already started making huge savings through outsourcing. Today, many organizations are searching for a way through which they can save on their costs, manpower, and resources. This also results in them getting better quality products and services as well. Chief financial officer services in India are an important aspect for any organization looking forward to save on its operational costs.
The popularity of Contract CFO Services has grown manifold and there are hundreds of CFO service providers online. But it is important for you to choose the perfect one who are professional, dependable and are great at customer care and communication.
iMaster Contract CFO services are most preferred as they can be reached anytime through the internet and their services are not at all expensive. Most of the companies choose to engage Contract CFO services because they not only save their valuable time but also save their money as well. Outsourced CFO services in India are also preferred by startups, micro, small and medium businesses. The reason being , we are very efficient and can handle various financial works such as budget analysis, forecasting, human resource management as well as financial management in a very efficient manner. Therefore if you want to be in charge of your company’s finances then surely outsourcing iMaster Contract CFO services is the best option for you.
iMaster CFO service consultants are top rated professionals who offers personalized services that are effective and affordable for a business. They ensure on time service delivery with right compliance.