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| Date post: | 12-Apr-2017 |
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Concept - CFO
The Chief Financial Officer (CFO) is an officer responsible for the entire finance,
accounting & compliance (F&A) functions of an organization. He is a partner to the Entrepreneur/CEO, who provides critical financial inputs for decision making.
As all organisations including SMEs face numerous business complexities and challenges they can benefit if the F&A function is managed by an expert as the CFO on a contractual basis.
SMEs due to their size and scale are unable to justify the need for or cost of a full-time CFO, nor are they able to attract and retain the right talent.
A practical solution is to outsource the role and responsibilities of a CFO to an organisation with the right capabilities
The Entrepreneur/ CEO is free to concentrate on business growth and critical issues.
Organisation pay only for the time or service used and get a CFO’s expertise at a fraction of the cost.
Aurel’s Edge
Aurel has a team of experienced CAs, MBAs and industry experts with collective experience of over 100 years.
The Team has lead the F&A function in large Indian Cos. & MNCs.
The Team has in depth knowledge and expertise to lead the entire F&A function of an organisation.
It also has the relevant skills in house at all levels to support the functioning of the CFO.
Aurel uses its expertise to support progressive businesses with its offering of Consulting CFO Services
Cost effective due to cost sharing by multiple Clients
Flexible scope determined based on Clients requirement
No incidental HR costs, hiring costs, severance costs etc.
Continuous long term association provides stability to the finance function
Defined template and methodology for quick results
Benefit Client - Road to Growth
Strategic perspective to growth
Sustainable business models
Profit Oriented Approach
Imbibes Culture of Cost Control
Balanced Risk-Return Equation
Sound Corporate Governance
Ethical Business Practices
Benefit Client - Value Add to Business
Develop and build a comprehensive blueprint for growth
Financial analysis and modeling providing a sound basis for decision making
Develops financial discipline and culture of cost control within organization
Develops system driven management and control processes
Ensures timely statutory and financial compliances
Regular MIS & dashboard resulting in better and timely business review
Proactive decision making due to better and timely review of business
Ensure solid corporate governance & adoption of ethical business practices
Imbibe a culture of profit maximization without compromising ethics
Management time is freed from finance function so they can focus on strategic and critical business issues
CFO Services – Scope
CFO
Services
Treasury & Cash Flow
Management
Corporate Governance &
Risk Management
Compliances &
Assurances
Accounting and Costing
Systems
MIS and Reporting
Business Planning & Budgeting
Scope Explained…..1
Business Planning& Budgeting
• Design and implement Business Planning framework; Assist in preparation of the business plans, & budgets
MIS & Reporting
• Design & Implement MIS, frequency, formats, Ensure preparation, analysis, reporting & review
Accounting &Costing Systems
• Design Chart of Accounts; Project Accounting; Cost-Centre Accounting; Costing Systems & Budgetary Controls
Scope Explained…..2
Treasury & Cashflow
Management
• Ensure proper utilization of funds; Cashflow planning & management ; Minimize interest on borrowings & maximize returns on investments; Hedge currency risks
Risk Management
• Identifying risks and advising on risk mitigation ; Contract review; Insurance; financial modeling for decision making
Compliance & Assurance
• Tax & Statutory compliance; Lender compliance; internal controls
Engagement Model - Retainership
Aurel services are offered on a monthly retainership
The scope of services are designed taking into consideration the Client business complexities, its needs and concerns
The actual scope of services defined for an assignment may not include all of the services mentioned preceding slides.
The retainership fee is based on the scope defined for the assignment
A member from Team Aurel is designated as a CFO for a Client
The CFO from Team Aurel is not a consultant but an integral part of the Client Organization responsible for the Finance Function
Routine accounting and reporting is the responsibility of Clients Account Department. Team Aurel will supplement the efforts where necessary to streamline the accounting and reporting initially for a separate fee.
Engagement Model - Assignment
Aurel can also offer its services on a assignment basis
In an assignment model, the Client may request Aurel to undertake a specific service for a specific period of time or for a specific defined objective
The assignment is carried out for a fixed fee as agreed
An indicative list of such assignments can be:
ERP Implementation
Review and strengthening of Internal Control
Design and Implement an MIS framework
Tax Structuring
Business Planning
ESOP structuring
Due Diligence
Action Plan
Initial meeting with the Client
Understanding the need for CFO services
Understanding Business Model along with financial practices
Understanding Organization vision along with short term & long term
goals
Finalization of depth of services to be offered
Finalize and execute an Engagement Letter with the Client
Start the Engagement
Contact Details:
Amit Gholkar [email protected] 9822190663
Anurag Shah [email protected] 9850996104
Shambhawi Tiwari [email protected] 9130093339
Disclaimer: This document is to explain the concept and nature of CFO Services offered by
Aurel. It is not to be construed as a commitment for any services to be rendered by Aurel.
Should the Client decide to retain the services of Aurel, the scope of services will be
contained in the Engagement Letter to be executed between the Client and Aurel.
Visit us @ www.aurelconsulting.com
