CFO SOURCEOUTSOURCED CFO & FINANCE FUNCTION
AITEO ¦ Confidence In Our Promise ¦ AITEO
PRESENTATIONAGENDA
Who We Are
Our Service
Follow Up
Our Proposal
CFO advisory services to startup and growth businesses in Tech & FinTech
WHOWE ARE
AITEO CONSULTING
WHO WE AREWe work with start-ups and growth businesses in Tech & FinTech
Aiteo Consulting is led by Jonathan Smith, a qualified
chartered management accountant who has spent over
20 years working in FINANCIAL SERVICES having
supported TECHNOLOGY strategy and delivery at large
retail banks and clearing houses.
By focusing on lean accounting techniques, intelligent use of financial data
and a lifetime of experience in technology and financial services, Aiteo
Consulting provides a premium service to business, partnering with you to
get the most out of your financial data.
At Our Shared Offices in Kent
Aiteo is ancient Greek meaning to ask or to demand what is due. You
should fully expect to receive what you have asked for, having confidence
that we will deliver on our promise.
5AITEO CONSULTING CFO & FINANCE FUNCTION
CUSTOMER TESTIMONIALSJust a selection of quotes from satisfied customers
… Aiteo Consulting did a fantastic job
[during our fundraising round] and we
were super pleased with the work and
cost!
DAVID MURRAY-HUNDLEY
Early stage to Scale Investor,
NED, Advisor
… Jonathan can always be relied upon
to produce high quality work within
demanding timescales and will always
go the extra mile and do whatever it
takes to get the job done to a high
standard…
JEFFREY HUGHES
Group CFO, LCH.Clearnet
… the knowledge and advice on sources
and methods of fundraising were
invaluable in guiding us through a
successful fundraising round…
ANDREW GARTH
Chairman, Retouch3D
CFO services to startup and growth businesses in Tech & FinTech
OUR SERVICE
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OUR SERVICEOur ‘virtual CFO’ service can be tailored to meet your accounting, finance and advisory requirements
ADVISORY
Access to funding, scaling up and
strategic delivery
FINANCE
Identify business improvements
based on real-time insights
We focus on the numbers so that
you can focus on your business
ACCOUNTING
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ACCOUNTING SERVICEWe focus on the numbers so that you can focus on your business
Your financial information, in real time,
available anywhere, delivered by secure,
world-class cloud accounting platforms
CLOUD ACCOUNTING LEAN PROCESS COMPLIANCE
Paper-free accounts payable and expenses,
automated from purchase to payment
approval
Statutory accounts, VAT filings, corporation
tax. HMRC compliant record keeping in the
cloud
AITEO CONSULTING CFO & FINANCE FUNCTION 9
FINANCE SERVICEIdentify business improvements based on real-time insights
Professional accounting and finance support
available when you need it
FINANCE PARTNER INSIGHT CASHFLOW
No more spreadsheets. Key indicators and
alerts tailored to your business through live
dashboard reporting
Be the master of your debtors and gain
access to rapid short-term financing
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ADVISORY SERVICEAccess to funding, scaling up and strategic delivery
A scalable finance service that can grow with
your business
SCALE GROWTH RESILIENCE
Support for your growth plans, fund raising
rounds and development of robust and
defensible business plans
Develop internal finance process and
infrastructure which is fit for purpose
CFO advisory services to startup and growth businesses in Tech & FinTech
OUR PROPOSAL
12AITEO CONSULTING CFO & FINANCE FUNCTION
ENTERPRISE CFOOur full ‘virtual CFO’ service and finance function
Enterprise CFO provides your business with a fully qualified CFO, along with a fully-outsourced finance
function, to allow you to focus on your business transition from start-up to sustainable business. We
provide a relationship-based platform for growth.
SERVICE INCLUDES:
Fully outsourced cloud
accounting and book-
keeping; corporation tax
returns and statutory
accounts.
ACCOUNTING
CoSec services, with
flexibility to bolt on business
and financial planning,
fundraising and other expert
support services.
ADVISORY
Accounting dashboard
gives current performance
at your fingertips.
Quarterly management
accounts.
FINANCE
Reviewing your accounting and performance
dashboard couldn’t be easier
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KEY SERVICE AREASOur proposal includes the following service areas
Optional service to address any outstanding points from
previous financial year(s) and complete filings
PRIOR YEAR CLOSEDOWN
Client onboarding and set-up of finance function arrangementsfor current financial year
CURRENT YEAR ONBOARDING
Ongoing delivery of fully outsourced finance function
CURRENT YEAR ACCOUNTING
Quarterly management accounts and insights, plus optional
additional CFO services as required
CURRENT YEAR FINANCE & ADVISORY
Core and enhanced company secretarial services
COMPANY SECRETARIAL5
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3
4
2
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PRIOR YEAR CLOSEDOWNOptional completion of outstanding prior year compliance requirements including statutory accounts and tax
31
42
Preparation of corporation tax return
for director approval and filing
CORPORATION TAXCarry out analytical review of prior year accounts
including turnover, operating costs, capital
restructuring, balance sheet reconciliations
REVIEW
Closing accounting adjustments as required
Preparation of prior year (FY) statutory accounts to required
minimum format (micro-entity)
Review, sign-off by director and filing
STATUTORY ACCOUNTS
1
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CURRENT YEAR ONBOARDINGClient onboarding and set-up of finance function arrangements
31
42
Set up and agree SLAs for key
processes and agree referral and
escalation procedures
PROCESS
Analytical review of current year
accounts to date
Accounting implications and
adjustments as required
Review shareholder agreements and
special conditions / arrangements
REVIEW
Set up client bank account if required
for managing payments
Agree authority levels and
accountability
PAYMENTS
Set up or switch Ledger & Book-
keeping platforms to Aiteo and
implement workflows as required
Set up access to company email &
comms channels within practice
PLATFORM
2
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CURRENT YEAR ACCOUNTINGOngoing delivery of fully outsourced finance function
31 5
42
Carry out monthly bank reconciliations
Arrange for payments via Aiteo
practice client account
BANK CONTROL
Oversee booking, approval and
payment of invoices:
Contract staff; payroll; office;
marketing; other expenses
ACCOUNTS PAYABLE
Oversee debtor listings and follow up
for payment where relevant
ACCOUNTS RECEIVABLE
Preparation of current year’s statutory
accounts to required minimum format
(micro-entity)
Review, sign-off by director and filing
Preparation of corporation tax return,
for director approval; filing
COMPLIANCE
Prepare accounting for quarterly VAT
filings (VAT scheme to be confirmed by
client)
VAT FILINGS
3
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CURRENT YEAR FINANCE & ADVISORYQuarterly management accounts and insights, plus optional additional CFO services as required
31 5
42
Additional analysis & ad-hoc queries
Special reporting for investors and/or
stakeholders
AD-HOC REPORTING
Preparation of regular management
accounts, to include
One page commentary; KPI page;
cashflow ; income statement ; financial
position statement
MANAGEMENT ACCOUNTS
Budgeting & variance reporting
Cost & project tracking, including
timesheet tracking & review where
required
INSIGHT
Preparation of financial plans, models
and scenarios
Development of pitch decks
Angel / VC meetings support
PLANNING & FUNDRAISING
4
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COMPANY SECRETARIALCore and enhanced company secretarial services
31 4
42
Prepare agenda and minutes for
company statutory meetings as
required
AGENDA
Maintain the company's statutory
registers on our platform
Routine filing of changes to company
officer details
MAINTENANCE
Compile, review and file company
confirmation statements at Companies
House
ANNUAL REPORTING
Prepare paperwork needed to issue
and allot new shares in the company or
deal with share transfers
Advice on or changes to the company's
memorandum and/or articles of
association;
Changes to the company's share capital
ENHANCED SERVICES
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FOLLOW UP
Downs Suite, Barham Court, Teston, Kent, ME18 5BZ, UK
+44 (0) 20 7846 0151
Contact us:
facebook.com/aiteoconsulting
@AiteoConsulting
www.aiteoconsulting.co.uk
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