Staava Virtual CFO Services aims to help SMEs & Startups with Number crunching and financial analysis of data coming from accounting system to help them in decision making process. Basic idea to provide financial information to the top management in easy to understand format designed to suit their requirements. Key lies in customization from business and personal point of view. Staava Virtual CFO Services aims to help SMEs & Startups with Number crunching and financial analysis of data coming from accounting system to help them in decision making process.
Growing businesses need highly skilled and professionally qualified CFOs whereas they rarely have the resources to retain them full time because of limited resources. Another problem with highly experienced and professionally qualified talent is that they lack the ability to work with startups & SMEs as they often require a large team to support them. Staava Virtual CFO Services offers an alternative to this problem through its Virtual CFO Services where a CFO level person with understanding of Startups is available to them on need basis. Videoconferencing and technology tools enables our team to efficiently support our partners.
There is acute shortage of CFO level talents in India. Indian Accounts professionals are trained for historical accounting and most of the CFOs are focused on traditional beam counter stuff like, finalization of Balance Sheets and filing of tax returns, which typically is the domain of Finance Controller. Being a CFO requires more. However, very few of accounts professionals grow to become CFO level talent.
Most important person of CFO is helping the management with business decisions and making them aware about finance, legal & tax concerns associated. This causes shortage of CFO level talent and increased costs associated with hiring a CFO because of demand supply gap. Startups or even SMEs find it difficult to hire CFO level talent because of cost associated with it. However, they all have the need for a finance professional who understand business and guide the top management of the company about financial angel of business transactions.