CFO & Risk Advisory Services

The Value Of A Virtual CFO & Risk Advisory In Businesses

It is common knowledge that a person in authority and of exceptional talent does not come in at a low cost. And especially for unlisted companies or those in the SME sector who may/may not have a working capital dependency, employing a full-time CFO for their vision might become a financial burden.

Even more so, there are situations which are out of our control or agnostic to human intervention. It could be a time of global recession, a pandemic (such as the ongoing COVID-19 pandemic), a slowdown in investment across territories, and so on and so forth. It is in difficult times such as these when the financial health of a company becomes paramount to ensure it sustains the challenges posed to it.

But how does one mitigate a huge cost? Only if there were someone willing to work without citing a nigh-astronomical amount to help businesses in stressful times and bring in astute value addition?

Our virtual CFO services and risk advisory teams have been cultivated from a similar need, where we at Coinmen believe that a company should not have to splurge exorbitantly to ensure its own survival. What it needs is a helping hand and a partner, to ensure that its processes are set up in a way that they streamline operations to achieve the company’s short-term and long-term goals; and, more importantly, let the founders focus on the overall vision for their business.

When it comes to the financial and related business planning, we intend to do the heavy lifting for you, so that your pursuit of achieving your vision remains unaffected by circumstances beyond your reach.

 

Our Approach To Virtual CFO Services And Risk Advisory Services

It’s simple, to be honest.
Our three-pronged approach for virtual CFO services works holistically, by looking at the following parameters:

– Strategic Support
– Process Support
– Operations Support

Each of these functions are looked at from a planning and execution point of view, as per the requirements of the business in the long-term and short-term.

From a technical standpoint, we deploy an engagement leader backed by a team which believes in forming holistic relationships across the business to understand its vision and deliver upon it via setting up of a proper accounts and finance function, defining KPIs, helping with complex matters pertaining to governance/finance and otherwise, and most importantly, ensuring the financial health of the company via strategic and insightful decision making.

As for risk advisory services, we believe in undertaking proper budgeting, forecasting, and strengthening of internal controls across the business to ensure long-term market presence. We believe in setting the right benchmarks for the business and ensuring it follows industry best-practices when it comes to financial decisions.

 

Our Scope Of Work Under Virtual CFO And Risk Advisory Services

Some of the key functions of our Virtual CFO Services include:

  • Financial advisory
  • Improvement of governance standards and strategic decision-making processes
  • Developing a financial road map
  • MIS dashboard integration
  • Treasury management and risk management
  • Diligence support
  • Liaison with investors and collaborators
  • Financial restructuring (including debt/loan restructuring)

Some of the key functions of our Risk Advisory Services include

  • Budgeting and forecasting
  • Preparation of board MIS and management analysis
  • Improving internal controls
  • KPIs for the finance function
  • Advisory on tax matters
  • IFRS/IndAS implementation
  • Merger support

Reporting Partners

Nitish Mittal

Nitish Mittal
Partner – Audit & Assurance Services
Experience: 20 years
Specializes in Audit, Accounting & Assurance
Former Sr. Manager, EY India (Assurance)

nitish.mittal@coinmen.in
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Reena Mittal
Partner – Audit & Assurance Services
Experience: 20+ years
Specializes in Audit and Assurance
Former Sr. Manager, EY India (Assurance)

reena.mittal@coinmen.in
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Our Services

For more information on how we can help create value for your organisation


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Need Help?

+911140160151
info@coinmen.in