Business Support Services
Financial Planning and Analysis
CFOCORP has team of FP&A analysts, who provide financial analysis and information to senior management who has to take major operational, financial, and strategic decisions.
FP&A professionals get involved in preparation of annual operating plan (AOP) and annual budgeting process to forecast achievable goals and it also lays road map how to achieve the organisational goal. FP&A team analyse business trends and past results to get the indicators of high growth and are of improvements.
Once plan and budget is prepared it is utmost necessary to monitor the progress and compare the plans with actual to analyse the variance on regular interval. Analyses of variance sometime require updating plans based on business needs.
Indian GAAP/IFRS Reporting
CFOCORP has a team of professionals who have significant hands-on experience in providing Ind-AS/IFRS services; Services include variety of solutions and support services on following aspects:
- Convergence to Ind-AS or adherence to updated standard
- Financial Reporting
- Consolidation of accounts
CFOCORP Team has vast subject knowledge and experience to understand complexities of business and financial structures. Our endeavour is to map all those complexities and provide reports to deal with adjustments as required as per latest guidance note and accounting standards (AS).
Cost Reduction and Efficiency Improvement
CFOCORP team work with your team for cost reduction on following principals:
- Cost reduction program should be client specific.
- Its continuous process and always there is scope of saving in every area of cost.
- Cost reduction should be permanent and not arbitrary.
- Think innovatively to reduce the cost.
- Removal of redundancy.
During the course of this process we evaluate various controls and try to fix leakages, we do cost benefit analysis of every significant cost item.
Accounting Health Check
The objective of this assessment is to check key accounting & reporting areas and give recommendations to strengthen Finance & Accounting Functions. CFOCORP team uses well designed diagnostic tools and comprehensive checklists for health check. Health check up assignment is finalised only after discussion with senior management, auditors and finance team. It helps management in identifying, reducing and preventing errors and irregularities and also allows management to improve controls.
Internal Control
Internal control is defined as a process, effected by the management personnel, designed to provide reasonable assurance regarding the achievement of objectives.
The objectives of right controls are assuring the management about effectiveness of following objective:
- Compliance with applicable laws and regulations
- Safeguard business assets and prevent loss of assets
- Identify, reduce and prevent errors and irregularities
- Reliable financial and management reporting
- Achieve business objectives
MIS Dashboard Development
A digital dashboard, are graphical interface using real-time data, its comprehensive and easy to read. It allows management to get a glimpse of operation of organization on one single page to take informed decision. Dashboard provides hawk eye view of the business and data can be drilled down into low level data.
CFOCORP team help in development of effective MIS for the management which helps them to get real time information on finger tips. In case if, Accounting and Bookkeeping is being maintained by the CFOCORP team then you get an access to web based MIS system.
Vendor/Distributor Due Diligence
Growth of business is dependent on the selection of right channel partners or Distributor or Dealer. Credit policies of the organization can be effectively implemented if chanell partners are selected after comprehensive financial and reputational assessment of channel partner is conducted. CFOCORP team is well equipped and can laid down policies for appointment of channel partners and thoroughly conduct due diligence either discretely or non-descretely.
Contact US
We would love to learn more about your business. Feel free to reach out to us below, or simply complete the inquiry form to the right.