CFO’s Function
A business owner personally controls finances and is tired of information amount? Do you want to appoint a person responsible for financial block and not go back to it yourself? Does company have a specialist who can deal with strategic and current business planning? Does a business owner negotiate with banks on his own? Is there no one in a company to control accounting and tax calculation correctness, draw up business plans, budgets, calculate investment projects?
While business is not very large, you have an opportunity to manage finances and control company work independently. At this stage, accountant service is enough for you to prepare reports and calculate taxes. However, if your turnover grows, there are more financial transactions, and one wrong decision you make can lead to big losses, it becomes obvious that you need a Chef Financial Officer (CFO) or Financial Director as an assistant.
Chief Financial Officer will take responsibility for your business finances, organize its operational work, represent a company in external organizations, government departments, and will also be a unique information center for management decisions. It will relieve you of an operational burden and help you focus on strategic issues.
CFO’s functions are:
- Business Strategy working-out. Strategic Management Policy development
- Business launch for IPO, SPO or listing of shares on stock exchange
- Business Plans development, presentation to owners and external organizations
- Investment Projects working-out. Investment Policy development
- Budgets working-out. Budget Policy development
- Management Accounting working-out. Management Accounting Policy development
- Control of Accounting and Tax optimization. Accounting Policy and workflow schedule development
- Transformation of financial statements from national standards to IFRS standards, other standards
- Automation of planning and accounting system
- KPI’s system development
- Control of Foreign Trade
- Intellectual property control, intangible assets management
- Accounts Receivable management. Credit Policy development
- Accounts Payable management, contract negotiation, guarantees
- Cash Flow management, Treasury management
- Foreign Exchange operations, buying/selling of currency, currency risks hedging
- Business Financing: bank loans, investment funds, government support programs, bank guarantees, factoring, letters of credit, bills of exchange
- Assets’ Insurance
- Conducting Due Diligence
- Control of Foreign Companies
- Risk Management Policy development
- Dividend Policy development
- Financial Department organization, employee training, methodological support
SMV Consulting specialists offer a service for performing Chief Financial Officer’s function of your business. They are highly qualified in financial management due to their deep knowledge and powerful professional experience in a practical field such as various businesses. With us you will be distracted from routine and fires, you will feel confident and calm, you will be able to devote more time to business development. We will also become indispensable assistants and companions for you through complex labyrinths of your strategic vision
You can submit a request for a quotation here
The cost of SMV Consulting specialist work to perform Chief Financial Officer’s function is in range of 10-15 euros / hour, depending on business size and specifics
We are waiting for you!