Advantage of being a Virtual CFO / Part time CFO

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After introduction of GST and abolition of 17 different legislatures, the compliance requirements for businesses is eased a bit. Further, the government introduced a lot of IT tools and simplicity for compliances. This has created a oversupply of tax professionals and on the same time reduced the compliance requirements, though there is a temporary high demand, due to GST implementation and compliance. In long run, once the dust settles down, we will see a higher supply for tax professionals.

Indian business society is historically known for low  level of compliance. However, after demonetization and GST introduction, there is a thrust in the government towards the level of compliance from the public. Further, the new generation entrepreneurs believe of being compliant, as this is not only help to have peace of mind, but also feeding their proud. The another advantage of being compliant is to have an opportunity to work with global companies. Eventually, there will be increase in the level of compliance. To be 100% compliant, it is important that the finance department should be headed by a qualified person. 

Besides of being compliant, it is also vital for a business that someone who understands the finance and accounts, should produce the profit and loss, cash flow and other important MIS, review it and put his observation, opinion and recommendation to the MD/ CEO and other stakeholders, which will be very useful for managing and directing the business.

The small businesses face difficulties in paying the full remuneration to have a full time CFO and that is why the concept of part time CFO or virtual CFO is being picking up. 

By acting as CFO of multiple clients at same time, it will be a high remunerative proposition for a qualified accountant, added with professional satisfaction as well as great learning about different businesses in "detail". Eventually, it will increase knowledge, networking, wealth and entrepreneurship  of a professional accountant, who has been historically considered as an book-keeper or a taxguru. 

The objective of incorporating CFO Perspective is to cater the need of the hour and focus on creating awareness and explaining advantage to the businesses to have part time CFO to supervise their F&A function. 

In order to fulfil the clients' requirements, we are also channelising the talented and qualified accountants, and also training them, wherever required, so that they can perform the role of a Virtual CFO

Please submit your resume, using the below link. Our executive will contact you with more information, which includes the selection process, and we will take it further.

There are variety of situations where our clients ask us to recommend some good employees / CFO/ supervisors for the finance department. If you wish to be part of our pool of our screened candidates, it can be advantageous.