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MSMEs/SMEs often see their financial situations become more complex as they grow. Many of these companies lack the in-house financial expertise to take strategic, long-term and day-to-day decisions. Such companies need financial assistance but can neither afford nor require a full-time CFO. NUMMUS' CFO on Demand services are meant to bridge this gap on a cost effective and flexible engagement model.
NUMMUS' CFO on Demand service assures the Company of a continuously sound FINANCIAL ACCOUNTING STRUCTURE. It assists with
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Book-Keeping
Managing Accounting and Financial Operations
Cash Flow Management
Pricing and Cost Reduction Strategies
Taxation
MIS
Business Planning
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Fund-Raising
Risk-Management Readiness Checks
Regulatory Compliances
Establishing Internal Systems and Controls
Directing Departments and Staffs
Streamlining Operations and Improving Efficiencies
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Accounting Systems Setup
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Scope of work of Accounts Team
Methodology + SOPs of Book Keeping
Day-to-Day Fund Planning
Budgeting, Forecasting, Costing
Reporting Structure
Internal Controls
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Policy & Procedures Setup
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Creating Financial Policies and manuals
Streamlining Financial Discipline
Controlled procurement Function
Customized management audit & review
Finance for Non Finance Trainings
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Business Process Setup
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Methodology + SOPs of all Operational Departments
Nature of Business Activity
Organization Chart
Manpower Planning
Job Profile of Key Management personnel
Reporting Structure of Managers
Guideline on Technological Support
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Strategic Partnership Activities
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Partnering in developing Business Strategy for Viable and Profitable Business Growth
Business Transformation from home grown to professional structure / culture
Decision Support: Cost Benefit and "What If" analysis
Pricing / Costing strategies
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Business Planning & Modeling
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Long / Short Term Business Plans in order to access viability
Creating Models for Costing, Pricing, Productivity or Business Performance Measurement
Cost studies to identify reduction & leakages, recommendation and implementation of optimization plan
Management Information System (MIS) for meaningful & proactive decision making, control & support
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Raising or Managing Capital
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Review and preparation of your organization for funding
Optimal structuring of equity or debt
Creating and Analyzing Project Document for funding
Working Capital Optimization and optimization of Cash management
Organizing funding from Banks/Financial Institutions
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Risk Management & Compliance
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Business risk identification
Assessment of the extent of Risk
Mitigation of Business Risk
Insurance
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Accounting activities and Book keeping
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System Implementation and Upgradation
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Optimal use of Tally ERP
Customized ERP Solutions
SAP Implementation
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The Financial Edge – Workshop on Financial Discipline
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'The Financial Edge', a Workshop on FINANCIAL DISCIPLINE, provides understanding and necessity of imposing Financial Discipline to Entrepreneurs and top level management from a home grown / semi-corporate organization to transform into Corporate structure.
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Internal & System Audits
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Basic Business Startup Activities
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Creation of entity or Company
Organizing requisite regulatory approvals
Establishing Banking system & relationships
Managing or Initial babysitting your accounting, book keeping, reporting & regulatory compliance
Business Planning including Budgeting, Forecasting and Reporting