IBN Technologies Limited Launches Virtual CFO Services for SMEs

Category: Business

Multinational companies have been outsourcing their key accounting processes to industry experts to give them diligent guidance in the key performing areas of their business. Due to financial constraints many small and mid-size companies prefer doing in-house accounting leaving them devoid of sound financial advice. In the absence of chief financial officer expenditure calculations and zero guidance on budgeting decisions, SME’s face the threat of a shutdown. The economy has seen some rough patches that have affected multiple aspects of businesses. The minimum wage rate has been growing steadily whereas there is a diminishing trend of per capita income, which finally taxes small business owners. The CEO of the organization then has to look through financial aspects, address the expenses, and prioritize crucial moves all with a singular mindset. This exhausts the drive and eats up precious time and energy of a person who is supposed to move the company through to its vision. Scenarios like the ones above gave rise to the concept of a virtual CFO. A virtual CFO takes into account the integrated financial operations. An expert’s insight gives the decision makers financial information based on companies’ current funds utilization. The interim and annual budgets closely monitored by the virtual CFO. Recently cloud technologies, SaaS and Internet of Things have made it possible for companies to give access to their data remotely making it easy to take advantage of IBN’s virtual CFO services. IBN Technologies Limited has been on the forefront of providing these services to small as well as for medium-sized business since the last decade. It has successfully assisted various businesses in completing crucial aspects of finance like budget allocation for the fiscal year, intensive analysis and budgeting of cash flows, bank reconciliation, credit card processing, future investment predictions and possibilities. Download Brochure: http://www.ibntech.com/Virtual-CFO-Services.html