A virtual CFO is an outsourced service provider offering high skill assistance in financial requirements of an organization, just like a chief financial officer does for large organizations. A virtual CFO may be a single person or an entity. Flexibility, Diverse Experience Accounting Expertise, Ability to Handle Complexity, Trusted Reporting, Ability to Handle the Good, the Bad, and the Ugly, Get Up to Speed Quickly, Liaison with External Stakeholders and Professional Services.
How Lima can help you
Leading all budgeting, reporting, accounting and financial forecasting activities. Ensuring financial control activities such as capturing individual profit center performance.
Reviewing and producing proposals, feasibility assessments and businesses cases for investments.
Building solid relationships with key financial institutions in order to secure financing.
Ensuring stringent cash flow control and management.
Developing cost awareness and an ethos of financial responsibility.
Lima strength and experience
The Virtual CFO team of Lima includes apart from Chartered Accountants and Cost Accountants, Management professionals and techno carts. The four layer of CFO service developed by Lima team internally is the strength of the business.
The Virtual CFO team leader is long-term experience as Chief Financial Officer in a multi national company in Middle East and Europe.
The experience of the team will develop a system to manage the finance function of the business profitably and uninterrupted.
Our CFO service approach are based on the following:
Developing and mentoring Finance Department personnel.
Developing relevant policies, procedures, strategies and performance measures.
Designing company-wide authority matrices, investment hurdles, assumptions, etc.
Creating operational tools and systems to provide critical financial and operational information to management and the Board.
Making the business and its people fit to do the CFO services without a support of CFO.
Dashboard based reporting and analyzing is the approach to make available the required data to different people.
The availability and proper support of VCFO services at all time for any services is the major strength of the division.
Adopting technology, we make real time monitoring and triggering system for the benefits of business. We focus more on attention span rather than time span. The own technology of reporting and data grasping is the unique features. The services provided considering the strength, weaknesses and regulatory policies, to achieve the vision of the business.
The whistle blowing mechanism is the special feature of Lima virtual CFO services. The VCFO dashboard will provide a warning to the business and its stakeholders.