Affordable CFOs on Rise
Can you imagine a company without a CFO? Not really, but lately, outsourcing the CFO function is trending amongst firms to improve financial discipline. This is empowering entrepreneurs, as Peter Drucker, the father of management said, "Do what you do best, and outsource the rest." Why is there a rise in shared CFO services? Why are startups, SMEs are hiring virtual CFOs? ETCFO explores.
IxCFO Services P. Ltd. is pleased to announce tie up collaboration with National Entrepreneurship Networkhttps://www.vccircle.com/wadhwani-foundation-floats-accelerator-programme/
The National Entrepreneurship Network (NEN), an initiative of Wadhwani Foundation, launched the country’s firstever Global Network for Entrepreneurs (GNE). The GNE would support aspiring entrepreneurs, early and growth stage entrepreneurs, and SMEs with accelerator and scalerator programmes curated mentors, advisors and consultants, trusted service providers and investors. @ IxCFO Based on our rich eco-system around SME with unique impactful engagement on best of financial practices validates our collaboration.
Had an great opportunity to discuss way ahead path after deomonestisation and how year 2017 looks like on the shadow of 2016 steep reduction in valuation/fund raising. Here are some photograph.
VC Circle event on Start-ups summit, " Selective" & " Realistic" valuation is key for funding across sectors with clear defined matrix on topline, bottomline & exit.
However, Fintech will see upside due to gradual formalisation of economy & this trend will continue in rising " Fin-Tech" funding for this year as well.
IxCFO Partnered with VCCircle FinServ 2016 event at Mumbai on 28th July. Number of participants interacted on current trend and how our CFO Services can be useful to them.
Walking up a mountain is never easy. Walking up a mountain with weight on your back is even more difficult. Walking up a mountain with weight on your back and no markers to the summit is scary and nearly impossible.
While walking up mountains, instead of focusing on the scenery, people usually focus on how tired they are. Instead of focusing on the smell of the fresh air, the thoughts of “Why am I doing this?” become the focal point. But after a while, if you keep going, the journey and the climb – not thoughts of reaching the summit – become the focal point. The journey up the mountain is where the learning takes place; it's what makes the summit enjoyable.
IxCFO is Supporting Partner : To address the various aspects and emerging issues related to Ind AS, ASSOCHAM is organizing 2nd National Seminar on “Indian Accounting Standards – Issues and Challenges in Implementation” on 12th February 2016, at Mumbai.
IxCFO in association with Yes Bank and Printer Industry powered "Knowledge Series - 2015" giving valuable insight about relevant of business & finance integration and CFO Services provider significance.IxCFO was knowledge partner for the event with Yes Bank supporting us in this programme.
IxCFO Partnered with VCCircle Agri & Food Investment Summit @ Mumbai, October 2015 & interacted with SME/Entrepreneurship on relevance of CFO Services for growing businesses.
Outsourcing CFO/Financial Controller is a much better way to getting traditional as well strategic role. IxCFO writes column in IxCFO Coverage by www.entrepreneur.com
Coverage on IxCFO ( CFO Services ) by Times of India : CFOs, the unsung heroes
E-commerce companies tend to rely on current revenue run rate or cash burn rates for their projections. The outsourced CFO plays a crucial role in its monitoring. "Loose controls or missing transparency across investors-promoters are larger issues which the CFO has to focus on, especially in growth or hyper-growth cycles," points out Sanjay Gaggar, founder and CEO, ixCFO. For a client in the e-commerce space, which was funded by private equity (PE), ixCFO's team kept tabs on financial parameters and helped control cash burn in a highly dynamic competitive growth stage environment. In addition, they also developed a reporting & compliance matrix to explain business scale viewpoint, a key performance indictor ( KPI's ) to the PE investor. Accounts were also kept in a due diligence-ready mode and the client subsequently raised $100 million from a global VC fund in no time.