CFO OUTSOURCING

Business entities cannot get insights from Accountants alone, it requires an Chief Financial Officer to advise the management on the

• Financial Strategy
• Systems Design
• Budgeting
• managing Cash flows and Working capital.

Organizations for which an in-house CFO is not feasible seek the expert services externally (CFO outsourcing) to perform those services on scalable basis

RECONCILIATIONS

As the complexity or scale of business increase, the need for reconciling between various records will also increase. Reconciliations refers identifying the reasons for mismatch between two sets of figures (Arithmetical reconciliation), Identifying the reasons for variance and recommending for corrective actions. Simple Bank debtors creditors to Control accounts. Reconciliations may need to be performed for Various

• Control accounts
• Debtors and Creditors and
• Banks.

The level of integration (Data communication speed and correctness) among various departments determines the complexity of reconciliations.
Poor data integration may increase challenges not only in Control accounts but also in the basic Bank reconciliations

DATA CLEAN-UP AND REVIEW

Data available may not be usable enough to provide insights to the Users. This was due to complex Structure of data downloaded from Software either through reports or through the data bases. A simple data downloaded in Excel may throws challenges in Summarization, filtrations, exception analysis due to the presence of unwanted or repeated non-numerical characters like Separators, repeating page headers etc.
Cleaning up of data manually may not be feasible or high time consuming. Further it may be possible not to ensure the correctness of downloaded data for Further Analysis.
Data clean up and review services helps the Organizations' Users to get the required data as well as to obtain Useful insights