WHAT DOES AN INTERIM CFO MEAN?
Every business needs someone that can steer it in the right direction from a strategic viewpoint. It needs a strong and powerful leadership whether it’s the CEO, COO or CFO. In most cases, startups or fairly smaller companies do not have the funds or the need to hire a full-time CFO. Or they simply cannot find the right fit! This is where ONS comes in.
We provide our CFOaaS as an on-going support to tackle finance-related challenges (like KPI/metrics, FP&A, fundraising, growth planning and budgeting) that further help in decision-making. Think of it as a flexible partnership between us and your company. We give you the necessary financial know-how, direction, strategic leadership and decades of relevant experience to leverage as per your requirements and convenience.
As an interim CFO, we no longer work as an outsider and become a part of your family – your business. We take a leadership position and take it as seriously as a founder. Which is why we are very selective of the companies we choose to be a C-level executive at. After all, it is a bilateral relationship!
OUR INTERIM CFO SERVICES
We construct a working model of how your business should perform financially if certain strategies are executed and milestones are reached. This model is based on three scenarios: pessimistic, normal and optimistic.
By designing and producing reports and dashboards, we make apparent the actual financial operation and health of the business as measured against the forecasts and budgets. We identify and track KPIs in order to monitor current performance and take actions accordingly.
For startups, a merger or acquisition represents the exit strategy. Our M&A advisory team works with clients throughout the deal lifecycle and have developed relationships with large corporations that are always looking to invest in profitable startups
What’s best about our interim CFO offering is the multitude and diversity of experience we’ve developed by working with clients from myriad industries and geographies that we can leverage to your business. We see trends, what works, and what doesn’t. This allows us to continuously bring proven practices to your startup and leverage from our extensive experience.
We provide your start-up with a support structure and direction that is needed in the initial stages in order to align the company’s finance to the founders’ overall objectives.
It is our duty and responsibility to establish the right culture and discipline in your business finance-wise and ensure all current and future investment is deployed wisely
We provide accurate, timely, high quality financial analysis and advice to decision-makers and link the strategy of your company to the operating and capital budget.
HOW DOES IT WORK?
CFOaaS REQUEST RECEIVED
The process starts when you fill one of our contact forms or email/call us with your requirements. At this stage, all we ask for is basic details like your name, email address, company name, industry, service (CFOaaS) and a brief description of your requirement along with any attachments you might want to send. This information is used to match you with a suitable member of our team who we believe will be the perfect CFO candidate for your company
INITIAL CONSULTATION
This is a one-to-one call with your prospective interim CFO so you can discuss your requirements, company background, story so far, expectations etc. The call will also help you understand whether this service is a right fit for your requirements
CFO ONBOARDING & CONTRACT
Post initial-consultation, and conditional on your satisfaction and agreement to avail our services, we start the onboarding process which includes signing a contract with your company for a pre-decided minimum tenure. This varies from 3-12 months. The contract will outline the roles and responsibilities that we will perform as interim CFO for the company.
See How We Can Help You
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FAQ
The minimum tenure to avail an interim CFO (or CFOaaS) service is 3 months. There is no limit to the maximum tenure but usually is about 12-18 months.
Our fee structure for this service differs slightly than all other services. We usually charge a monthly retainer for our CFOaaS which is based on the tenure and the hours of work required per month. We also charge hourly rates and in some cases take equity-based compensation for particular projects.
You will sign the contract with our company but will work with a dedicated CFO who will join your team and contribute as a C-level executive should. Of course, everyone else in ONS is more than happy to help when required
CFOaaS in an ongoing service which might be difficult to measure in terms of performance however it is possible to set high-level milestones or targets that you wish to achieve with the help of an expert CFO
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