Benefits of Demat of Private Company Shares Dematerialization (also known as Demat) is the conversion of shares held in physical form to electronic form for the same number of holdings. It enables the shareholder to get its physical certificates converted into electronic balances. Below are the benefits of demat of private company shares. 1. Safety and Security – Elimination of Loss or Theft of Shares The most important advantage of a Demat of physical shares is the safety and security that it offers.
Benefits of Outsourced Accounting and Bookkeeping Services Many small businesses, start-ups, and entrepreneurs find it challenging to hire an accountant. Especially with the right skills to prepare outgoing invoices, manage bank account operations, prepare company’s financial statements, review & analyze financial data. It is even more challenging to find a qualified and competent person at an affordable rate. More than 1/3rd of small businesses are outsourcing their accounting. Most small companies that outsourced accounting were not efficiently doing the accounting on their
Why Outsource Financial Accounting Services? Engaging services of Outsource Business Accounting Partner would provide requisite financial reports timely for effective business decision making apart from improving operational efficiencies, establishing best practices and support system for strengthening corporate governance. The following major advantages identified by various research organizations when the decision is arrived with necessary due diligence includes: 1. Focus on Business Strategy and Operational Excellence By outsourcing accounting operations, available additional time of organization can be better spent on business strategy and Operational
How Virtual CFO Services Solve Financial Challenges For Small Scale Companies? The journey of every small business in the first five years is generally saddled by effective funds management. Put simply, not enough money is seen coming in to pay employees or cover other expenses. The financial challenges of running a small business can quickly escalate and soon become the reason for closure. We list few of the financial challenges that businesses face and how to overcome them: 1.
What to Look When Engaging With A Virtual CFO? All growing businesses have financial challenges that cannot be addressed by Accountant or expensive CFO. Most Start-ups or SME fall behind in the first thirty-six months of operation due to financial incompetence. The importance of accurate book-keeping, maintaining budgets, tracking profits and loss, and managing your cash flow could determine the survival of your business. Virtual CFOs are commonly hired to provide a financial perspective to business owners as
Expanding Role of CFO Today’s CFO are digital enablers and strategic partners to the business. The role is ever evolving to reflect how business and people get their work done when finance & digital world intersects each other, in modern times, on the backdrop of social & environmental issues, regulatory compliances and the accelerated adoption of technology. The major pointers on new role of CFO that we come across are: The CFO relationships is now global and often virtual. All decisions are now
PAPERLESS FINANCIAL ACCOUNTING The advent of technology has revolutionized businesses and has done away with paperwork in offices. A lot of space has been saved as files are now stored in electronic gadgets and virtual storage. Paperless accounting involves transaction processing that is entirely electronic, with almost no paper involved in any business process. The intent is to streamline processes, reduce transaction error rates, and eliminate document storage. Every business, from small scale to large scale companies are going paperless to keep
The New CFO Mandate: Reshaping a new finance function for the post-pandemic new normal The pandemic-driven upheavals have caused several broader disruptions in the business world with human-stress and economic-turmoil having the largest impact on the CFO fraternity. In the fall-out, CFO have lost jobs, taken early retirement or started looking for alternate opportunities. The business world is now evolving a new mandate for CFO with the background of persistent worries about the pandemic, economic recovery & anxiety about the durability of
Emerging Financial Accounting Trends Technology is synonymous with development and modernizing the business landscape. Even in the pandemic state, Technology growth helps to transforms systems and processes, converting manual tasks into automated functions to operate businesses more efficiently and effectively. Latest accounting trends mainly revolve around this growth of automation and high-tech systems covering various accounting process that are being automated like approval workflows, bank reconciliation, journal entries, inter-company consolidation, revenue recognition, lease accounting and depreciation. The financial accounting trends are
Virtual CFO Services aimed at Business Sustenance and Growth Overview Every organization be it a Large Corporation or a Start-Up or a Mid-Size requires a Chief Financial Officer (CFO). Most small & mid-sized organizations hire a Controller & NOT a CFO & mostly are unaware of the services carried out by a CFO & the different skill sets required to carry out the Virtual CFO Services. One of the more popular facts is that 90% of the Start-Ups fail, out of 10% businesses