Su­perCFO helps SMEs scale new heights

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Sev­eral auto com­po­nents man­u­fac­tur­ing SMEs have a high level of sys­tems, pro­cesses and au­to­ma­tion. “How­ever, there is room for im­prove­ment in fi­nance func­tion. There is an op­por­tu­nity of align­ing in­ter­nal busi­ness pro­cesses to global stan­dards by driv­ing busi­ness de­ci­sions with ac­tive in­puts from the fi­nance func­tion,” Bhairav Kothari, Founder and Man­ag­ing Di­rec­tor, Su­perCFO, told Auto Com­po­nents In­dia.

He said the chal­lenges of man­ag­ing a grow­ing busi­ness - a Startup, SME or a large busi­ness unit- are ex­tra­or­di­nary. “Man­ag­ing the busi­ness’s fi­nances, com­pli­ances, cor­po­rate gov­er­nance, and ad­dress­ing the strate­gic re­quire­ments are im­por­tant tasks and one can­not af­ford to ne­glect th­ese ar­eas. More­over, ev­ery en­tre­pre­neur needs a source for strate­gic ad­vice, and daily sup­port to meet the fi­nan­cial and tech­ni­cal ac­count­ing re­quire­ments. Su­perCFO, In­dia’s lead­ing CFO ser­vices provider, helps such com­pa­nies, right from their early days un­til they be­come a large public com­pany,” Kothari said.

Su­per CFO has sev­eral of­fer­ings for the auto com­po­nent man­u­fac­tur­ers.

They in­clude:CFO healthcheck ser­vices:

A com­pre­hen­sive 100 - point health-check so­lu­tion, cov­er­ing 9 broad cat­e­gories, from a CFO’s per­spec­tive; that re­sults in an ex­ec­u­tive re­port iden­ti­fy­ing ar­eas for im­prove­ment

Fi­nan­cial bench­mark­ing:

De­tailed com­par­i­son of all key fi­nan­cial met­rics ver­sus other com­pa­nies, to get a com­par­a­tive view point of where the com­pany is do­ing bet­ter and where it could im­prove, to stay ahead of the peers.

Bud­get­ing and fore­cast­ing:

De­tailed bud­get­ing for the com­ing fi­nan­cial year, as well as broader 5-year fore­cast plan, along with sen­si­tiv­ity anal­y­sis.

Trans­ac­tion sup­port:

As­sis­tance with eval­u­at­ing and ne­go­ti­at­ing pos­si­ble trans­ac­tions - be it for ac­qui­si­tions, Joint ven­tures or tie-ups.

Vir­tual CFO so­lu­tion:

For growth com­pa­nies, that do not need a full­time CFO, we pro­vide a CFO So­lu­tion to as­sist the com­pany on an on­go­ing re­tainer ba­sis.

Full-time CFO so­lu­tion:

As­sis­tance to iden­ti­fy­ing the right fi­nance tal­ent to bring on board, on a full-time ba­sis.

In ad­di­tion to th­ese, “We fo­cus on pro­vid­ing var­i­ous fi­nance, strat­egy and re­lated ser­vices. We be­lieve in work­ing closely with the com­pany in strength­en­ing its over­all fi­nance func­tion. While, we are not nec­es­sar­ily an In­vest­ment banker to help raise funds, we help in over­all plan­ning, struc­tur­ing and ex­e­cu­tion,” Kothari said. Su­perCFO, in a unique man­ner, helps small com­pa­nies to go be­yond and grow big­ger. Kothari said, “Many small com­pa­nies hit a ceil­ing af­ter achiev­ing a par­tic­u­lar busi­ness size. In or­der to break that glass ceil­ing, they have to go over­board on debt fund­ing and lever­ag­ing. This can come through look­ing at var­i­ous trans­ac­tion op­por­tu­ni­ties to grow to the next level. How­ever, for that, one needs to eval­u­ate each and ev­ery as­pect thor­oughly, and even have a road-map for postac­qui­si­tion in­te­gra­tion strat­egy. For all th­ese, the en­tre­pre­neur re­quires to work with a su­per CFO, who can not only as­sist with growthre­lated strate­gies but also help in strength­en­ing ex­ist­ing fi­nan­cial pro­cesses and con­trols; and in par­al­lel help eval­u­ate ar­eas for im­prove­ments us­ing fi­nance health check and bench­mark­ing so­lu­tions.”

Data se­cu­rity may be an is­sue in deal­ing with an ex­ter­nal agency. Al­lay­ing such fears, he said that this is­sue has to be looked into from var­i­ous an­gles. “First and fore­most, our busi­ness op­er­ates be­cause of trust and data con­fi­den­tial­ity. The re­la­tion­ship is that of a client and an ac­count­ing or law firm, where the clients some­times con­fide in more than what their teams are aware of.”

Su­perCFO will also sign a proper `Con­fi­den­tial­ity Agree­ment’ with the client. “Wher­ever we are play­ing an on­go­ing role, for a longer du­ra­tion, and are ex­chang­ing confidential in­for­ma­tion, we rec­om­mend to the client to setup an email ac­count on their server, so that all data re­mains on their server it­self at all times,” Kothari said.

Bhairav Kothari, Founder & Man­ag­ing Di­rec­tor, Su­perCFO

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