A Chief Financial Officer (CFO) has a critical role in strategic development, operational aspects, and management of funds.
An effective CFO should have the ability to take financial data and use it to influence the operational decision-making and strategy. There was a time when CFOs were primarily responsible for accounting and book-keeping functions. While such responsibilities may still be within their purview, the fact is current times demand much more from the role. CFOs today need to be creative, understand best practices, and know how to create more value for the company.
As with any valuable resource, hiring a seasoned full-time CFO is generally expensive, no matter how important they are to any business. The solution? A virtual CFO.
Snowcrest partners with your business to support your accounting and finance functions. We work as your company’s very own CFO and are by your side during your business journey. Read on below to see how Snowcrest can work with your business.
Virtual CFO and Business Partnering
Our senior team supports businesses in a CFO capacity and helps to streamline and manage their finance functions without the steep costs of hiring a full-time finance veteran.
With an in-house team of financial and accounting experts at Snowcrest, we help build the most robust FP&A teams and offer our clients with expertise generally provided by CFOs. We also provide full-time employee equivalents to assist in managing the day-to-day accounting activities of a business.
Accounting Advisory and Support Services
With years of experience, our team has the capability and expertise to take your accounting processes to the next level. At Snowcrest, we combine our insights and skills to transform your accounting processes and strategies, and in turn, your business.
We’re proud to help shape and improve our clients' accounting processes and manage it end-to-end.
Fund Flow and Cash Flow Management
A Fund Flow Statement is prepared to explain the changes which have occurred in an organization’s working capital during the period under consideration. It is an important tool for a medium to long term financial analysis.
A Cash Flow Statement focuses on transactions which have had a direct impact on the cash balance of an organization. Cash Flow Statements are an essential for short term financial analysis.
We understand your business’s requirement to effectively manage its fund flows and cash flows. Our team supports numerous businesses by preparing periodical Fund Flow and Cash Flow Statements to reflect changes in working capital and cash balances. However, our support doesn’t stop there. Our team also engages in meaningful discussions with businesses to identify areas of improvement.
We believe that a periodical review of the operational aspects of a business works as a ‘health check’ and goes a long way in creating and maintaining positive cash flows and long-term solvency.
Business Planning and Financial Modelling
We understand your need to innovate to stay relevant and competitive in this fast-paced world. For your next breakthrough startup idea or asset acquisition plans, our team of experts can undertake an in-depth market assessment, carry out a thorough analysis, and prepare forecasts based on various scenarios and degrees of sensitivity.
Our actionable business plans and scenario-based financial models have empowered our clients strategize and grow their businesses.
Legal and tax effective business structuring for existing entities and post-transaction structures
In today’s dynamic legal and tax landscape, it is imperative for entities to periodically review their structures to determine whether they are functioning in the most optimum manner. At Snowcrest, our team has broad experience in not only supporting entities during a merger or acquisition, but also working with entities assessing possibilities to revamp their current structures.
With the vast number of structuring alternatives prevalent in any economic landscape, we provide our clients with various alternative options and thereafter engage in meaningful discussions to assist in selecting and implementing the option most suited to their needs after giving due consideration to associated risk and benefits.