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Office Of CFO

The CFO plays a crucial role in finance, accounting, and decision-making. There is an obligation of hiring a CFO or Interim CFO as all the companies require a person with expertise in finance for overseeing the operational and non-operation financial activities, and take major decisions related to the budgeting and finance for the short and long-term goals of the organization.

Organizations benefit from the Office of CFO in strategy/governance, business plans, fundraising, business decision-making support, partner assurance, deal assistance, business process improvement, and operational support.

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Office of CEO is implemented with solutions like F&A Outsourcing, Interim CFO/Controller, and Tech Stack.

Outsourcing the F&A function gives you access to a team of experts who understand and support your business growth, and are well-versed with the updates in compliance policies, and accounting rules and regulations. Using professional expertise, hyper-automation technology solutions, and transformational methodologies, the F&A BPO services bring about the digitalization of finance operations.

Regardless of whether the enterprise is still in its early stages, is experiencing a crisis, or is undergoing significant changes and transitions, an interim CFO/Controller is engaged to ensure a seamless continuation of financial management and decision-making. It is a highly efficient, fast, and flexible working solution that is always personalized and tailored to your specific requirements.

Practus combines people and software to deliver Tech Stack – a “solution in a box” offering that brings efficiencies to the CFO and F&A function for start-ups with less than $10 million revenue. Tech Stack Product benefits VC-funded start-ups and SMEs by providing a qualified and efficient Business Partnering CFO along with a hands-on F&A team at a much lower cost due to the shared resource model adopted by Practus.

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We have delivered the Office of CFO solution to companies of all types of ownership, sizes, and industry verticals. As the company’s Ongoing/Interim CFO, Practus accepts full responsibility for the CFO/ Head of Finance role. The engagement model is provided onsite at the company’s office and is based on a robust engagement structure (Practus Delivery Framework). We take complete ownership of the Finance & Accounts function, which is managed by a Practus Engagement Leader. We also supervise the company’s Finance & Accounts staff and report to the CEO, Promoters, Group CFO (if a multinational), or investors.

Practus implements the Office of CFO solution with F&A Outsourcing, Interim CFO/Controller, and Tech Stack services.

A combination of these deliverables assists organizations to:

[tlg_icon_title_list][tlg_icon_title_list_content icon=”ti-angle-right” title=”Develop, maintain, and improve Governance Standards”][tlg_icon_title_list_content icon=”ti-angle-right” title=”Create 5-year company business plan”][tlg_icon_title_list_content icon=”ti-angle-right” title=”1-year Budgets”][tlg_icon_title_list_content icon=”ti-angle-right” title=”Raising/Restructuring Bank loans”][tlg_icon_title_list_content icon=”ti-angle-right” title=”MIS Dashboard development”][tlg_icon_title_list_content icon=”ti-angle-right” title=”Customer and Product Profitability”][tlg_icon_title_list_content icon=”ti-angle-right” title=”Treasury Management”][tlg_icon_title_list_content icon=”ti-angle-right” title=”Performance Management systems for employees”][tlg_icon_title_list_content icon=”ti-angle-right” title=”Vendor/Distributor Due Diligence”][tlg_icon_title_list_content icon=”ti-angle-right” title=”Liaison with potential acquirers, targets, or collaborators”][/tlg_icon_title_list]
[tlg_icon_title_list][tlg_icon_title_list_content icon=”ti-angle-right” title=”Liaison with foreign partners”][tlg_icon_title_list_content icon=”ti-angle-right” title=”Deal negotiations with vendors and customers”][tlg_icon_title_list_content icon=”ti-angle-right” title=”Improvements in existing Business Processes”][tlg_icon_title_list_content icon=”ti-angle-right” title=”Risk Management”][tlg_icon_title_list_content icon=”ti-angle-right” title=”Cost reduction and efficiency improvement”][tlg_icon_title_list_content icon=”ti-angle-right” title=”ERP/BI Tool implementations”][tlg_icon_title_list_content icon=”ti-angle-right” title=”Routine accounting compliances”][tlg_icon_title_list_content icon=”ti-angle-right” title=”IFRS assistance”][tlg_icon_title_list_content icon=”ti-angle-right” title=”Preparation for GST”][tlg_icon_title_list_content icon=”ti-angle-right” title=”Complex Accounting Reconciliations”][tlg_icon_title_list_content icon=”ti-angle-right” title=”AR Recovery Solutions”][/tlg_icon_title_list]
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    [email protected]

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RESULTS. DELIVERED.

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