Virtual CFO Services for Startups in India

Startups and SMEs often need cost effective solutions in almost every department, however, when it comes to financial and legal compliance, cost savings could turn detrimental for survival of Companies in the long run.

Virtual CFO for growth-stage companies is required for various important aspects:

1. Virtual CFO for cost-effective business solutions, which includes compliance, secretarial, bookkeeping, and other related aspects of running an entity in India.
2. Virtual CFO for budget management ensures reasonable and effective utilization of capital and allocation of resources in efficient manner.
3. Virtual CFO for cash flow management which ensures that Founders or Board Members take informed decisions based on data, rather than qualitative inputs from personnel which has personal bias, lack of data and numbers, leading to emotional decision taking.

Are you prepared to stop haggling with paperwork and worrying about your company’s finances?

What are Virtual CFO Services for startups in India?

Virtual CFO (Chief Financial Officer) services for startups in India offer expert financial management and advisory on a part-time or outsourced basis. These services can be highly beneficial for startups, especially in the early stages when resources may be limited. Accounting, finance compliance processes and MIS help run a company more efficiently.

Our team of CA’S , MBA’s and Lawyers can help the companies prepare for their various capital rounds with their understanding of global and multi company operations and extensive knowledge on subjects like valuation, due diligence, international taxation and finance compliances. 

In addition to the above, virtual outsourced CFO services at Anbac Advisors will help to:

• Identify key metrics and support in accurate financial reporting
• Interpret financial results on a regular basis
• Strategic planning
• Manage annual budgeting process, development of annual strategy
• Cash management & planning

The USP of our services is round-the-clock accessibility, resource mobilisation and providing affordable professional service lacking in entrepreneurial ecosystem. Today, the accounts heads of small companies are busy in internal finances of the company. Even second-generation entrepreneurs who run family businesses are keen timely compliance, on improving governance, budgeting, and thus understanding the importance of virtual CFOs.

We Offer tailor-made services based on client requirement and the scope and volume of work. Keeping in mind the growth stage of companies, there is cushion in the scope of work and pricing for a limited time period.  

Anbac Advisors has been catering to clients in Delhi- NCR and also in Tier-1 cities such as Mumbai, Bangalore, Hyderabad, Chennai. We have also expanded our business to Dubai and Singapore and we cater to many startups, mid sized firms and international MNC’s. The execution is carried out majorly from own centre, but visits to client facilities are conducted on regular basis.

What are the services included in Virtual CFO?

1. Financial Strategy and Planning
   • Budgeting and Forecasting: Helping startups plan and forecast financial needs.
   • Cash Flow Management: Monitoring cash flow and ensuring adequate liquidity.
   • Financial Modelling: Creating models for business plans and funding requirements.
2. Financial Operations:
   • Bookkeeping and Accounting: Maintaining financial records, handling accounts payable and receivable.
   • Payroll Management: Managing employee salaries and taxes.
   • Financial Reporting: Preparing regular financial statements like balance sheets, income statements, and cash flow reports.
3. Tax Planning and Compliance:
   • Tax Strategy: Advising on tax planning and compliance to minimize liabilities.
   • GST Filing: Ensuring proper GST compliance and filing returns.
4. Funding and Investor Relations:
   • Fundraising: Assisting in preparing financials for pitching to investors, venture capitalists, and banks.
   • Valuation: Advising on company valuation for investment rounds.
   • Investor Reporting: Providing regular updates to investors.
5. Risk Management:
   • Financial Risk Assessment: Identifying and mitigating financial risks.
   • Internal Controls: Setting up financial controls to prevent fraud and errors.
6. Advisory Services:
   • Business Strategy: Offering advice on strategic decisions like mergers, acquisitions, and partnerships.
   • Growth Strategies: Helping plan for scaling the business effectively.

Why Startups Choose Virtual CFO Services?

• Cost-Effectiveness: More affordable than hiring a full-time CFO.
• Flexibility: Services can be scaled according to the startup’s growth stage.
• Expertise: Access to experienced financial professionals without the overhead costs.
• Focus on Core Business: Allows the founders and core team to focus on their business while the CFO handles financial matters,

Bookkeeping/Accounting Services

Accounting and bookkeeping services are necessary for all the businesses to ensure financial and operational accuracy for the business. AnBac Advisors works as an outsourced independent finance and legal department for a company. Our Team ensures accounting, auditing, tax and other compliances for a start-up in India, South East Asia and United States.

Know More About: Accounting Services

ROC Filings

Registrar of Companies (“ROC”), an office under the Indian Ministry of corporate Affairs that administers Companies Act 2013. Any company incorporated under the Companies Act, is mandatorily required to comply with the statutory requirements under ROC by filing various forms, documents as well as returns in time with through online portal.

AnBac Advisors is an expert on Company Law Matters and carries out 360 degree compliance for all the matters pertaining to or related to ROC.

With the introduction of Companies Act, 2013 and NCLT structure implementation, Corporate law requires regular adherence to avoid stringent action against companies and directors.

Tax Consultancy

Taxation is a specialized are and needs great skills and accuracy. AnBac team aims to guide you through all your tax compliances related to GST, ITR & TDS.  Our aim to develop and plan compliance tools and strategies to avoid any tax penalties.

Know More About: Tax Consultant

MIS Reports for management 

Management Information System (“MIS”) is an empowering tool for Founders and CXOs of organizations. Many decisions with financial impact cannot be reasonably planned or impact assessed, unless a thorough MIS Report is carefully studied.

AnBac Advisors empowers every CXO and Founder to read their company specific reports through our unique systems of accounting and MIS integration, enabling a real-time access to MIS created in sync with accounting and compliance data.

Some of the sample reports include

• Customized dashboards for management
• Revenue reports
• Sales reports
• Critical Expense Reports
• Profit reports
• Customized reports as required by the company

Know More About: Budgeting & MIS Reporting

FEMA/ RBI Compliance

AnBac Advisors provide advisory and compliance services enclosing legal and regulatory aspects related to Foreign Exchange Management Act and RBI matters:

1. Advisory on Inbound & outbound structuring of investments
2. Assistance in compliance and obtaining approvals related to RBI/ FEMA matters
3. Assistance on compounding of offences under FEMA
4. Allotment/Transfer of shares to non-residents
5. Setting up of/purchase of an existing entity
6. Representation before RBI on litigation matters

Auditing & Financial Due Diligence

Financial Due Diligence

Investors across south east Asia, US and Indian markets lack professional skill and expertise in terms of forensic and financial due diligence.

It is pertinent to understand the nuances of a Due diligence or Forensic audit at the time of investing into a Startup/ SME. The claims and projections and current financial standing can be fabricated or un-true to suit the investment criteria.

Our team conducts forensic due diligence on such transactions, and advice some of the top celebrated investors in the Industry to enable investment in startups and SMEs with legit claims and financial standing.

 Auditing

Audit is all about checks, controls, and assurance which may be done statutorily or voluntarily by the company to assure a true view of the financial standing of the business. We at AnBac Advisors provide an end to end audit and assurance services to our clients.

Through our robust auditing team, we deliver high quality audits, adhering to highest standards of ethic.