CFO outsourcing

The main functions of an outsourced CFO are as follows

• Organizing the management of the company’s financial resources, regulating financial relations
• Coordination of work on the analysis of the company’s financial-economic condition
• Development and control of accounting, tax, credit and investment policies of the company
• Asset management of the company
• Organization and control over fulfilment of financial plans, budgeting
• Financial allocation
• Participation in the budget control process
• Preparation of management accounts
• Participation in the annual budget preparation

EBS experts in Ukraine possess all knowledge and skills needed to fulfil the CFO duties, including thorough knowledge of national and international accounting standards, development and implementation of international reporting, cash flow management, financial analysis, business planning, budgeting system development, financial auditing, and development of internal control systems.

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What advantages do you gain by outsourcing your CFO?

• A professional who will work in your company on a temporary basis will be able to share all their experience and knowledge for the development of the company;
• Outsourcing financial functions may be inherently more independent and profitable than direct employment, as you only pay for services actually rendered rather than a five-day working week;
• Combination of the team and individual competencies and professional experience – the person in charge has access to the necessary professional information and competencies, including quality control, business process best practices, internal controls, taxes, IFRS;
• Confidentiality which is guaranteed by strict internal policies;
• Streamlined financial processes due to our experts’ long experience in all industries;
• Minimization of financial risks due to understanding of legal framework, rules of doing business in Ukraine and support of experienced team of experts.