What is the Role of a CFO in Fundraising Process?
Small enterprises are largely relying on virtual CFO services to streamline an already booming business and its revenues. Hence it becomes absolutely necessary for an SME to understand the importance of the role of a CFO in fundraising.
Hiring CFO services in Mumbai could prove extremely beneficial as the need for a sound guidance in finance is critical for the growth and stability of an SME. The job of a CFO is to provide intelligence in terms of compliances, corporate governance, management of finances, reportage, and tactical planning. In short, the CFO will serve as a mentor for the SME in assuring financial success in business.
Some of the critical attributes that a CFO must possess in fundraising is as stated. Number crunching is the most important aspect of running a business. Since CFOs are usually CAs or CFAs it becomes necessary that they study financial reports with Hawkeye precision. Cracking a deal should also be one of the aspects covered by a virtual CFO. They should have a consistent record of closing in deals based on equity and should also be equipped with a list of financial sources who are willing to take a risk. The smart advice of cutting or postponing expenses by the CFO will also help in generation of funds.
Playing the role of CFO in fundraising raises its stakes as the CFO may require playing other roles within the fundraising process itself. Some critical decisions such as reviewing some confidential documents and taking a decision on the same may be required on a larger interest of the company. Reputation and integrity must be built up over a period time by a CFO. This will enable a huge networking pool in the investment arena itself. This will help the company fund more business and explore more business outlets.
Credibility goes a long way in undertaking fundraising process. When pitching to a potential investor, the comprehensive experience of the CFO also brings a sense of reliability to fund the company. To attain such kind of facilities, ProBizAdvisor is a leading financial and advisory firm that provides premium CFO services in Mumbai. ProBizAdvisor consistently strives to deliver impeccable services to the clienteles and consistently align for improvement in planning, performance and financial gains for an organization.
