Approximately 60% of new businesses fail within the first two to three years of operation, according to estimates. The majority of experts blame their loss on poor financial preparation. It should go without saying that financial planning is very important for businesses to attain long-term stability.
Most prestigious companies now employ CFOs on a full-time basis to manage their finances. On the other side, MSMEs are unable to raise the money required to put a CFO on their payroll. Banks Town may help you in this situation by introducing you to a virtual CFO, which is a comparatively more affordable solution.
Our Virtual CFO will take care of a variety of financial-related activities, including developing a budget, highlighting the most popular market trends, providing guidance on raising loans and equity, and assisting in the conceptualization of a successful financial plan. You may feel secure knowing that all of your fund-raising and financial management-related choices are being made by a professional at a very reasonable cost when you work with our highly qualified Virtual CFO as your ally.
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Benefits
Access to professionals with the expertise necessary to properly plan, forecast, and make financial decisions.
Subscription-based pricing that is quite reasonable and competitive.
Give advice on how to make sufficient financial cuts and a sizable increase in revenue.
Increase the visibility of your incoming and departing finances.
Manage the escalating financial complexity as your company expands.
Provide flexible services that exclusively address the unique needs and specifications of your company.
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How Does a Virtual CFO Help?
A virtual CFO is a service provider with a role that is similar to a traditional CFO with the only major difference being that the former offers its services remotely. Like their traditional counterparts, Virtual CFOs leverage their financial expertise to help a business make sound financial decisions.
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Does Banks Town Offer a Virtual CFO?
Yes! Banks Town does offer a Virtual CFO that offers subscription-based services like advice on financial management, fundraising, market trends, etc. for a reasonable price.
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Why Should I Choose Banks Town for Hiring a Virtual CFO?
When choosing a virtual CFO, it is considered a safe bet to go with a service provider that has substantial experience and enjoys a revered reputation in the industry. You get that by choosing Banks Town for hiring a Virtual CFO. Over the years, our Virtual CFOs have used their financial expertise to help several of our notable clients across India manage their finances, control costs, and maximize revenue. Needless to say, they can do the same for you as well.
A well-known business with a reputation for building futures is Banks Town. Banks Town is a top loan provider with over 10,000 clients and ten years of experience, offering doorstep services. One of our main services is to offer loans to SMEs for operating capital, loans for enterprises to expand, loans for machinery upgrades, loans for education, and loans for homes to help you realize your ambitions.
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