Aviram Arviv, Founder and CEO of DANOY, explains how CFO services can become the mechanism for stable business growth for businesses of any size.
One of the solutions we like the most to provide at DANOY are CFO consulting services. This is because with the help of this service we get to know the customer’s activities most closely, and help him/her achieve impressive results faster than he/she ever expected.
A CFO for each business: CFO Consulting
Let’s think about the management of a small company, like a startup. Clearly the company is headed by the CEO, the person who leads the organization. Most often, under his/her lead one will find the VP of Technology (usually with a programming background), the VP of Marketing, who is also expected to have years of experience in the field, the VP of Business Development, etc..
However, many times a CFO is absent from the core team of startups or small companies. You can understand why – many times founders are focused on developing and marketing their product. Due to budget and work scope considerations, it does not always pay to have another VP full time. And so the financial management of the company becomes an additional task for the CEO or one of the other VPs.
True, it is a solution, but not the ideal one. Financial management is a profession in itself, full of complexities and subtleties that take years to learn. Without an experienced financier, there is a high chance that the business will not make the best flow, will not be run properly with the authorities, and will even make incorrect flow calculations which are needed to enable the continuous operation of the business.
This is where the CFO services we offer come in.
CFO services with DANOY and Aviram Arviv
With a CFO consulting service, even a small business can benefit from the experience and influence of a senior CFO. As part of the service, one of our financial advisors integrates within the customer’s management and functions as CFO. In this manner, our financial advisor is able to supervise the financial management, create processes, formulate a long-term financial plan, and even, if desired, begin establishing an organic Finance Department to serve the organization in the years to come. All this within the framework of monthly work hours that will be defined together with the customer after understanding his/her business needs and aspirations.
CFO integration is one of the keys to the success of many businesses. Especially those who started out as startups, with limited manpower and relatively high budget responsibilities (usually originating from investment). If you are also interested in incorporating a CFO into your organization, contact us and we will be happy to answer any questions.
CEO and Founder of DANOY