Every organization needs a skilled and qualified talent for various roles. Although, there is no shortage of talented people, searching the right candidate, hiring and explaining him the work he is expected to perform and the time he shall be taking to get comfortable with his new role is a tedious and long-term process. Organizations these days rely on outsourcing their significant chunk of critical work to professionals who have the right skill and experience.
MysharedCFO is one such organization that offers services of a CFO to organizations of all sizes and industries. Founded in 2007 and headquartered in New Delhi, MysharedCFO was started by CA Piyush Garg. The company bridges the gap between the need of right talent that is present in every organization through its Virtual CFO services.
The idea of MysharedCFO also arises out of the need for SMEs to hire a CA to solve their specific financial problems and give them solutions that save their time and money. MysharedCFO aims at not merely being a problem identifier but a problem solver. The company believes in providing a solution to an inherent problem much before it becomes a problem. The services offered by MysharedCFO are modular, and they optimize the cost as per the requirement.
The company offers a broad spectrum of financial services through its pool of proficient CFOs, which includes:
a. Transaction Structuring
b. Compliance Monitoring
c. Data Completion
d. Analytics for Faster Decision Making
CFOs who offer their services are passive advisors and give solutions to problems which are shared with them. They make every effort to add value to the organization and provide suggestions/advice to keep the finance machinery well oiled. The team of CFO work closely with the organization and understand its basic fabric and maintain a regular flow of communication with the client through emails or other collaboration tools. Mysharecfo’s services are available as and when needed and not on just select days of the week.
The biggest strength of MysharedCFO is its team ability to translate business knowledge into accounting and compliance language, which is the long-term edge of mysharedCFO. The team size of the company is continuously growing, and there is a regular addition of a talented and experienced pool of CA and other financial professionals to it.
MysharedCFO plays a vital role since the past several years in defining the client’s needs and makes them understand what is needed for their future growth. The company follows a systematic approach before initiating its services which begin from conducting a detailed interview of clients before accepting any assignment and during which CFOs understand their needs and clear their thought process for growth targets etc. Most of the times, this process results in coming out with clear business goals and the company’s role in that process.
The company has gained the expertise to separate the low skill mundane tasks from the expert knowledge-based tasks. While a back-office team does the small skill tasks with the help of automated tools whereas the high skill tasks are performed by professionals such as CAs and MBAs thereby reducing the billed time of experts per organization lowering the cost for the clients.
The company serves a wide range of clients Pan India and harness technology to become more efficient and agile. There is less paperwork involved, and the company is tech-savvy in its operations. The client data is kept the safe and high level of confidentiality is maintained to keep the information secure. SMEs and NGOs form the significant chunk of the company’s client-base, and now the company is moving towards specialized CFO services.
The company works relentlessly to improve the skills of its CFOs, as they are its real asset. The employees are encouraged to share the knowledge through weekly discussion forums, which help them, understand the work done by each other and share the practical difficulties faced and the ways it is being overcome. Employees are also advised to work on their presentation skills, which help them to gain confidence and improve their communication skills. On the academic front, the employees/consultants participate in regular professional seminars to update their knowledge.
The company has witnessed a healthy growth rate on year on year basis and expect to grow at a fast pace in the next three years in the virtual CFO space. Mysharecfo is a company for the next-gen entrepreneurs who have faith in the virtual world and are keen to avail services of an expert.
For more details: https://mysharedcfo.com/