Your Strategic Financial Partner for Growth and Success
At PikoHANA, we understand that adequate financial leadership is a cornerstone of business success. Our CFO Services are designed to provide you with experienced, strategic financial guidance, helping you make informed decisions and drive your business toward new heights.
CFO Services FAQ
Reports tailored to your company’s needs will be produced by a CFO service on a monthly or weekly basis. Your current controller and bookkeeping team will be monitored by a CFO service to make sure there are several checks and balances built into every process, strengthening security and presenting accurate financial information.
Keep an eye out for the CFO who has a thorough awareness of your company’s present financial situation. A CFO who is a good match for the position will also offer genuine reviews on your current operations and suggestions for how to make them better.
Ask yourself a few questions to know if you need CFO services or not. Determine the supervision status of your finance team, in case it does not have a supervisor, you will need to consult CFO services. A CFO is an ideal choice if you have the accounting aspect of your business covered yet need a more adaptable, visionary individual to take the lead on building your firm. You might also want to seek CFO services if you are having problems raising capital or want to expand your business internationally.
Outsourced CFOs are cost-effective and quick solutions if you lack a fully functioning department of accounts management. Cloud-based accounting tools and virtual team communication softwares like Zoom and Microsoft Teams make it easier for the outsourced CFO to be hired on the basis of time and materials or monthly subscription.
You can engage with your CFO whenever you deem fit, daily or weekly. Some businesses believe in talking to their CFOs on a fortnight basis, while some believe in a daily or weekly conversation. It all depends on the status of your finances and the urgency of the condition.
In the majority of the cases, CFOs have degrees in management, business, finance, or economics. The typical approach by CFOs includes earning an ACCA Qualification combined with a bachelor’s and master’s degree in accounting or a related field of finance.
CFOs use many statistical, accounts-related, and quantitative tools such as Quickbooks for managing invoice tracking, Trello to improve management of projects, Salesforce to premonish sales, Power BI to be clear about the hidden insights within the data, Jenji to facilitate expense management, and many more.
A background in accounting or finance is necessary to start CFO services, as is an advanced business degree, typically an MBA. To offer suggestions on financial and organisational strategy, CFOs also need to have competence in data analysis.