For the correct management of the business and increasing profitability, an indispensable criterion is the study, planning, analysis and control of the financial condition. The financial manager does the optimization of costs, analyzes profitability, and controls the movement of cash. However, hiring and retaining a qualified financial manager/director is associated with financial costs in both medium and small businesses.
Consulting Port CFO outsourcing is a flexible practice and combines:
• study, analysis of the financial situation, selection and introduction of individual financial management and control instruments;
• Budgeting;
• Analysis of the financial condition of the business and the adoption of optimal and effective decisions in business processes, which are the necessary managerial manipulations to improve, develop and maintain the achievement of the financial condition of the business.
For this purpose Consulting Port offers the following services:
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Our CFO outsourcing team conducts a detailed analysis of your company's income and expenses. These include:
• Identify and evaluate sources of income
• Analyze the cost structure and identify opportunities for optimization
• Analysis of profit margins by products and services
• Identifying and forecasting trends
• Develop recommendations to improve financial efficiency.
This analysis will help you make informed decisions and increase the profitability of your business.
Our CFO outsourcing service offers:
• Develop detailed budgets for quarterly, annual or multi-year periods;
• Forecasting income and expenses based on historical data and market trends;
• Regular monitoring and analysis of budget execution;
• identification of deviations and research of their causes;
• Propose adjustments to optimize the budget;
• Preparation of financial statements for management on the implementation of the budget;
This service will help you plan and manage financial resources efficiently, which will ensure the stable growth of your business and the achievement of goals.
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Our CFO outsourcing team offers efficient cash management, which includes:
• Detailed cash flow forecast• Liquidity management and optimization
• Monitoring of receivables and receivables
• Optimization of working capital
• Development of strategies for investing cash
• Management of relations with banks
• Currency risk management (if necessary)
• Regular reporting of cash movements.
This service ensures the financial stability of your company, reduces liquidity risks and increases the efficiency of capital use.
Our CFO outsourcing team will design a reporting system tailored to the specifics of your business:
• Detailed analysis of business needs and identification of key performance indicators (KPIs);
• Develop custom reporting formats that reflect the specifics of your industry;
• Selection and integration of automated reporting tools;
• Creation of detailed dashboards to visualize data in real time;
• Generate periodic financial and operational reports;
• Preparation of analytical reports for management to facilitate decision making;
• Constant monitoring and optimization of the reporting system in accordance with the changing needs of the business;
• Training of employees to effectively use the new system;
This service ensures that you receive accurate, timely and relevant information about your business, which will help you make informed decisions and manage your business effectively.
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Our CFO outsourcing team specializes in preparing and submitting annual reports for Category III and IV enterprises in SARAS:
• Preparation of financial statements in accordance with the Financial Reporting Standard for Small and Medium Enterprises (IFRS for SMEs) or the Accounting Standard for Category IV enterprises;
• Preparation of statements of financial position, profit and loss statements and explanatory notes;
• Preparation and uploading of documentation to the SARAS portal
• Timely submission of reports within the deadlines established by law (no later than October 1 of the following year of the reporting period;
• Communicating with SARAS and meeting possible additional requirements;
• archiving and storage of submitted reports;
This service ensures your company's compliance with Georgian legislation, eliminates penalties caused by delays and promotes transparency of your business, which is especially important for small and medium-sized enterprises.
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