Blog

Virtual CFO (Part-Time CFO) Services in Dubai, Abu Dhabi, UAE

Miscellaneous
Virtual CFO (Part-Time CFO) Services in Dubai, Abu Dhabi, UAE

It’s a common practice among companies of Dubai, Abu Dhabi, UAE to appoint a virtual part-time or permeant CFO to manage full spectrum financial, accounting, and bookkeeping matters. In this way, companies can focus all their efforts on core business functions. Virtual CFO not only administers financial transaction and statements but also provide strategic guidance to cooperate leaders regarding investment and debt/equity market.

Aviaan Accounting is renowned auditing, assurance, and financial advisory firm operating across all Emirates of UAE with the aim to achieve financial and accounting excellence.

How does Virtual CFO work in Dubai, Abu Dhabi, UAE?

Depending on the requirement of the client, agreement terms and conditions of the part-time or full-time virtual CFO will be negotiated/set with mutual consent. It includes:

  • The number of visits /hours to the company site is agreed to accomplish tasks that will require physical presence.
  • Email and phone correspondence will be kept confidential and consultation service will be provided within pre-defined SLAs.
  • Compensation/Charges will be based on the company scope of work.
  • Part of the management board.
  • Developing company governance and policies.
  • Facilitating accounts staff with accounts and financial reports.
  • Monthly/Quarterly/Annually financial and operational reports.
  • Treasury management Dashboard.
  • Commercial contracts and legal issues management.

Importance of Virtual CFO in Dubai, Abu Dhabi, UAE

The importance and role of CFO cannot be neglected in today’s dynamic, fast-paced, challenging, and high-pressure working environment. Virtual CFO service providers in Dubai, Abu Dhabi, UAE plays a significant role in defining the mission, vision, principles, and values on which the company will perform its business. CFO act as a cornerstone in igniting business growth through strategic development and industry assessment.

Virtual CFO is essential in making key decisions of the company because they help in studying market trends, gauging buying power of the consumer, analyzing competition, and estimating future behavior/upcoming developments. With this knowledge and understanding, CFO ensures that the strategy of the company is updated in alignment with market dynamics.

What functions does Virtual CFO Perform in Dubai, Abu Dhabi, UAE?

Virtual CFO along with a professional team of an accountant can help your business in the following ways:

  • Manage financial functions of the company including accounting practices, monitor the performance, financial strategy development, and internal control systems.
  • Virtual CFO services in Dubai, Abu Dhabi, UAE delivers insight into the financial implications leading to successful short- and long-term planning.
  • Virtual CFO in UAE implements strategies to maintain compliance with tax and regulatory standards.
  • Outsourced CFO identifies, assesses, and mitigates risk through contingency planning and a proactive approach.
  • Virtual CFO work on forecasting cash flow and managing equity or debt financing.

Aviaan Accounting; Leading Virtual CFO (Part-Time CFO) Service Provider in Dubai, Abu Dhabi, UAE

Aviaan Accounting offers high-quality distinctive part-time CFO service in Dubai, Abu Dhabi, UAE to various financial institutions, SMEs, local and multinational cooperation. Our objective is to serve our clients, fulfill their needs, and establish a sustainable relationship. Given below are the few CFO services we provide across UAE:

  • Monitoring accounting department
  • Supporting cost analysis and construction contracts
  • Providing advice to CEO or business owners
  • Pre-costing and post-costing analysis
  • Cooperation with banks and other financial institutions

Contact us at info@aviaanaccounting.com or +971567952590 and set up a meeting with our certified advisors and consultants.