Hire Financial Controllers
in India

Get your access to professional financial controllers to side-step the hassles of costly recruitment with VE’s outsourced financial controller services. Financial control can’t be exercised without a disciplined approach or plan. Our virtual controller services will help ensure the apt financial discipline in your business through proficient utilization of resources and properly supervising the outflow and inflow of resources within the organization.

When Should You Prefer Outsourcing Financial Control Services?

When a small business starts growing, the company’s owner will begin spending a lot of time managing the accounting books instead of conducting business. Generally, there is an accountant or bookkeeper on a contract or already on board, but that resource ultimately becomes inept to handle the business owner and outside stakeholders’ financial data requirements.

The common situations when companies should consider hiring a financial controller are:

Revenue: Generally, businesses with revenue exceeding $5 million are ready for — and need the assistance of — a certified financial controller.

Growth: As a company exceeds its bookkeeper’s capabilities or available time, it should bring a financial controller on board. The financial controllers can provide the required assistance to a growing company and help them decrease the time required to close the books, implement complex accounting transactions and impose business policies and internal controls. You shouldn’t underrate bookkeepers, but financial controllers have the educational background, experience, and training necessary to manage tasks and duties such as liaising with tax professionals and external auditors and protecting against fraud.

GAAP Compliance: Irrespective of the revenue size, a majority of financial controllers are recruited when a business wants to produce financial statements compliant with GAAP to match the banker or investor’s requirements or, as a provision for start-ups, venture capitalists.

How is a Financial Controller Different from a CFO?

The size of a company controls the roles of a CFO and a financial controller. In smaller businesses with both a financial controller and CEO, these leaders are jointly responsible for all the aspects of the financial processes of the company.

CFOs and financial controllers in the same organization start having a separation of tasks when the company’s revenue falls between $35 million to $50 million, or when a business begins expecting compound financial market transactions. In these situations, the CFO shall usually assume the external-facing role, engaging with financial markets, acquisitions and mergers, whereas financial controllers are responsible for handling internal processes of producing accurate and well-timed financial statements.

One more difference between a financial controller and a CFO is that a financial controller concentrates on internal controls, ledgers, expense and systems management, while the CFO’s functions span all financial activity, like treasury, budget forecasting, and collaborating with the board of directors and investors.

What is the Importance of Hiring a Certified Financial Controller?

The role of a financial controller is quite technical; specialists require being both experienced in matters related to accounting and compliance and relevant leaders who make the whole organization willingly follow the laid procedure and policies. This blend of soft and hard skills makes a financial controller so significant for any business.

A great deal of pride of ownership in the precision and timeliness of the business’s books, coupled with 4-star ethics, are essential qualities of an accomplished financial controller. Simply put, it’s vital for experienced financial controllers that their final financial data is accurate — and they’ll not stop before to making it right — as it should be accredited by senior executives. Also, the resultant financial data will be utilized to make critical business decisions.

Why Outsource Financial Control Services to India?

Boasting the second-largest workforce of accounting and finance professionals in the world, India has been the most popular destination to outsource financial controller services. Highly-skilled and certified financial controllers, the latest accounting software, higher data security, and lower labour costs are the factors that best describe India’s potential in the outsourcing landscape.

Here are the Prime Reasons to Hire a Virtual Financial Controller from India:

• High-level reporting and analysis
• Regular budget consolidation
• Improved cash flow management
• Tax and BAS statement preparation
• Apt risk minimization plans
• Debt management and collection

Taking your business from a start-up to maturity inevitably has its growing pains. Outsourcing Financial Control Services to VE in India can help unite disparate processes, technology and people contributing to your success.