Financial Management Services

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Chief Financial Officer plays a pivotal role in the success of any business. Every new business owner would love to hire a seasoned CFO to run their finance division to help develop the business, manage cash flows and improve the bottom line. The reality, however, is that CFOs are expensive and usually not in the initial budget. 

Avance has the expertise to provide the services of a CFO until the business is ready to hire the right person. We will work with you in evaluating your strategy, and creating solutions, that will maximize profits both in the short term and set you up for the future. We will also help set up systems so you are able to track the progress and measure it against the targets. We will provide you with the required financial statements, regulatory filing, and analysis for potential growth and improvement. 

As your business grows, our CFO services can be significant in providing services like mergers, and acquisitions, improving performance, and building leadership within your organization. Our seasoned executives have been through many such challenges and have answers to many issues that are holding your firm back.

We all know that due diligence is a step in the right direction to ensure a sound investment resulting in profitable returns; however, there are many different ways to approach due diligence. Through our extensive knowledge of alternative investments, we can offer due diligence advice on various funds and means of investment. Some of the items that we will review include:

• Controls and processes
• Use and security of assets/capital
• Provide controls to limit and remove risks of fraud and irregularities
• Compliance with jurisdictions for operations
• Liquidity mechanisms
• Review financial record-keeping and tax-related procedures and treatment
• Reasonability of past performance and future projection

Performance Management Analytics

Is your firm feeling the effects of the financial crunch, or is it unable to reach its full potential due to other drag factors? Avance can help by :

• reviewing your major business processes
• identifying the areas of weaknesses, risks, bottlenecks, and leakages
• suggest new and different ways of performing daily tasks and activities so that your firm's processes are more efficient, cost-effective, and hence more profitable, proposing 'best practices' from our vast experience and identifying components in your value chain that need improvement. We will show you how you can more effectively utilize your resources and keep your staff challenged.

Performance Management Scorecards

All successful organizations are dependent upon an active Management Information System (MIS), Reports, and dashboards from such system(s), or data, leading to informed business decisions promptly. Dashboards will give you all the essential KPIs and results at the click of a button, updated as often as you like. It is imperative to review such systems regularly. Business conditions, rules and procedures keep changing, requiring effecting such changes to your MIS master-data package to ensure that all systems are up to date, and weaknesses and risks have been identified and mitigated, without any risk of public exposure.

Avance can assist in developing the right Financial modelling scenarios, 'Key Performance Indicators (KPIs), or key success indicators for your business to make such decision-making processes easy. We can set up the right tools for you; it can be any of these - from Balanced Scorecard and Strategy Maps to evaluate various processes, procedures, employees, and other significant processes. These results will let you find issues at lower levels for a more effective root-cause analysis and consequent remedial measures.