New Delhi December 23, 2013: Alamak Capital, one of the boutique financial advisory firm focusing on Equity, Debt, M&A and Advisory introduces “Virtual CFO Services” for Start Ups, SME’s and SMB’s.
The role and responsibility of a CFO is something that is necessary in any organization whether large or small, but the cost to afford a CFO is very high. The Start Up and SME market in India is drastically growing and in order to cater to their expectations, Alamak Capital has introduced “Virtual CFO Services“.
Though the concept of Virtual CFO is only a few years old, but its effective understanding and execution has gaining some momentum. A Virtual CFO is an outsourced service whose USP involves round the clock accessibility, resource mobilisation and providing affordable professional service to the entrepreneurial ecosystem.
The drastic economic slowdown which is experienced across sectors and industries has put the companies into a skeptical situation, so as to how to overcome it. Alamak who has an advantage of industry veterans who served large companies in diverse industries with a collective experience of over 150 years has introduced the concept of Virtual CFOs to fight this slowdown.
The need and importance of Virtual CFOs is rising. Alamak Capital offers these services at an affordable cost and provides definite solutions to its clients. Currently, Alamak’s team is engaged with clients as Virtual CFO in industries as diverse as real estate, travel and tours, Iron and steel, food processing and education with turnover ranging from 25 crore to 1,500 crore.
Mr. Rajesh Mittal Founder & Managing Director, Alamak Capital says “While embarking on this journey, we noticed that the clients have a tendency to outsource repetitive business processes; while ignore the value added and strategic aspects of the finance function. It is this strategic aspect which helps in more value creation than mere outsourcing of certain processes which result in limited cost saving. Alamak stated that while offering this service they encounter gaps in the organisational structure of the client and instead of handling those gaps on its own; encourages the client to recruit for the vacancies. Thus, Alamak continues to focus on high value added activities and build value.” CCI Newswire
