A virtual CFO for your regional Asia business can be far more cost efficient than sending an executive from your own organization to lead your strategic financial operations. Yet, doing so also provides local expertise which can guide your firm through its growth phases – from early growth, through challenges and transformation, to restructuring and optimizing profit strategies. This may be of particular value during an interim or transition period, or as a stage in your company’s development.
A Virtual CFO (vCFO) also provides your organization with expertise more robust and dynamic than an internal hire. Backed by teams of multi-disciplinary service experts, you gain through the vCFO, ready access to experts in the areas of law, human resources, payroll, technology and other disciplines.
A Dezan Shira & Associates vCFO has the capability to provide comprehensive support that exceeds that of even larger accounting firms. Our ‘blended services operating model’ enables smooth intra-team collaboration on projects. This ensures that our clients receive practical cross-disciplinary corporate services, to meet their changing needs.
More concretely, this capability can provide rapid access to performing legal contract reviews, gaining advice on HR law, revising employment policies to adapt to recent regulatory changes, or presenting options for corporate restructuring, profit repatriation, auditing, improved IT infrastructure, and more.
Temporary or outsourced CFOs and CHRO’s can take more practical and unbiased views of potential impact to your company and provide guidance to or complement your in-house teams. An external advisor or manager can be more objective when looking at which solutions to implement in different situations. It can sometimes be particularly difficult for local internal teams to remain unbiased when monetary, contract, and relationship factors conflict, or do not align, with the profit and compliance strategies that are optimal for your organization.