- Will specialize in CFO, Accounting Services and
Funding for SMEs and Startups
Faustus Advisory, financial services firm
dedicated to supporting SMEs and start-ups, announced today that it has
finalized formation and is now offering cost-effective, tailored, financial
solutions. Faustus Advisory’s mission is to help start-ups and SMEs with the
financial support they need to be successful at difficult time with long term
vision. The company ensures that the organisation can have
the trusted support of fully qualified CFO right from
inception. The CFO provides capabilities to the SMEs that the
standard combination of Accounts personnel and Chartered Accountant is
unable to deliver, thus fast-tracking growth.
Traditionally,
when faced with a challenge, business owners take the help of consultants.
There is a common link between challenges faced by business and a patient
fighting with disease, both search for a solution when it has reached its
climax and they miss out on the stronger body benefits of “Prevention is better
than cure”.Faustus Advisory researched and interacted
with hundreds of entrepreneurs, and the key insights gleamed was
that more than 90% of businesses face risk of survival within four years
from commencement.
VC funding is another critical area
that Faustus Advisory enables clients with outsource CFO
service. The CFO enables the right financial matrices which
helps them feel more assured about investing in the Start-up at the
right valuation. The preparation of financial matrices starts much before
the presentation stage.
They start from the beginning:
· By
controlling bad debts and outstanding
· By
creating contracts that are litigation free
· By
creating businesses practices for healthy cash flow
· By
creating unit margins that are VC attractive
· By
structuring employee and labour agreements for win-win
· By
ensuring employee stock-options that attract best talent at low equity
cost
· By
ensuring compliances done properly at right time
· and
the list is endless
NPA finance & Stressed
funding (Rehabilitation of sick units, modification of repayment schedule,
conversion of debt to equity etc) is another area which has come into bigger
focus with the COVID-19 economic crisis. This is a complex exercise requiring
the highest level of financial acumen. Faustus Advisory enables organisations
to avail the maximum benefit of government schemes.
In addition, as an
outsources CFO firm Faustus Advisory (https://faustusadvisory.com/) enables
clients with benefits that even a full-time CFO would not be able
to match.
These include:
· Continuity
of trust with no risk of CFO exit
· Economic cost
in line with the size of business
· Support
staff to deliver allied services
Faustus brings a strong team of experienced,
competent, skilled and proactive professionals from industry. The organization
specialises on industry segments focusing more on quality of service by
emphasizing on meeting the business needs of entrepreneur. The organisation
thus brings to start-ups and SMEs rigour and expertise on par with the big four
at budgets that are affordable to a start-up.
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