Expert Outsourced CFO services in Singapore

Xerosoft recommends the following top ten financial management tips for small businesses. We believe it is critical that you devote time to implementing each of these, or seek assistance if you do not have the time.

Ask yourself these ten questions and seek assistance if you believe Xerosoft CFO Services can help you build a sustainable business:

Do you schedule time each month to thoroughly update, review, and comprehend your financial performance?

Do you fully comprehend your financial statements and understand how to use them to assess your financial performance and position?

Do you use financial analysis software to bring your numbers to life and assist you with budgeting and forecasting?

Do you have a handle on your current and future cash inflows and outflows, so you're never caught off guard and have enough cash to fuel your business plans?

Do you have a financial target/ budget framework in place that aligns with your business goals and defines your plan to grow? 

Do you have a financial forecast in place to anticipate and plan for problems, as well as to ensure your cash position is adequate to support your short-term plans?

Do you regularly review your expenses and pricing to ensure you're making the most of your money?

Are you devoting too much time to non-core business activities such as bookkeeping and financial analysis, distracting you from the activities that will generate the most revenue?

Do you believe you require assistance in improving your financial literacy and financial management so that you can confidently engage with your stakeholders and ensure the future success of your business?

A full-time CFO is an expensive and ineffective investment for a growing business. In Singapore, the average CFO salary is S$220k per year! Accessing dedicated finance support on a monthly or quarterly basis is a cost-effective way to bring financial expertise into your business at a reasonable price. Co A's CFO services packages begin at S$600 per month.

Depending on your package, you'll have an hour of consultation with your CFO on a monthly or quarterly basis. The agenda will be mutually agreed upon based on what assistance you require and what your CFO considers important focus areas. You can always increase the frequency of engagements or pay for a one-time additional engagement when the need arises. You'll also receive 2 hours of associated work/emails per month/quarter, which will cover small one-time requests or questions.