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CDA Services

Chief Financial Officer Services

One of the prime issues that hold your business from progressing the way you want is its financial management. CFO services in Dubai help you understand your business, designing granular reports that are specific to your industry and your current needs. Availing CFO services from CDA will help you understand where your biggest risks lie and opportunities are going forward, opening the road map to growth and stable financial health.

cfo services in dubai uae

Outsourced CFO Services

CFO services play a vital and strategic role in any business in Dubai and all over the UAE. The lively and stimulating business environment in the Emirates underlines the need for expert CFO Services, but most of the business owners often try to do it themselves because they believe they cannot afford the cost of full-time CFO services in Dubai.

CDA recognizes this challenge of your businesses. Instead of having an in-house CFO, get the opportunity of having outsourced CFO services from an established accounting firm in Dubai like CDA to benefit more cost-effective and qualified CFO services at your doorstep.

CDA for CFO Services In Dubai 

  • Frame Business strategy and Action Plans
  • Accelerate their Implementation
  • Prepare Annual Budgets and Performance Management Discipline
  • Prepare MIS reports as per the management requirements for making the decision-making process easier
  • Prepare and implement proper cash flow policy
  • Setting up of internal control procedures to enhance the efficiency and productivity of each department. 
  • Timely management information to improve decision-making
  • Create budgetary control measures
  • Enhance financial discipline in Working Capital Management
  • Better understanding of your business finances and cash flow
  • Professional guidance for your business planning and forecasting
  • Review contracts and ensure that the terms and conditions are made beneficial for the organization.
  • Budget preparation & monitoring
  • Training and support for your accounting staff
  • Set up and handle insurance revisions and reduce the risk of unexpected loss in future
  • Cooperation and negotiation with bankers, attorneys, and other business associates
  • Enhance the debt collection and proper management of cash flow.

Responsibilities of a CFO In Dubai

A Chief Financial Officer is mainly responsible for managing the day-to-day business activities related to the finance, accounting, and tax aspects, etc. An efficient CFO will be strategic, progressive, and constantly predicting future cash flows and financial performances. The forward-looking services of a CFO help to identify and address the requirements of resources and financial aspects well in advance to give a positive turn for your business. A CFO has to function the following responsibilities in the company:

  • Manages the cash flow of the company
  • Plans and manages the financial actions of the company’s performance
  • Analyzes the financial strengths and weaknesses of the company
  • Proposes corrective measures for the improvement of the company
  • Ensures the record-keeping of the company as per the legal and regulatory requirements by the UAE Federal Laws and Accounting Standards
  • Helps the CEO in decision making
  • CFO is always the focal point for all finance-related action

How CDA CFO services bring added values to your company?

Our CFO services will uncover ideas and means to improve the cash flow and profitability of your organisation. The professional CFO consultants of CDA are competent in analysing financial strategies, controlling costs, improving the productivity of your business.

a) CDA helps to develop the company more swiftly: 

We scrutinize the prevailing financial position of the company and the market trends also. This enhances the financial strategies and enlivens the cash flow and turnover of the company. At the same time, we keep a cap on the price tag. Our analytical reports and custom-made financial reports help the management to identify the bottleneck areas and take corrective measures.

b) CDA helps to improve productivity: 

CDA helps a company to control the expenditures, improve production, and examine and suggest pricing policies. Analyzing the past and current financial reports, we implement measures to control the cost and increase the profit. With the help of the financial report, we can analyze the net income and give proper guidance for the best possible pricing plans for the products or services.

c) CDA helps to improve the cash flow:

We analyze the whole procedures and manage the cash operating cycle (COC) of the company to improve the cash flow. Thus, we can help the company advance collections, pricing, and improve the liquidity position by better credit collection from debtors and negotiated credit period from suppliers.

d) We help companies to acquire maximum advantage from the banks:

We help our clients obtain from the bank’s maximum endowment needed for their companies to grow. Since a CFO is an accountable person to handle the financial operations of the company, he or she can easily communicate with the bank in financial language. His better communication skills and confidence-building measures can boot up the cash need. 

CDA always models the finance structure of any organization which will help to increase the liquidity position. As a result, the banks will always intend to have a better relationship with such firms.

In an emerging market like Dubai and in the UAE, all companies intend to get Finance or facilities from banks. Here the CDA CFO specialists will help you to prepare the financials according to the bank requirements. 

e) We provide leadership and direction: 

We offer better ideas and display and sell the financial picture of the company whenever it is asked by the CEO. We forecast the future of the business and think strategically about the potential growth and prosperity of the company.

f) We help and guide the CEO

In addition to the finance role, a CFO acts as an efficient Chief Operating Officer, who can help and guide the CEO in decision making using the financial report.

Why choose CDA?

CDA offers the best CFO service in Dubai and all over the UAE. Our skilled and efficient professionals help you in better financial management and business strategies. Our experience and our dedication are our assets, and that makes us different from others. We value your trust on us and will ride with you to take your company to overcome the impediments and accelerate to achieve your goals and fulfil your vision.

Dubai is emerging as a global market, all the companies are with the vision of having better performance. Here, the CDA Audit becomes your best partner in finance. our CFO experts can assist you once you are stuck with decision making. CDA professionals will analyze your existing performance and will provide you with advice for the better performance in the awaited huge Investment Chance, and exploit the Investment opportunities for the visionary investors.

Besides providing CFO services in Dubai and UAE, we offer various other services such as Accounting Services, Auditing Services, Vat & Tax Consultant Services, Implementation of Accounting Software Services and Due Diligence Audit Services.

If you have any queries or need any of our services, feel good to contact us. Our expert will call you back immediately and will offer you one-hour free consultation.

                                      Frequently Asked Questions

Is it possible to outsource the complete Finance Department to the Third Party?

Yes. In the current growing and competitive economy, it would be difficult to manage the accounting activities within the company particularly for start-ups or SMEs. These businesses would not be having a finance department of its own and may need to recruit staff.

CDA serves the accounting function, where we manage all the activities in a finance department from data entry to the generation of reports at an affordable cost. Hence on outsourcing, businesses save their time and save costs of recruiting new staffs. 

Outsourcing the finance function helps to improve the productivity of the economy.

What are the services included in CFO services?

CFO services provide the following expertise:

  • Overseeing and designing the accounting procedures, systems and controls.
  • Training and supporting the staff within the finance department.
  • Assistance on VAT
  • Preparing and monitoring the budgets and projections 
  • Regular reporting that supports businesses to make the best decisions.
  • Cash Flow analysis

What does CFO stand for in Business?

CFO stands for Chief Financial Officer.

What are the benefits of outsourced CFO services?

CFO services will help in accounting and business tasks.

Some of the benefits to highlight:

  • Save money along with experiencing the quality of work.
  • Ensures internal controls are in place.
  • Timely reporting on the financial performance
  • Managing the cash flows.
  • Develop a good team of accountants.

How does a CFO function in a small business?

CFO services offer small businesses financial expertise at an affordable rate.

Some vital services to jot down: 

  • Suggests tips that help in improving your business.
  • Preparing financial statements and interpreting them.
  • Preparing reports relevant in making decisions for your business.
  • Assists in budgeting and forecasting. 
  • Monitoring your progress against prepared budgets for any variances. 

We already have a good bookkeeper/accountant, which seems to work just fine. Why would we also need a CFO?

An outsourced CFO service would give you an independent review on the bookkeeping and accounting maintained within the finance department. This would give you the confidence to rely on the figures presented before you. 

Also, with regards to reporting, the CFO will bring all the reports that are necessary for your business. The CFO can help in more strategic decisions and implement control procedures.

Can a CFO help for bank facility?

Yes. A CFO develops a trustable relationship with the key personnel of your bank and provides all the reports and requirements required, to crack the best deals for the banking facilities.

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