Achieve your financial goals
Unlock your financial potential by exploring undiscovered opportunities and implementing strategic planning, allowing you to optimize growth and attain financial success.
Consulting
The Consulting Practice of Daksh is primarily focused at offering Small and Medium Enterprises (SMEs) a full suite of financial services which will support and strengthen their business operations and facilitate their rapid growth.
There is a paradigm shift in business vision of the entrepreneur driven SMEs. From being Once an SME Always an SME mindset and surviving on government handouts, subsidies and waivers, there is a new found vision of rapid growth driven by the entrepreneur’s passion for business.The last decade has shown that with knowledge, acumen and enterprise an SME can become a large successful organization, which creates huge value for all its stakeholders, promoters, investors, employees, community etc.
But often a successful entrepreneur’s vision for his company is sabotaged because of absence or shortage of critical resource commonly known as Managerial bandwidth. Entrepreneur often wishes he had a strong capable team who shares his zeal and responsibilities to establish excellence in different areas of operations and solve the myriad issues that emerge during an organization’s growth.
In its Consulting Practice, Daksh has partnered with RCS Advisors to ensure comprehensive and exceptional services to its clients.
Outsourced CFO
The Outsourced CFO service is essentially created just for SMEs run by entrepreneurs passionate about their business, who wish to grow rapidly but in the current market scenario are unable to find people who share their passion for organization building. The Outsourced CFO brings his expertise, knowledge and experience to partner the entrepreneur.
My Company already has a CA? How is a CFO different?
A professional CA provides the crucial services of audit, direct and indirect tax advice, certification and review of regulatory compliance. He often goes as far as actually providing services such as accounting, filing returns, managing regulatory compliances etc on behalf of the organization.
However the CFO steps in to fill in the critical GAP in the management team. He partners with the entrepreneur to:
Shape organization’s vision and determine a roadmap based on that vision
Develop business blueprint and convert it into business plans and budgets which define targets that are easily understood
Helps communicate the targets to all the teams and stakeholders of the organization
Builds a finance function and capability to efficiently capture, collate, analyze and present data to support decision making and operations
Facilitate informed decision making by running analytical tools such as scenario analysis, what if analysis, cost benefit analysis etc.
Put in mechanisms to ensure smooth reporting to different stakeholders
Put in and manage a structure for Corporate Governance
A CFO comes with an experience and wealth of knowledge and an ability to work in partnership with the entrepreneur, to determine strategies and take execution responsibilities. A CA does none of this because of the very nature of his service offerings and engagement. Neither can replace the other.
Why Outsourced CFO?
Because hiring a CFO is often not an option:
good talent is scarce
good CFOs are expensive
If there is not enough interesting work for the CFO, retention becomes an issue.
If there is not enough work then why hire a full time CFO?
An Outsourced CFO is a model based on concept of Pay As You Use. It is aimed at SMEs who need a CFO but want to limit their costs.
Why Daksh?
Daksh has experienced resources who have worked as a CFO in large organizations and who understand the requirements of the business from its CFO. They have also experienced working in complex organizations as part of cross functional teams to scale up businesses rapidly.
The Outsourced CFO from Daksh has a hands on approach to business and shares the entrepreneur’s passion for building a successful organisation. He is proactive in anticipating changes to business environment and finding solutions to business problems. He provides all that is asked of a CFO without being a burden on the business. He is paid for his time but his real reward is seeing the entrepreneur’s dream taking shape.
The Outsourced CFO from Daksh also assists the entrepreneur in identifying gaps in other areas of business.
Fund Syndication
Daksh works with its clients to identify funding needs based on their business plans and then determines suitable funding strategy.
It then assists its clients to raise funds from diverse sources in the most cost-effective manner.
The sources for funds are banks, financial institutions, HNIs, private equity funds, etc. The type of fund is as diverse as debt, equity, hybrid etc, while the mode is corporate debt, NCDs, preference shares, equity shares etc
Depending on the mandate, Our services include assistance in preparing financial projections, project report, loan applications, investor memorandum, assisting clients in structuring their business, approaching funding agencies, guiding clients through the due diligence process, and completing post sanction disbursement formalities.
We also assist our clients in deploying funds as per the business plan and monitoring progress in the use of funds.
Daksh works closely with RCS Advisors in delivering Fund Syndication services to its clients.