CFO Services in Dubai UAE

CFO Services in Dubai UAE

CFO Services in Dubai

A Chief Financial Management Officer (CFO) is an integral component of any business establishment. The CFO oversees financial reporting, accounting, auditing and other finance related matters. In fact, CFO is the backbone of any establishment. With his acumen and intelligent decisions, he takes the business to the next level. But you can hire a virtual CFO, as Aimstorm VAT Accounting is a prominent CFO service provider in UAE. Many businesses are outsourcing their CFO needs owing to multiple benefits.Outsourced CFO services save you money. When you hire an in-house CFO, it’s just not his/her six figure salary, but you need to invest in their benefits, and work-related resources. And when you outsource the service, you need to pay just the decided monthly rent.
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Hiring an in-house CFO puts a financial strain on your business. By renting CFO, you’re able to save that money and invest where it is needed the most. We know that employees in any company wears a lot of hats, the in-house CFO ends up spending time doing task that are not essentially related to the financial goals. Hence, the CFO is not truely focussing on financial related tasks, when necessary and this proves to be disastrous for the companies. And when you outsource the service, the financial matters are dealt with firmly. The outsourced company handles the financial data as the virtual CFO is not pulled in other tasks or the projects. And third party financial management means better control, and check on fraudulent activities. The regular CFO works with the office team, and they collaborate on various projects and help out each other, when needed. Due to strong bonding, the data, financial situations and passwords could be shared.
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Virtual CFO

And even if it’s not shared, the risk of other employees having access to confidential statements is considerably higher. With virtual CFO, the companies have better control over the financial matters. Virtual CFO guarantees data integrity and the adequate security to the confidential statements. Outsourced CFO is also able to provide comparatively much better internal control as he has no ’horse in the race’ to speak. If a company decides to go through any important transactions like merger, an in-house CFO may find it difficult to handle such situation. And it is not because, he isn’t capable but he has never experienced such a situation before. The outsourced CFO service provider company has a wealth of knowledge and experience. Such company could handle the tasks like paying your bills, processing your payroll, cash flow forecasting, budgeting, profitability analysis and accounting system designing and its thorough implementation.

Reliable & safe

Financial Regulation

Licensed by the Cyprus Securities and Exchange Commission under licence number 138/11 in accordance with the Markets in Financial Instruments Directive.

Insured Client Funds

We are a proud member of the Investor Compensation Fund which acts as a guarantor of last resort for our investors. IFC covers the maximum amount of 20.000 EUR for MiFID clients.

Segregated Accounts

Investor’s money is kept in segregated accounts with top-tier banks that cannot be claimed by creditors or used by us. Account base currencies are available in EUR, GBP, USD, CHF and JPY.

Negative Balance Protection

Through the use of an automated transaction monitoring and risk management system, a Consulting WP client’s account will never be allowed to reach negative balance.

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