Fingro offers the following services to its clients :
Virtual Chief Financial Officer (CFO):
The virtual CFO space is fast becoming a highly attractive proposition for early stage businesses. Most early stage firms cannot afford a full time person to manage all of the company’s financial affairs, and in addition, do not require full time services given the lower volumes of activity typically associated with such entities. Fingro specialises in providing a virtual CFO on a casual or part time basis across many businesses to manage their financial affairs at limited cost, thus “freeing up” owners and founders to focus on the core operational running of the business. The role entails the management of all the entitys financial and corporate governance affairs from basic bookkeeping, to accounting, taxation, quarterly BAS reporting, annual accounts, cashflow management and budget formation, financial modelling, etc.
Research and Development (R&D) Tax Incentive
The R&D Tax Incentive is a targeted, generous and easy to access entitlement program that helps businesses offset some of the costs of doing R&D. It is a broad-based entitlement program open to firms of all sizes in all sectors who are conducting eligible R&D. It provides generous support for businesses, especially small and medium-sized firms, in the form of refundable tax offsets, or considerably reduced tax liabilities. Fingro specializes in the assessment, co-ordination and application of the R&D Tax Incentive to maximum the cashflow entitlements for its clients whilst ensuring that the R&D activities are fully compliant and fall within the R&D definitions, guidelines and eligibility criteria.
Fingro provides the following services;
– Assessing and analysing the clients business for eligibility
– Preparation of R&D registration of activities
– Assisting the client to prepare its R&D plan
– Working with the client to assess its financials and calculate eligible R&D expenditures
– Preparation of the R&D Tax Incentive Schedule and lodgment of the claim
Financial Modeling Services for business valuation and fund raising
One of the biggest gaps that early stage businesses face when they present a business plan to potential investors, acquisitors, or partners is the existence of a robust and defensible set of financial assumptions about projected revenues and costings. Without such information, the business is subject to scrutiny and criticism regarding the validity of its projected financial forecasts, its profitability and ultimately, its business valuation. This can often lead to a loss of investors, business partners, or acquisitions, for businesses that have great potential, but let themselves down in the way they present their business. Fingro creates customized financial models for its clients using simple-to-use excel spreadsheets enabling their financial projections and assumptions to be professionally represented as well as providing a market accepted business valuation methodology. The financial models are easy to use and are built with 100% dynamic capability meaning that financial inputs can be adjusted at any time, with automatic updates flowing through to all financial outputs.
Outsourced Treasury Services
The need for financial risk management and treasury services is often essential for established firms with exposure to interest rate risk, liquidity risk or foreign exchange risk. Whilst these skill sets are highly specialized, Fingro can offer experienced corporate treasury services at affordable rates for firms that too small to establish internal treasury departments, yet large enough to warrant the services of an experienced treasurer who can manage the following;
– Investment of surplus cashflows in money markets and various financial securities
– The management of interest rate risk and foreign exchange risk by dealing in as series of financial instruments to hedge against unfavorable movement s in these variables
– Credit risk
– Cashflow management
