CFO Services

With our CFO Services in Dubai you will get the financial intelligence you need to help you increase your profit margins, cash flows, business volumes, and revenues. Growing companies often reach a point where they require a financial advisor but cannot afford a full-time chief financial officer (CFO) on staff.

Xact has the perfect solution for you. We provide outsourced or interim CFO services to SMEs and larger organizations in Dubai and elsewhere in the UAE and can be appointed as strategic partners to manage the financial aspects of your business. Our outsourced CFO service in Dubai gives you a professional financial manager who can handle everything from complex financial transactions to mundane matters like keeping track of active accounts. We will review your finances and provide you with practical advice to make your business stronger and more resilient.

Our virtual or part-time CFO services in Dubai and the rest of the country provide you with expert support at a small fraction of the cost you might spend to hire a full-time CFO on board. You will only pay a fair hourly rate or a flat rate for services rendered. We work on a flexible engagement model, where we let the client decide the scope of the services requested. Then you can increase or decrease the n. of hours necessary along the way, keeping costs low but with satisfactory results.

Outsourced CFO Services in Dubai

CFO services play a vital and strategic role in any business in Dubai and the UAE. The vibrant and stimulating business environment in the Emirates underscores the need for expert CFO services, but most entrepreneurs often try to do it on their own because they believe they cannot afford the cost of full-time CFO services in Dubai.

Xact recognizes this challenge to its businesses. Instead of having an in-house CFO, take the opportunity to engage the CFO services of an established Dubai accounting firm as a Xact to benefit from more profitable and skilled CFO services at your fingertips.

Role of a CFO

When you outsource our CFO services in UAE, you can expect to have these features available:

• The outsourced CFO can administer the financial functions of the company. This includes establishing proper accounting and bookkeeping practices setting up metrics to monitor company performance financial strategy development and setting up control systems.
• Virtual CFOs can be a valuable component of the planning team. An insight into the financial implications of proposed actions adds to successful planning.
• A virtual CFO can implement strategies for managing taxes and regulatory compliance.
• Outsourcing CFOs will give your company access to a team of risk management professionals with proposals intended to mitigate your risk profile. These professionals can monitor legal issues to keep company compliance up to date.
• Basic accounting functions can be monitored by your virtual CFO. The CFO team can monitor and forecast cash balances and even arrange for equity and debt financing.
• With experience and established relationships with local banking institutions an outsourced CFO can represent the company’s interests with banks and investors.
• An outsourced CFO can manage statutory requirements such as annual audits and financial reports to assure compliance.

When do you need CFO Services?

• Businesses are distracted from income-generating activities by financial and administrative matters.
• Investors require greater professionalism in managing the financial aspects of the business.
• The business is ready to expand. You don’t have the in-house expertise to prepare and present your case to potential investors.
• The company is experiencing exceptionally difficult times, requiring assistance in evaluating strategic options and discussing financing options with new or existing partners.
• Financial systems, processes, and controls are insufficient, or the company cannot manage tax planning
• They require better and faster financial information for decision-making, reporting to investors, and compliance with regulatory requirements.
• They don’t feel confident enough about the future of their corporate finances.
• When they’re making new products, generating new offerings, planning to attract a different market, or partnering with a different company.
• But very few businesses realize this and only resort to financial discipline and structured management as a Disaster

• The recovery Plan is mainly due to worry about costs.
• Unfortunately, the actions are becoming less effective, more expensive, and more often too late to refurbish/ recover and are leading to the shutdown.
• This is happening even if the market for the product or service is still good.

Why Businesses in UAE need CFO Services?

• They are distracted from income-generating activities by financial and administrative matters.
• Investors require greater professionalism in managing the financial aspects of the business.
• The business is ready to expand. You don’t have the in-house expertise to prepare and present your case to potential investors.
• The company is experiencing exceptionally difficult times, requiring assistance in evaluating strategic options and discussing financing options with new or existing partners.
• Financial systems, processes, and controls are insufficient, or the company cannot manage tax planning
• They require better and faster financial information for decision-making, reporting to investors, and compliance with regulatory requirements.
• They don’t feel confident enough about the future of their corporate finances.
• When they’re making new products, generating new offerings, planning to attract a different market, or partnering with a different company.

CFO Services for Small Businesses in UAE

Small organizations (and especially start-ups) also need good financial management. These companies rarely have the resources to hire a fully qualified financial officer, although proper financial management is required. Often the main owner takes on the roles of CFO, CEO, and many other roles. Too often, the owner / CEO reaches a point where financial management takes too much time away from basic business activities. Growing a business requires constant effort to find new customers, maintain existing relationships and customers, hire staff, and much more. Recent business practice is to use the services of a CFO on a part-time basis.

Many financial services organizations have embraced the idea of outsourcing to the CFO and now provide those services to their clients. For the client company, the benefits of virtual CFO services are substantial. Freeing senior management from financial functions is just one of the benefits. A qualified financial contractor or a team of experienced financial professionals can ensure that the company meets all legal requirements for record-keeping and reporting.

This is especially important for start-ups where the main focus is on business growth. Financial regulations are sometimes overlooked in the flurry of start-up activity. Xact Auditing have extensive knowledge on CFO services in Dubai and ensure fast-growing business with start-ups and multinationals. We provide one of the best Outsourced CFO services in UAE with years of experience and reliability!