cfo sourceaiteoconsulting.co.uk/wp-content/uploads/2016/09/cfo... · 2016-09-26 · enterprise cfo...

CFO SOURCEOUTSOURCED CFO & FINANCE FUNCTION

AITEO ¦ Confidence In Our Promise ¦ AITEO

PRESENTATIONAGENDA

Who We Are

Our Service

Follow Up

Our Proposal

CFO advisory services to startup and growth businesses in Tech & FinTech

WHOWE ARE

AITEO CONSULTING

WHO WE AREWe work with start-ups and growth businesses in Tech & FinTech

Aiteo Consulting is led by Jonathan Smith, a qualified

chartered management accountant who has spent over

20 years working in FINANCIAL SERVICES having

supported TECHNOLOGY strategy and delivery at large

retail banks and clearing houses.

By focusing on lean accounting techniques, intelligent use of financial data

and a lifetime of experience in technology and financial services, Aiteo

Consulting provides a premium service to business, partnering with you to

get the most out of your financial data.

At Our Shared Offices in Kent

Aiteo is ancient Greek meaning to ask or to demand what is due. You

should fully expect to receive what you have asked for, having confidence

that we will deliver on our promise.

5AITEO CONSULTING CFO & FINANCE FUNCTION

CUSTOMER TESTIMONIALSJust a selection of quotes from satisfied customers

… Aiteo Consulting did a fantastic job

[during our fundraising round] and we

were super pleased with the work and

cost!

DAVID MURRAY-HUNDLEY

Early stage to Scale Investor,

NED, Advisor

… Jonathan can always be relied upon

to produce high quality work within

demanding timescales and will always

go the extra mile and do whatever it

takes to get the job done to a high

standard…

JEFFREY HUGHES

Group CFO, LCH.Clearnet

… the knowledge and advice on sources

and methods of fundraising were

invaluable in guiding us through a

successful fundraising round…

ANDREW GARTH

Chairman, Retouch3D

CFO services to startup and growth businesses in Tech & FinTech

OUR SERVICE

AITEO CONSULTING CFO & FINANCE FUNCTION 7

OUR SERVICEOur ‘virtual CFO’ service can be tailored to meet your accounting, finance and advisory requirements

ADVISORY

Access to funding, scaling up and

strategic delivery

FINANCE

Identify business improvements

based on real-time insights

We focus on the numbers so that

you can focus on your business

ACCOUNTING


ACCOUNTING SERVICEWe focus on the numbers so that you can focus on your business

Your financial information, in real time,

available anywhere, delivered by secure,

world-class cloud accounting platforms

CLOUD ACCOUNTING LEAN PROCESS COMPLIANCE

Paper-free accounts payable and expenses,

automated from purchase to payment

approval

Statutory accounts, VAT filings, corporation

tax. HMRC compliant record keeping in the

cloud


FINANCE SERVICEIdentify business improvements based on real-time insights

Professional accounting and finance support

available when you need it

FINANCE PARTNER INSIGHT CASHFLOW

No more spreadsheets. Key indicators and

alerts tailored to your business through live

dashboard reporting

Be the master of your debtors and gain

access to rapid short-term financing


ADVISORY SERVICEAccess to funding, scaling up and strategic delivery

A scalable finance service that can grow with

your business

SCALE GROWTH RESILIENCE

Support for your growth plans, fund raising

rounds and development of robust and

defensible business plans

Develop internal finance process and

infrastructure which is fit for purpose

CFO advisory services to startup and growth businesses in Tech & FinTech

OUR PROPOSAL

12AITEO CONSULTING CFO & FINANCE FUNCTION

ENTERPRISE CFOOur full ‘virtual CFO’ service and finance function

Enterprise CFO provides your business with a fully qualified CFO, along with a fully-outsourced finance

function, to allow you to focus on your business transition from start-up to sustainable business. We

provide a relationship-based platform for growth.

SERVICE INCLUDES:

Fully outsourced cloud

accounting and book-

keeping; corporation tax

returns and statutory

accounts.

ACCOUNTING

CoSec services, with

flexibility to bolt on business

and financial planning,

fundraising and other expert

support services.

ADVISORY

Accounting dashboard

gives current performance

at your fingertips.

Quarterly management

accounts.

FINANCE

Reviewing your accounting and performance

dashboard couldn’t be easier


KEY SERVICE AREASOur proposal includes the following service areas

Optional service to address any outstanding points from

previous financial year(s) and complete filings

PRIOR YEAR CLOSEDOWN

Client onboarding and set-up of finance function arrangementsfor current financial year

CURRENT YEAR ONBOARDING

Ongoing delivery of fully outsourced finance function

CURRENT YEAR ACCOUNTING

Quarterly management accounts and insights, plus optional

additional CFO services as required

CURRENT YEAR FINANCE & ADVISORY

Core and enhanced company secretarial services

COMPANY SECRETARIAL5

1

3

4

2


PRIOR YEAR CLOSEDOWNOptional completion of outstanding prior year compliance requirements including statutory accounts and tax

31

42

Preparation of corporation tax return

for director approval and filing

CORPORATION TAXCarry out analytical review of prior year accounts

including turnover, operating costs, capital

restructuring, balance sheet reconciliations

REVIEW

Closing accounting adjustments as required

Preparation of prior year (FY) statutory accounts to required

minimum format (micro-entity)

Review, sign-off by director and filing

STATUTORY ACCOUNTS

1


CURRENT YEAR ONBOARDINGClient onboarding and set-up of finance function arrangements

31

42

Set up and agree SLAs for key

processes and agree referral and

escalation procedures

PROCESS

Analytical review of current year

accounts to date

Accounting implications and

adjustments as required

Review shareholder agreements and

special conditions / arrangements

REVIEW

Set up client bank account if required

for managing payments

Agree authority levels and

accountability

PAYMENTS

Set up or switch Ledger & Book-

keeping platforms to Aiteo and

implement workflows as required

Set up access to company email &

comms channels within practice

PLATFORM

2


CURRENT YEAR ACCOUNTINGOngoing delivery of fully outsourced finance function

31 5

42

Carry out monthly bank reconciliations

Arrange for payments via Aiteo

practice client account

BANK CONTROL

Oversee booking, approval and

payment of invoices:

Contract staff; payroll; office;

marketing; other expenses

ACCOUNTS PAYABLE

Oversee debtor listings and follow up

for payment where relevant

ACCOUNTS RECEIVABLE

Preparation of current year’s statutory

accounts to required minimum format

(micro-entity)

Review, sign-off by director and filing

Preparation of corporation tax return,

for director approval; filing

COMPLIANCE

Prepare accounting for quarterly VAT

filings (VAT scheme to be confirmed by

client)

VAT FILINGS

3


CURRENT YEAR FINANCE & ADVISORYQuarterly management accounts and insights, plus optional additional CFO services as required

31 5

42

Additional analysis & ad-hoc queries

Special reporting for investors and/or

stakeholders

AD-HOC REPORTING

Preparation of regular management

accounts, to include

One page commentary; KPI page;

cashflow ; income statement ; financial

position statement

MANAGEMENT ACCOUNTS

Budgeting & variance reporting

Cost & project tracking, including

timesheet tracking & review where

required

INSIGHT

Preparation of financial plans, models

and scenarios

Development of pitch decks

Angel / VC meetings support

PLANNING & FUNDRAISING

4


COMPANY SECRETARIALCore and enhanced company secretarial services

31 4

42

Prepare agenda and minutes for

company statutory meetings as

required

AGENDA

Maintain the company's statutory

registers on our platform

Routine filing of changes to company

officer details

MAINTENANCE

Compile, review and file company

confirmation statements at Companies

House

ANNUAL REPORTING

Prepare paperwork needed to issue

and allot new shares in the company or

deal with share transfers

Advice on or changes to the company's

memorandum and/or articles of

association;

Changes to the company's share capital

ENHANCED SERVICES

5

FOLLOW UP

Downs Suite, Barham Court, Teston, Kent, ME18 5BZ, UK

+44 (0) 20 7846 0151

[email protected]

Contact us:

facebook.com/aiteoconsulting

@AiteoConsulting

www.aiteoconsulting.co.uk

Follow us on:

Looking to talk further? Set up an exploratory video call.

WWW.AITEOCONSULTING.CO.UK/BOOKINGS

http://www.aiteoconsulting.co.uk/bookings

cfo sourceaiteoconsulting.co.uk/wp-content/uploads/2016/09/cfo... · 2016-09-26 · enterprise cfo...

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