Aristotle Consultancy offers the following advantages for its clients’:
i) Cost saving: Small companies do not have the necessary scale to afford the services of full time CFO and legal departments. Due to this, in most of the startups and SMEs, the role of CFO is performed by the CEO himself along with untrained resources. Similarly, small companies do not have any internal resources for legal advice. We provide the same breadth and quality of Virtual CFO services by professionals at a fraction of the cost of having a full time CFO or Legal Department.
ii) Focus on core-business: Given Indian cultural context and working style, the CEO has to get a lot of work done by the seat of their pants. He is forced to play multiple operational roles and get involved in petty issues. The attention and time this demands sacrifices from the CEO s time which could be dedicated to the company’s important but seemingly not urgent goals like strategy, entering new markets and streamlining processes. The CEO finds it especially difficult to manage organized growth of the company in the complex and fast-changing contemporary business environment. Afterall, time is the most critical and constrained resource in a company. By outsourcing two important but non-core departments to us, the CEO can rest easy and focus on their core areas.
iii) Systematic growth: Financial and legal departments, if ignored, may cause problems such as expensive litigation and unsystematic working with no checks and processes in place. This leads to further firefighting, squandering of resources and shift of focus from the core business of the company. We help set up processes and controls which provides a framework for the companies smooth growth.
iv) Flexibility: In a new setup, it is difficult to estimate human resource requirement. Growth of business is hard to predict and the cost of understaffing and overstaffing can be very high, apart from the cost incurred to hire talent. We maintain a bench strength of resources and mobilize resources quickly based on clients requirement.
v) One-stop financial and legal solution: Finance and legal domains interact in certain domains e.g. Tax Compliances, Company Secretarial Services, Payroll Services etc. Each department offers a solution tailored to their needs rather than the company’s overall needs. We offer a holistically optimal solution as our services are under one roof. Further, we have the expertise to facilitate and advise the client on the fund raising process.
vi) Work as partners: Finance and legal outsourcing firms typically work at arms-length with the client. Our approach, however, is to work very closely with the client as partners in their growth story.