MyCFO India Case Study On VIrtual Race

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MyCFO India Case Study On VIrtual Race
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Client
MyCFO plays the role of a full fledged CFO. MyCFO
got involved at a pre revenue stage to assist
the promoters to monetize the business concept.
Being a full blown CFO role, MyCFO also is
involved in assisting the company in defining the
key metrics to measure business performance,
preparation of MIS.
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Client
Communication with the investors, negotiations
with vendors, thinking through price points and
customer profitability, involvement in getting
the website operational, thinking through modes
of distribution and logistics including tax, cash
flow and profit impact and drafting employment
letters and salary structures for new recruits.
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How The Client Benefited
MyCFOs role extends beyond the role that a full
time CFO would have handled. Considering the
range of activities that Virtualrace had to get
done, MyCFO provided the client support on
Commercial, Financial, Accounting and Operational
support.
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How The Client Benefited
We are a Business Partner, not a Service
Provider. MyCFO also plays an active role in
providing periodic reports (not just accounting)
to the investors and promoters which has provided
visibility into the business performance. Our
involvement on negotiations has helped the
company to reduce costs by 30. The payback on
MyCFOs annual fees has been less than 3 months
for Virtualrace.
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Read More On This Blog
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