Businesses in UAE is growing at a very rapid rate and it has started to show its economic stability in International market. Sustainability of business-levels is a challenge. This has lead to the need for a Chief Financial Officer (CFO) for every small and mid scale business who will navigate it in the right direction, will advise timely corrective actions and assist in not getting trapped in wrong financial decisions.
Many times the business owners/entrepreneurs don’t realize the loss incurred when there is a huge data involved in the business. The Effective reports generated and their analysis by CFO’s will help the business owners to have a clear idea of their obligations and future optimum course of action.
The CFO is responsible for analyzing the current market strategies & also performs accurate processing of financial information with the help of his structured approach. It is best suited for businesses that evolve on a rapid growth. CFO will be able to interpret the future finances and risks associated, backup and recovery plan, ensuring availability of working capital for operations form banks and likewise, arrange long-term-capital and target acquisitions, merging of business and many similar activities. He will inculcate financial discipline in the business .