Page 18 - 10 Most Promising Virtual CFO Service Providers 2020
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10
                                                       ARIA                                                 Promising
                                                                                                            Most
                                                                                                            Virtual
                                                      CFO SERVICES                                          CFO
                                                                                                            Service
                                                                                                            Providers
                                                                                                            2020


           Aim to free the Founders and Entrepreneurs from the responsibility of having
          “
                                        to worry about the finance function
                                                                                           “






























            egulating financing is one of    2011. “It hit Ravi Bagaria That      problems that not-for-profit
        Rthe main things that should         there was a huge gap in the services  concerns encounter with reference
        be taken into account in any issue.   that were being provided and the    to their financial management.
        Aria CFO Services Limited is         need of the hour. We are a robust    First is the lack of understanding
        active in the provision of social    team of four Chartered Accountants  of the accounting rules and the
        enterprise focused services. That    plus semi-qualified staff with       ever-changing taxation laws.
        makes. Aria CFO special is the       a collective experience of over      Next in line is the scarcity of
        involvement of ‘ homegrown ‘         30 years in the areas of finance,    experienced professionals with
        collaborators who worked in NGO      budgeting, accounting, income tax    thorough knowledge of the sector
        fieldwork.                           - FCRA-GST compliances, internal  and the relevant laws. With a wide
                                             control process management,          array of services like donor and
         Vision:                             international taxation, auditing, and  grant management, budgeting,

         To channelize the finance and       certification.                       FCRA compliances, cash flow
        accounting skills of the department   Overcoming Challenges:              management etc., Aria enables
        into something positive and useful                                        NGOs counter the aforementioned
        for the social sector.               With the introduction of CSR as      problems. They provide timely
                                                                                  updates about changes in laws and
                                             a mandatory compliance, social
        Visionary founder:                   sector has gained a huge impetus.    regulations to their clients through

        Ravi Bagaria                         Hiring a full-time CFO is not a      Webinars, e-bulletins, and social
                                             viable option for most charitable    media alerts.
        Founder                              institutions.
                                                                                  What is so distinctive?
        While volunteering for Atma          We have expertise in:
        Education, conceived the idea in                                          Aria is equipped to handle and
                                             Aria has analyzed the core           assist scale any organization.
         18                                                                                 February 2020
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