Shimony – House of Finance provides outsourced CFO services for startups and more advanced high-tech companies. These companies require CFO services to address various financial needs of entrepreneurs primarily and, of course, investors, employees, service providers (such as lawyers, auditors, option trustees, insurers, bankers, etc.), and sometimes even clients and suppliers.
Alongside comprehensive and professional responses to the company, we place special emphasis on providing the highest level of financial response to the CEO and other managers, accompanying them every step of the way.
As most startups do not require a full-time CFO position in the early stages, but still required for CFO tasks, the best solution is outsourced services until the role justifies a full-time position. Accordingly, one of the role’s tasks is to eventually transition the handling of the company’s financial matters to an in-house professional in an organized and structured manner. Our office services seamlessly bridge the immediate need for these services and the future need for a full-time senior employee.
Depending on the company’s size, we also provide controller services in parallel to CFO services for more advanced companies and can even serve as a substitute for CFO services in younger companies. Controller services are provided by experienced CPAs specializing in accompanying startups at various stages and specifically tailored to the company’s needs and the CEO or CFO’s requirements. Examples of these services include building, maintaining and preparing analysis for budget vs. actual and forecasts,, cash flow management, preparation of the company’s financial statements according to common GAAP’s, preparation of materials for board meetings, oversight of bookkeeping and executing various reporting tasks for different stakeholders (board of directors, tax authorities, department managers, etc.). Alongside working with the company’s additional service providers such as option trustee, insurance agents, auditors, banks, legal advisors, employees, vendors and clients.
It goes without saying that those services are available in Hebrew or English, in ILS or foreign currencies, on any reporting platform , all according to the client’s changing requirements from company to company.
