Press Release / Legal / Law / LetsComply Brings An Innovative Concept of Virtual Intelligence, Unveiling The Services of Virtual CFO and Virtual General Counsel
LetsComply Brings An Innovative Concept of Virtual Intelligence, Unveiling The Services of Virtual CFO and Virtual General Counsel
By Rajesh Sharma on October 25 2016 | 56 Views
Aiming at the objectives and vision of the prosperous “Digital India” programme, LetsComply introduces an advanced service of Virtual Intelligence.
By Associating Virtual Intelligence With Legal, Finance & Tax Services, We Aspire To Achieve The Objectives of “Digital India”. - Rajesh Sharma, Founder-Director
What is a Virtual CFO Service (vCFO)?
The ubiquitous need of managing finance, compliance and account in-house team for Startups and SMEs, is associated with lots of expense, complications and time-consuming activities. This not only effects overall growth of the business, but also leads to mismanagement within the company. With the help of vCFO services, LetsComply ensures compliance is smooth and non-expansive.
Virtual CFO or vCFO stands for Virtual Chief Financial Officer. These are outsourced services offering high-quality assistance, infused with technology, in supervising and advising on financial requirements of organizations. It goes beyond accounts to build a sustainable business model, introduce robust financial controls structure, and ensures transparent corporate governance, risk management, cost optimization and regulatory compliance. vCFO fulfils strategic requirements and raises resources of the company.
What is a Virtual General Counsel (vGC)?
Major challenges before Startups is to handle legal complexities including legal structuring and day-to-day business contractual dealings. To overcome these hurdles, startups hire corporate lawyers or set-up a legal team in their organizations. Hiring a lawyer/team of lawyer would lead to more cash outflow which of course is not logical and prudent for any startup.
This is why the need of Virtual General Counsels (vGCs) has become crucial for startups and SMEs, if they aspire to grow fast. vGC stands for Virtual General Counsel. A vGC handles overall legal complexities associated with startup, and thereby contributing business value, strategic insight and advanced legal services truly customized to every business. The services of vGC are technology-driven, provided to companies at an affordable cost within a stipulated time-frame.
Benefits of Virtual Intelligence Services (vCFO & vGC)
• Ease in regulatory compliance burden over entrepreneurs
• Cost-effective tool for companies, especially start-ups and SMEs
• Serves as a bridge between technology and legal, finance & tax services
• Fast delivery of services as compared to traditional assistance services
• Mentoring services via new generation’s computer and mobile applications
• 24x7 availability
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