Structure
Roles and reporting lines.
All advisory & special projects services
Advisory & Special Projects
Finance Function Set-up
When a company outgrows a single accountant, FinAura designs the finance function it needs next: which roles to hire and in what order, what to keep outsourced, the systems and integrations, processes and controls, the close calendar and reporting. We help recruit the team, run the function alongside them at first and hand over once it works.
- Chartered Accountant-led
- Certification through associate practising CAs
- Fixed scope, fixed fee
What is covered
What Finance Function Set-up Covers
The finance team you need for the next stage.
Hire or outsource
What to keep in-house.
Systems
Software and integrations.
Processes
Payables, receivables, close.
Controls
Approvals and reviews.
Hiring help
Job descriptions and interviews.
How the month runs
How It Works
Assess, design, build, hand over.
Step 1
Assess
- Current state
- Gaps
- Next stage needs
Step 2
Design
- Structure
- Systems
- Processes
Step 3
Build
- Hiring
- Set-up
- Run together
Step 4
Hand over
- Team runs it
- Reviews
- Support
Your part
What We Need From You
- 01Current finance set-up
- 02Growth plans
- 03Budget for the team
- 04Founders' time
Our part
What You Get
- A finance structure for your stage
- The right people hired
- Systems and processes in place
- A function that runs without you
A common question
When should a company build its own finance team?
Usually when transaction volumes, investors' reporting demands or the number of entities make outsourced work alone too slow, or when daily finance decisions need someone in the room.
Many companies keep a mix: an in-house team for daily work and outsourced specialists for tax, compliance and CFO-level work.
See the virtual CFO serviceFunctionRunning
DesignPeople and systems
NeedsFor the next stage
Who it is for
Who It Is For
Startups after Series A
Investor-grade finance.
SMEs with one overloaded accountant
Time to build.
Indian subsidiaries
Local finance team.
Companies after a restructuring
Rebuilding finance.
The rules, in plain English
What the Law Says
Companies Act, 2013
Section 247
Where the Act requires a valuation of shares, assets or a business, it is done by a registered valuer under the Companies (Registered Valuers and Valuation) Rules, 2017.
Official source: mca.gov.inFEMA (Non-debt Instruments) Rules, 2019
Pricing
Share issues and transfers involving foreign investors are priced at or above, or for some transfers at or below, fair value under an internationally accepted method, certified as the rules require.
Official source: rbi.org.inCompanies Act, 2013
Sections 230 to 232 and 233
Mergers and demergers go through a scheme approved by the tribunal, with a fast-track route for small companies, startups and holding-subsidiary mergers.
Official source: mca.gov.inThis is general information, not advice for your situation; we confirm what applies to you before any work starts.
Questions we get asked
Finance Function Set-up: Questions, Answered
What roles does a growing company's finance team need?
Typically an accounts executive or two, a finance manager, and CFO-level oversight, with tax, payroll or audit sometimes outsourced.
Do you recruit for us?
We write job descriptions, screen and interview with you; we are not a recruitment agency.
Can you run finance while we hire?
Yes. Our accounting and virtual CFO teams can run it until the team is in place.
Will you stay involved afterwards?
If you want, through a virtual CFO review or specific services; otherwise we hand over fully.
Often Taken Together
All 12 Advisory & Special Projects services01Advisory & Special ProjectsFinancial RestructuringCost structure, debt and cash flows reworked for a business under strain, with a plan lenders and owners can agree to.02Advisory & Special ProjectsFundraising Transaction SupportFrom term sheet to closing: numbers, documents and compliance so the round closes without last-minute surprises.03Accounting & FinanceVirtual CFOA Chartered Accountant reading your numbers, planning cash and guiding decisions.04Systems & ControlsSoftware & AutomationZoho Books, Tally Prime and HRMS implementation, migration and automation.