Every company needs a CFO position, but small and medium-sized companies often cannot afford to hire a highly qualified financial director. This situation can be solved by renting a CFO service, when the company receives the highest level of ongoing consultations and pays only for the hours worked, thus saving indirect costs of creating and maintaining a workplace.
Typically, for a fixed monthly fee a CFO for rent takes care of:
- measurement of the company’s performance, financial analysis, and forecasting.
- drawing up budgets and controlling their execution.
- working capital management solutions.
- presentation of performance results and presenting their insights to top-level managers and shareholders.
Also, for an agreed additional hourly fee a CFO for rent can perform other functions, such as:
- organizes and coordinates the work of the accounting department.
- participates in the preparation of the strategic plan and controls its implementation.
- takes care of attracting additional funding sources for company development.
- represents the company externally (commercial banks, insurance companies, investors, state institutions, etc.).
- assesses the economic payback of the company’s development projects.
- manages the company’s risk management process, etc.
Paslaugos rezultato vertė klientui:
- The company receives the highest level of financial management competence by paying only for the time spent, saving the indirect costs of creating and maintaining a workplace.
The value of purchasing a service from us for the customer:
- The application of accumulated know-how increases the quality of ongoing projects.
- Efficient, transparent, and predictable organization of work (methodology).
- Possibility to offer additional related services.
- Assistance in attracting local and foreign partners (lawyers, bankers, investment banks, investors, etc.).
- Prompt provision of accurate and understandable answers to the client’s questions.
We also offer other related services:
- Valuation of business (shares).
- Consulting during the company acquisition/sale/merger process.
- Preparation of the company for sale (arrangement of necessary documents, completion, and preparation of missing ones).
- Preparation of business plans, investment projects, feasibility studies.
- Initiation and preparation of applications for EU support grants, etc.
Implemented and ongoing CFO for rent projects:
- Moremins Ltd. CFO from April 2019 till now.
- Financial director of Kaunas Free Economic Zone Management UAB from January of 2009 till January of 2018.
- UAB agrofirma “Sėklos” independent board member, advisor to the general director on strategic financial management issues from October of 2012 till March of 2021.
- Shareholder of UAB Innovative Pharma Baltics, advisor to the CEO on strategic financial management issues from November of 2012 till June of 2013.
CFOfor rent
Dr. Audrius Dzikevičius
Eurokosultantų Grupė CEO
• Long-term experience both in business consulting activities and in the banking sector (since 1999).
• Founder and manager of the private capital fund "Step Capital”.
• Long-term experience as a CFO for rent (since 2009).
• Long-term work experience in boardrooms of SME’s (since 2012).
• International experience in Switzerland, Italy, Latvia.