A finance function that reports to a board, a lender or a parent
Kept books are not enough once someone else reads your numbers. You need a month that closes on a date, figures that agree with each other and with the bank, a pack a director can read, and someone who can explain it and act on it. That is what Finac’s Complex and CFO engagements provide.
Controllership runs the function. CFO support adds judgement.
Controllership is the finance function run to a standard. CFO support is judgement applied to capital, pricing, lenders, investors and the plan. The Complex band is the first; the CFO band is both.
| Area | Complex band · ₹40,000 to ₹75,000 a month | CFO band · ₹75,000 to ₹2,00,000 and above |
|---|---|---|
| Close | Month closed by working day 3 to 5. Multi-entity or multi-state. Dedicated team. | Group close on the parent’s or board’s calendar. Consolidation. Intercompany signed off on both sides. |
| Reporting | Monthly MIS with budget against actual. Department or project P&L. Lender MIS, stock and book-debt statements, covenant tracker. | Board packs. Investor updates. Parent-format and parent-currency reporting. KPI dashboards with variance commentary. |
| Cash | 13-week cash-flow forecast every month. Payables calendar. | Treasury view across entities and banks. Funding runway. Covenant headroom. |
| Compliance | Multi-GSTIN, e-invoicing, payroll across states, tax audit coordination. | Transfer-pricing coordination, FEMA filings, audit committee support, group tax calendar. |
| Judgement | Quarterly partner review. | Retained partner hours each month: pricing, capital structure, lender and investor conversations, fundraising and audit support, hiring your first in-house finance staff. |
Five situations where kept books stop being enough
Funded companies
Investors expect a monthly update and a quarterly board pack, and will run diligence again at the next round.
Companies with a lender
A term loan or working-capital limit whose bank wants MIS, stock statements and covenant certificates on its dates.
Groups
Two or more entities, states or countries, where consolidation, intercompany and cross-charge have to be right.
Foreign-owned subsidiaries
Reporting to a parent in another currency and another format. See India entry.
₹10 crore to ₹100 crore
Companies that need a finance leader before they can justify hiring one.
What it costs, and why
The Complex band runs ₹40,000 to ₹75,000 a month and the CFO band from ₹75,000 to ₹2,00,000 and above, excluding GST, set on scope: entities, states, reporting depth, lender and investor obligations, and the partner hours retained.
An in-house CFO in a metro costs several times more. A fractional CFO without a finance function under them produces opinions without numbers. Finac prices the two together.
- Complex and CFO results on the scoping flow go straight to the founder
- The proposal states the band, the fee, the reporting calendar and the partner hours
- Onboarding takes the first month; the first board or lender pack lands on your existing date
Diligence-ready by design
Investor-ready books and reconciliations, the data room, the actuals in your model, the cap table reconciled to filings, diligence responses, and the post-round filings: PAS-3, MGT-14, FC-GPR where the investor is foreign.
Frequently asked
What is the difference between controllership and CFO support?
Controllership is running the finance function to a standard: close, controls, reporting, compliance. CFO support is judgement on top of it: capital, pricing, lenders, investors, the plan. Finac provides both. The CFO band includes retained partner hours each month.
Do you attend board meetings?
Yes, in the CFO band. Finac presents the pack and attends board or investor meetings. It does not take a board seat.
Can you prepare CMA data and stock statements for our bank?
Yes. Lender MIS, stock and book-debt statements, covenant tracking and CMA data are part of the Complex band.
We are raising a round. What do you do?
Investor-ready books and reconciliations, the data room, the actuals in the financial model, the cap table reconciled to filings, diligence responses, and the post-round filings: PAS-3, MGT-14, and FC-GPR where the investor is foreign.
Who will we deal with?
The scoping flow routes Complex and CFO results straight to the founder, Anil Sharma, and the first conversation is with him. Day to day you have a dedicated team; the partner hours in the CFO band are his.
See which band your company sits in
Eighteen questions, two minutes. Complex and CFO results reach the founder directly. Finac engagements start at ₹6,999 a month and rise with the work.
Finac is the outsourced finance department for growing Indian businesses, run by AKSSAI ProjExel Private Limited, a professional services firm of qualified accountants, tax and compliance specialists, many of whom have worked at MNCs and Big Four firms. Our teams work from Bangalore, Jaipur, Noida, Jabalpur, Bhopal and Indore, and we serve clients in the USA, UK, Taiwan and Australia remotely. Fees exclude GST. Screens shown are from a demonstration company on the Finac platform. Reviewed 24 September 2026.
