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	<title>CFO Services &#187; admin</title>
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	<description>BP2 Consultants is a Pune (India) based &#039;CFO&#039; services provider.</description>
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		<title>CFO on call: Why hire a CFO when outsourcing is at least 30% cheaper</title>
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		<pubDate>Tue, 11 Mar 2014 05:49:47 +0000</pubDate>
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				<category><![CDATA[News]]></category>

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		<description><![CDATA[Deepak Narayanan (right) of MyCFO helped Himani Kapadia of DigitasLBi with various facets of finance and accounting before the latter was acquired by Publicis

Indian companies, small and big, can now have a chief financial officer on call to do anything from accounts to company law, strategy to fund raising, report Arijit Barman &#038; Biswarup Gooptu

In April 2013, Deepak Narayanan received an urgent call from Amit Dalmia, an operating partner in marquee private-equity firm Blackstone. A massive churn in the finance department of Gokaldas Exports, a Blackstone portfolio company, had seen many key exits. Critically, this included the financial controller, just before Gokaldas was to finalise its quarterly numbers.

A stranded Dalmia wanted Narayanan and his colleagues from MyCFO—which provides chief financial officers for temporary assignments— to help in the audit closure. Over the next five months, MyCFO did that, and more, in Gokaldas: it also cleaned its management information system (MIS) reporting, data entry and inventory handling.]]></description>
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