Floating CFO – An Innovative Service for Businesses
Moore Abc, a member of Moore Global—a global network of accounting and consulting firms established in London in 1907—is represented in over 110 countries with more than 40,000 employees worldwide. The company provides accounting, taxation, property valuation, audit, and other services to businesses across Georgia. Moore Abc consistently strives to align its services with market demand. In response to this, the company has added a new service direction—Floating CFO—in collaboration with its partner consulting firm, SavvY.
Moore Abc, one of the top 10 accounting and consulting firms in Georgia, has been observing the needs of local businesses for the past 15 years. The company believes that a service like Floating CFO can simplify the analysis and presentation of financial information for company executives and founders.
The Floating CFO service was developed and implemented jointly with SavvY, a specialized boutique consulting firm, known for its unique expertise in Georgia's investment landscape.
As Teona Abdushelishvili, Partner at Moore, explains, this service is especially beneficial for companies that cannot hire a full-time Chief Financial Officer but would like access to a high-quality financial management at an affordable rate. The Floating CFO service is designed precisely to meet that need.
“Floating CFO makes it possible for a company to hire an experienced CFO for a short period without adding a permanent employee to the payroll. The CFO assists in solving financial challenges facing the company—ranging from preparing financial reports to communicating them effectively with investors and creditors,” Teona notes.
Teona adds that Floating CFOs are trained to focus on results and help founders make financially sound decisions based on data.
She further emphasizes that among the specific services included in the Floating CFO offering, in-depth financial reporting analysis is equally important. This encompasses trend and ratio analysis, as well as budgeting. Such services provide business owners and other stakeholders with a more detailed picture, aiding in making informed decisions in the future.
Additionally, clients of the Floating CFO product note that the service is highly beneficial for improving capital structure. It addresses tasks such as restructuring excessive liabilities, consolidation, highlighting the necessity of investments, and supporting the company.
Teona states that the goal of the Floating CFO is to provide companies with expert knowledge that assists in analyzing business finances and making strategic decisions, as well as helping them manage their finances more effectively and focus on their core activities.
Moore Abc has held the ISO 9001-2015 (Quality Management Systems) certificate in accounting services and financial reporting for two years, confirming the company's commitment to providing high-quality services to clients. The company also continuously invests in employee development and qualification enhancement.
SavvY is a dynamic and specialized business consulting firm that has been delivering personalized and practical solutions to clients in Georgia and beyond for nearly 10 years, assisting companies in making beneficial decisions.
According to Teona Abdushelishvili, SavvY is a strategic partner of Moore:
“We have collaborated on numerous interesting projects in the past and have confidence in each other's competencies, values, and quality. Within the framework of the Floating CFO service, our collaboration provides more companies with the opportunity to access this essential service.”