With the intention of providing advisory services to SMEs, including start-ups, Yescalator Management and Financial Consultants have started operations from Kochi.
Jiz P Kottukappally, CEO, Yescalator Management and Financial Consultants, said that due to intense competition, squeeze on margins and constraints on resource allocation, the role of a professionally qualified CFO is becoming very critical for the success of any business enterprise.
Many MSME units fail due to lack of proper financial planning and analysis in the initial phase and poor financial discipline during the operational phase. Lack of adequate qualified skill resources and the huge cost involved in hiring them have been the major constraints for many start-ups and MSME units for hiring a fulltime CFO.
Yescalator Management and Financial Consultants will act as a shared CFO for start-ups and MSME units and provide advisory services for improving profits, he added. The services provided by the company include development of business plans for raising equity and debt, project evaluations, resource allocation, financial restructuring etc. The company will provide services to manufacturers, traders and service industry.
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