Client Type: Expanding Small-Medium Enterprise (SME)
Client Name: Fiby Francis, FSC3 Organisational Development
Financial Partner: Hemant Mundhara, Founder, The TotalCFO Management Consulting
Countries of Operation: United Arab Emirates
As the business grew and its operations scaled in UAE, there were many additional factors of financial complexity which were being faced by its management. Financial visibility was limited to basic financial accounting information, however, the management did not have access to the strategic insights, detailed forecasting and advisory services which would allow them to make proactive decisions based on their forward-looking financial expectations.
In summary, the client was looking for a partner to provide more than just ‘typical’ accounting services; they wanted a financial partner who could supplement their existing management team and be a “local link” so that they fully understood both the financial aspect (i.e., what the numbers were) and the actual reality of operating within the UAE market.
At the time of engaging with The TotalCFO, the client faced a number of operational and financial difficulties, specifically:
The TotalCFO was engaged by the client to achieve the following objectives:
The TotalCFO developed a comprehensive financial management solution suited to the client’s unique business stage/needs through the direction of Hemant Mundhara.
As a trusted advisor, Hemant Mundhara worked closely with business owners on a personal level, not only as a virtual CFO but as a mentor and guide. He provided strategic guidance and support through:
The TotalCFO incorporated systematic bookkeeping practices, which resulted in accurate and consistent records and improved transparency in the bookkeeping process. No longer did business owners have to rely on the time-consuming, inefficient, and inconsistent manual bookkeeping systems. Along with establishing systematic bookkeeping systems, The TotalCFO also implemented:
The introduction of a customized Financial Management Information System (MIS) and Financial Dashboard has provided the opportunity for our client to:
Rather than simply reacting to tax filings, The TotalCFO was able to support its client with proactive tax advisory services, ensuring that:
A structured yet dynamic implementation process was followed to:
A partnership with The TotalCFO produced demonstrable and strategic results for the client.
Feedback from Clients
According to the client, Hemant Mundhara, the CFO of this client’s company, has been, “much more than a simple CFO, a mentor and guide, with a full understanding of the realities of establishing and operating a business in the UAE.” The feedback indicates that it is invaluable to have a financial partner focused on your long-term success, rather than just your transaction and accounting requirements.
The information presented in this case study shows that The TotalCFO has a market differentiator that is not available anywhere else in the UAE:
For growing businesses in the UAE, a financial partner can make all the difference. This engagement showcases how The TotalCFO delivers comprehensive financial management services, led by Hemant Mundhara, that are much more than bookkeeping and compliance services; they will provide Business Owners with the knowledge, surety and direction needed to successfully grow and operate their businesses.
With over 25 years in Dubai and nearly 30 years as a Chartered and Management Accountant, Hemant has extensive experience across manufacturing, services and technology sectors. He has worked with major corporate groups including Al Tayer, Saif Al Ghurair, Dhabi, and Aditya Birla. Hemant specializes in profitability and cost management, debt restructuring, contract management, and regulatory compliance, having generated approximately USD 47.5 million in savings and profit growth. A confident public speaker and Distinguished Communicator, he lives by the quote: “You get what you reward for. If you want ants to come, you put sugar on the floor” (Charlie Munger), embodying his belief that “Profit has its own intelligence.”
Archana Mundhra is a qualified Chartered Accountant with over 15 years of experience in multinational corporations. Her proficiency lies in financial planning and business intelligence. Her deep financial understanding and profound analytical skills empower her to assist management in realizing their objectives effectively.
Rinkle Jain is a qualified Chartered Accountant and Fellow Member of the Institute of Chartered Accountant of India. A results-driven Chartered Accountant with a distinguished career marked by proficiency in management, financial planning, and catalyzing overall company development.Demonstrates a unique blend of financial acumen, strategic insight, and leadership prowess, contributing significantly to organizational success.