Transform Business, Finance & Investment
For its Excellencies in Smart World
High Performance CFO Services for
Textile & Apparels Industry
Dear Sir,
We extend our appreciation for your unwavering efforts in promoting “Made in Bangladesh” brand globally, contributing to foreign currency inflow, and sustaining employment despite numerous local and global challenges. Your dedication to the Bangladesh Textiles & Apparels Industry is commendable.
As the industry evolves, it faces several well-recognized challenges-
- Mid-level Management Skills Gap and Trust Issues: Bridging the gap in mid-level management skills and addressing trust concerns between employees and employers;
- Operational Costs and Selling Prices: Tackling rising operational costs while coping with declining selling prices;
- Utility Reliability and Energy Costs: Overcoming unreliable utilities and managing high energy costs;
- Government and Non-Government Challenges: Navigating complexities posed by government agencies and non-government entities requires strategic leadership;
An experienced High-Performance CFO can play a pivotal role by conducting in-depth analyses, optimizing resource utilization and ensuring efficiency.
Our specialized CFO Servies, tailored for the Textile & Apparels Industry, aim to transform your finance into a strategic Finance-Business Partnership Model. Enclosed is an overview of our capabilities. We propose a turnkey project spanning 12-36 months, establishing agile, integrated business process management. This transformation will enhance visibility, traceability and transparency for C-suite executives, shareholders & stakeholders.
The industry’s transformation from “Design to Develop to Delivery” integrates marketing, production, human resources and finance on a unified technology-driven platform. This approach fosters continuous productivity improvement, supported by robust data integrity and the elimination of siloed management practices.
The next-generation CFO plays a critical role as an integrator across business functions, generating insights and foresights for sustainable success. Beyond traditional financial duties, they contribute significantly to executive leadership.
Kind Regards
Bhaskar Ranjan Saha
Veteran & Versatile CFO
Founder & Lead Mentor of Bhaskar Accounting Lab & The Analyst
CFO
Strategic Leadership: The CFO is a core member of the company’s strategic leadership team, overseeing Business, Finance and Investment activities to drive optimal corporate performance and steady growth.
Value Chain Integrator: The CFO adapts to workplace changes and plays multiple roles across the value chain:
- Change Agent: Initiates and manages organizational change
- Transformation Leader: Guide strategic shifts
- Finance Business Partner: Collaborates with other units
- Risks Manager: Identifies and mitigates financial risks
- Value Driver: Enhances the company’s economic worth
Contrary to traditional views, the CFO is not solely-
- A bookkeeper, record keeper or accountant
- A number cruncher or controller
- A money counter
- A Producer of financial statements and analytics
The Critical aspects of why CFO is essential
- Financial Visibility: Ensuring visibility into past, present and future cash flow, profit/loss and net worth;
- Transparency & traceability: Enhancing resource efficiency, margins and shareholder values through better traceability and transparency;
- Productivity Challenges: Addressing why productivity, efficiency and profitability may fall short of desired levels;
- Risk Management: Managing internal and external risks related to business, finance and investment;
- Strategic Growth: Balancing growth with investment size and executing a business model aligned with company strategy;
- Diversification: Initiating diversification of products and markets to meet financial needs;
- Data Integrity and Technology: Establishing data integrity and staying updated with knowledge and technology;
- Human Capital Development: Facilitating learning and development across all levels within the organization;
The CFO’s multifaced role extends beyond traditional financial risks, encompassing strategic leadership and holistic business management.
Bhaskar Ranjan Saha: Pioneering Next-Generation CFO Services
Bhaskar Ranjan Saha, Veteran CFO, Founder & Lead Mentor-Bhaskar Accounting Lab & The Analyst since January 2018, leads an organization that offers cutting-edge CFO/CFOO services, systems and solutions. The Analyst specializes in integrated data-driven Business Process Management (BPM) systems, deploying comprehensive ERP software suites tailored for vertically or horizontally integrated businesses-from “Development to Delivery”. Their mission is to establish enterprise excellence in the next generation of manufacturing, finance and investment.
Key Initiatives:
- Management Transformation into Digitalization: Bhaskar advocates that digital transformation is imperative for the manufacturing industry. By leveraging data-driven insights, companies can adapt to the rapidly changing business landscape;
- Integrating finance and operations: Bhaskar involves combining the roles of the Chief Financial Officer (CFO) and Chief Operating Officer (COO) into a unified position: Chief Financial and Operations Officer (CFOO). This integration aims to streamline processes, enhance efficiency, and drive strategic alignment across financial and operational functions.
- Bhaskar Accounting Lab: Driven by values, Bhaskar emphasizes talent management. His approach aligns accounting practices with overall business goals focusing on Human Capital;
Bhaskar’s Expertise:
- With over 33 years of experience in private sector services, Bhaskar has held various management roles, including Auditor, Manager, Controller and CFO/CFOO. His expertise spans Finance, Accounting, Audit, ERP, HRM, Supply Chain Management & Corporate Management.
- He has successfully navigated large-scale corporate finance arrangements, building strong relationships with Banks and non-bank financial institutions.
- Bhaskar’s commitment to continuous improvement extends to all levels of management.
Human Capital Transformation:
Bhaskar’s long-standing dedication to private sectors, both national and international drives his mission. He aims to transform workplaces into hubs of Human Capital, guided by values.
