Seed-stage companies and small businesses may not have the resources to hire a full-time CFO; however, they do not have to go without strategic financial advice. Salient, an early-stage software company, wanted a virtual CFO to help build a financial model and forecast so it could better understand its cash runway.
They needed to identify the impact of hiring additional team members, obtaining grant funding, venture debt, and landing customer deals. Not only was Salient seeking a vCFO with a modeling tool sophisticated enough to run side-by-side scenarios, but they needed a customized approach – that’s where Execor stepped in.
They needed to identify the impact of hiring additional team members, obtaining grant funding, venture debt, and landing customer deals.
If your business holds forgotten dividends, deposits, or unclaimed payroll balances, you must comply with the Unclaimed Financial Assets Act (UFAA).
What Are Unclaimed Financial Assets?
- Dormant accounts (3+ years)
- Unclaimed salaries or benefits
- Forgotten dividends or insurance payouts
What We Do:
- Audit unclaimed assets
- Help with UFAA return preparation
- Ensure timely submission to UFAA
- Advise on recovery processes
Avoid penalties and build trust with regulators.
Let BenKim Associates handle your UFAA compliance audit in Kenya.
Eager to see how these changes will elevate performance standards and user satisfaction!