Be Prepared: How to Be Ready for Due Diligence at Any Moment?
Due diligence is a process in which a company is required to transparently provide information to an entity interested in its operations. In the world of tech and startups, due diligence typically occurs in the context of company sales, mergers, fundraising, IPOs, and more. At Danoy, as an external finance department, we have successfully participated […]
Cash Flow Report: What Is It, and Why Is It So Critical for Startups?
Between 2011 and 2021, approximately 8,000 startups were established in Israel. This is a very impressive number for a small country like ours and further proof of our well-earned title as the “Startup Nation.” However, the reality is that not every startup succeeds. Out of the 8,000 startups founded in the past decade, around 4,000 […]
When Reality Meets Financial Planning: This is How Danoy Writes and Tracks Financial Plans in a Dynamic Reality
As an external finance department for startups and companies, one of our most important tasks at Danoy is to create an annual financial plan for our clients. An annual financial plan is essentially the working plan for the upcoming year. Our financial experts understand the various needs of department managers, translate them into costs, and […]
This is How Danoy Can Help Your Company with the Bank
There is one misconception that many companies, especially startups, hold, which ends up costing them a significant amount of money. This misconception revolves around the idea that when working with a bank as a company, one can conduct business with it as if they were an individual. In other words, the company can deposit money […]
Danoy Explains: What is Transfer Pricing?
As a company providing financial services such as bookkeeping or payroll to international companies operating in Israel, one of the important topics we deal with is transfer pricing. It is important to understand the term and strive to manage it properly in order to minimize the risk of conflicts with tax authorities or issues during […]
CFO as a Service: Force Multiplier for Startups
Our role at Danoy is to serve as the company’s finance department. Each client receives a personalized service package from us, which may include services such as account management, payroll, bookkeeping, and more. However, there is one service in our work that we are particularly proud of. CFO as a Service. It was specially designed […]
CFO Services: The Power of an Organization for Every Business and Enterprise
Aviram Arviv, founder and CEO of Danoy, explains how CFO services can be the mechanism for solid business growth for businesses of all sizes: ———– One of our favorite solutions we at Danoy is CFO advisory services. With this service we get to intimately understand the client’s operations and help them achieve impressive results more […]
“About 30% of Startups are Closed Because of Financial Mistakes”: Aviram Arviv on 4 Financial Mistakes that Startups Make
It’s not a secret that almost 90% of startups that are established will close at a relatively early stage. But what many entrepreneurs don’t understand is that in 30% of cases, it’s due to financial mistakes that lead to closure 0— not necessarily a low-quality product, lack of competition, or marketing efforts, but errors in […]
“Financial Strategy Enables Financial Success”: Aviram Arviv on Developing a Financial Strategy
Every business should have a detailed business plan that outlines the steps necessary to achieve its business goals. One of the important components of the business plan is financial strategy. This part of the plan focuses on the financial aspect of the business and outlines the necessary steps to achieve the financial goals that the […]