CFO Services
Most small to mid-size businesses need a high level of financial expertise occasionally. But they can’t afford, nor really need, a full-time CFO. Our CFO Services provide an affordable solution. This is an ideal approach for an owner/CEO that recognizes the importance of building up their business infrastructure. Adding the right amount of CFO-level skills and judgement increases the probability of success and reduces the risk of failure. We join your team as your CFO in a way that provides the right amount of time and financial expertise to move your business forward. We will work with you and your team to implement efficient and automated accounting processes. The focus will be on delivering real-time actionable information and direction. The goal is to increase visibility and insight into what’s going on and where you are headed with a reduced risk of failure.
CFO Services are customized to each client’s unique situation and needs, but generally include the following components to varying degrees:
Dashboards
- See key performance indicators (KPIs) that impact your business health and growth.
- Defined performance metrics are available in real-time so you can make smarter decisions about how to improve your business results.
Financial Reporting
- Financial statements that are not produced timely are useless. Our services create processes and systems to publish timely and accurate profit and loss statements, balance sheets and cash flow reports to track your business performance and current financial position.
- We provide greater financial transparency and visibility, so you will be able to run a more profitable business.
Cash Flow Management
- We’ll track your cash flow and make projections, so you’ll always understand your evolving situation.
- Flow of cash is enhanced with optimized policies for accounts receivable and accounts payable functions.
- Manage the company’s debt and credit lines to balance operations and financial effectiveness.
Business Navigation
- Develop strategies, financial forecasts and other tools to guide and steer the business toward prosperity.
- Working with owners/CEO and management to develop budgets to track performance and progress.
- Create financial forecast models that paint a picture of the future to support decision making.
Financial Interpretation & Liaison
- Meetings are scheduled with stakeholders to discuss the state of the business’ financial performance and position…and opportunities to improve.
- Meeting regularly to discuss financial performance is an attribute of well-run successful businesses. It helps to have another party enforcing the discipline of regular financial meetings.