Services

Part-time CFO – Small to mid-sized companies often have the need for an experienced financial resource without the fixed costs associated with a full-time position. If you hire too early in the companies development the financial resource may be under utilized or unable to grow with the company. How do you balance the equation; by using a part-time CFO. This resource does not replace your independent CPA or Tax advisors, rather the focus is on internal business issues. Areas of focus that could be managed on a part-time basis include:

Strategic & Business planning

  • Creation and execution of Business plans that initiate improved profitability & stakeholder value
  • Assure plans are aligned with goals of constituents
Financial planning and Analysis
  • Forecast the operating and financial performance re: strategy
  • Evaluate the above
  • Develop systems to support senior management with information which provides insight into the business & enables sound decisions
Cost control and other Controllership functions
  • Analysis and control
  • Timely/accurate financial reporting
  • Manage accounts receivables, accounts payable and payroll
  • Employee Benefit plan review/analysis
    • 401(K), disability, LTC, healthcare plans
  • Risk Analysis and Management
    • Develop risk assessment; evaluate potential impacts, and develop plans to eliminate or mitigate the risks to the business
    • Assure adequate cost effective insurance coverages are in place
    Capital Structure
    • Manage debt/equity structure
      • Maintain banking/capital resource relationships
      • Assure that the structure is appropriate to meet the short and long term company growth goals
      Treasury
      • Manage working capital to meet short and long term requirements
      • Develop and implement investment policy to meet company goals

    Corporate Structure and Planning

    Information Technology Management

    Interim CFO – the need for this resource can arise to help a growing organization take on additional projects or to fill a vacancy and provide a smooth transition to a new management. In this role the interim CFO would function as part of the executive management team and be responsible for the functions day-to-day activities. A key activity could be assisting the executive team recruit the new CFO.

    Project Based Assignments – as companies encounter ever changing business conditions the need often arises to complete an analysis, perform a study, or develop a plan for which the in-house resource is not available. These needs can arise in any of the areas noted above or could be generated to provide support through:

    • Competitive Analysis
    • Acquisition due diligence and management integration
    • Project management
    • Turnaround Support