Financial Management & Growth Strategies Designed to
Improve Profits, Cash Flow and Growth Prospects
As a business owner, it is easy to become overwhelmed by the demands on your time. The mundane responsibilities and minutiae of running your company take time and energy away from the very reasons why you started your business in the first place. Your CFO on the Go offers a wide variety of financial services designed to help you manage the financial aspects of your company.
Having Your CFO on the Go working with you, you will have more time to focus on strategic actions that will propel your company forward.
Strategic Growth & Management Advisory Services:
Assist you in creating well-defined and measurable goals
Develop strategic growth and operating plans
Identify growth barriers & develop strategies to overcome them
Develop and implement financial strategies that compliment your business objectives
Identify and assess business drivers
Establish appropriate benchmarks to measure performance against
Forecast cash flow
Assist with obtaining outside financing
Analyze profitability of products, markets, and marketing strategies
Evaluate pricing structures and market positioning
Perform free cash flow analyses of potential capital expenditures and major investments
Provide on-going dialogues with you to modify your role in your company and leverage growth opportunities
Financial Management & Accounting Services:
Manage cash flow
Create budgets, forecasts, and projections used to monitor progress towards goals
Design and implement accounting systems, procedures, and controls
Design and implement financial reporting systems
Prepare meaningful financial statements that managers use to assess progress
Analyze financial trends and ratios
Evaluate and improve cost management systems and controls
Enhance internal controls
Supervise, train and recruit accounting staff
Examples of Benefits Realized By Clients Who Work With Your CFO on the Go
Client's
Challenge
Our
Solution
Benefits
Realized
Poor cash flow requiring company to borrow money to fund operations
Identified numerous invoice errors
Designed & implemented accounts receivable procedures to coincide with their customers' accounts payable cycles
Implemented procedures to ensure invoice accuracy
Collecting accounts receivable an average of 30+ days sooner
Reducing the amount of cash borrowed to fund operations
Reduced interest payments on borrowed funds immediately increases profits
Deteriorating profit margins due to increased direct costs
Designed and implemented purchase order process utilizing preferred vendors
Streamlined accounts payable process to ensure billing accuracy and receipt of proper vendor credits
Created an easy-to-use process to ensure vendor discounts were optimized
Proper authorization of purchases
Concentration of purchases with preferred vendors permits volume discounts and improves negotiation power
Eliminates payments for materials returned or never received
Improves utilization of cash discounts which increases profits immediately
Client did not know whether to undertake a major project in a new, uncharted business line
Performed a cash flow analysis
Projected profitability scenarios at various price points and service levels
Client pursued new business opportunity based on the project's financial strengths
Improved client's negotiation power due to client's understanding of price points and cost structure
Client is considering expanding into a new business line
Owner of multi-million dollar company was unable to make timely informed financial decisions
Monthly financial reporting was delayed 14+ business days after month end due to long closing procedures
Identified key performance indicators needed by top management
Redesigned accounting and financial reporting systems to streamline data entry and closing procedures
Reduces month end close by 7 - 10 business days
Management has key performance information on a timely basis
Better informed and more timely financial decisions are being made
Owner of a fledgling service-based business did not know which services were most profitable
Improper pricing of certain services generated losses
Designed their accounting system to capture revenues and expenses by service offering
Identified most profitable services
Designed financial statements to highlight profit contribution by service offering
Revised pricing strategies for all services
Client is now focused on selling their most profitable services
Implemented a new promotion campaign designed around the most profitable services
