Our Interim CFO Solution solves client needs when the senior financial manager position in the company is vacant or when high level supplementary staff is needed to timely meet important financial objectives.We move swiftly to ensure that the operations of the accounting and financial area continue to timely meet the needs of management and that compliance with reporting and other requirements are met, and assist the transition to new permanent staffing.Typical of our work in The Interim CFO Solution is as follows.
Accounting Operations
Ensure timely completion of monthly financial statements and other monthly or interim reporting.
Ensure that compliance filings, financial reporting requirements and the like are timely met.
Hire, train, and develop accounting staff.
Lead selection of accounting software and train personnel in its use.
Implement a system of controls and procedures to produce timely and accurate financial reporting.
Implement procedures for participative budgeting, forecasting and analysis of monthly financial results.
Establish and maintain cost/profitability analysis by product/product line/business unit.
Improve quality of, and efficiency in production of, financial reports.
Risk Management
Work with risk management professionals to establish a program of insurance/risk management.
Credit and Collections
Establish/lead internal credit and collection function.
Financial Audit Preparation
Lead preparation for, and management of outside audit activities.
The Business Growth Solution
Growing entrepreneurial companies require a non-traditional style of financial management to succeed.Our years of hands-on financial management in successfully meeting the challenges of these environments uniquely qualifies us to fill this role.Our highly developed skills in preparing business to secure the growth capital it needs and to manage growth in the post-funding environment help ensure success of the growth strategy.Typical of our work performed under the Business Growth Solution is as follows.
Analyze the Current Position of the Company
Enhance monthly financial reporting package to present an “at a glance” analytical statement of the financial position and operations of the business.
Develop supplementary recurring financial reports measuring profitability of each of the major product lines, services offerings, or other major sub-segments of the business.
Determine Capital Needs of the Business
Prepare cash flow analyses to determine capital adequacy/needs.
Prepare financial projections to determine feasibility of business plan under varying capitalization scenarios.
Play Key Role in Securing Capital
Prepare business plan, especially financial sections.
Manage financial matters in securing capital in private equity, venture capital, and public debt and equity markets.
Coordinate the work of attorneys and outside CPAs to reduce professional fees for the capital raising process.
Participate as financial representative in meeting with potential lender and investors
Work in the Post-funding Environment
Establish controls and procedures to manage cash flow and resource utilization in post-funding environment.
Manage all financial mattersin investor and financial institution relations.
Manage all financial matters with respect to Board of Directors.
