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Solutions
CFO Control Suite
CFO's Control Suite is a turnkey accounting department for
your small business, designed to maintain your numbers according to
professional accounting standards and your business under control..
Typically small businesses have a dedicated person for
accounting who may be good at some things, but not as good at others. Some
companies don’t need a full time person and are paying too much.
Others have greater needs than are typically available to them for a
variety of reasons. Turnover can be a killer when their one person leaves.
Costs of expensive software purchases and training can be exorbitant. CFO
is uniquely able to address all of these issues combining a team-specialist
approach with best-of-breed technology.
CFO Control Suite benefits:
- Access to a team of specialists, including
CFO-level expertise, controllers, financial analysts, accountants, and
dedicated specialists for things like payables and recievables
- Eliminate the distration and worry of hiring,
training and managing your internal accounting staff
- No investment in hardware or software
- Updates require no effort on your part
- Backup procedures in your office are
eliminated
- Help is immediately available
- Reports are designed to meet your reporting
requirements and can be easily customized
- Easy to use
Key
features of CFO Control Suite:
- Reconciliations
- Closing Monthly Books
- Custom Statements & Reports
- Cash Flow Management
- Accounts Receivable
- Accounts Payable
We
support you by delivering up-to-the-minute intelligence on the financial
state of your business. Your financial data and transactions are
automatically posted in real-time to all relevant accounts and ledgers. All
reports and graphs are viewable live and online, enabling users to interact
in real-time for interactive "what if" analysis.
Our remote access technology gives you immediate access to
world-class accounting functionality at a very low cost. There are no
expensive software licenses to buy, no pricey new hardware to purchase and
configure, and no new internal IT networks to build. The CFO Network system
serves small or startup firms just as well as it does established companies
or franchises with hundreds of locations.
Traditional in-house computing and data systems for small
and midsize enterprises can cost tens of thousands of dollars for initial
software licenses and professional consulting fees — and then require
weeks or more of costly software, hardware, and networking installations.
By contrast, the CFO Network offers the enterprise-class power and
performance of high-end in-house data solutions, but with no huge upfront
fees, one affordable monthly subscription payment, and no new IT costs or
headaches — ever. For the first time, your small or midsize
enterprise can have access to the same secure and reliable business
computing capabilities that Global 2000 companies possess — at a
fraction of the cost — making your firm more competitive and
cost-efficient than ever.
It is also important to keep in mind the following:
- Indirect costs such as the time and expense
of finding and hiring a good quality accountant with experience.
- Turnover rates for staff and senior
accountants are typically 25% per year, and each separation costs
firms $4,000 to $8,000 in training and recruiting costs (CPA Journal).
- Opportunity costs of your time managing them
on a day to day basis.
- Opportunity costs of not being able to
utilize the extra office space for revenue generating resources such
as sales.
- “One single point of failure.”
Risk management is an important, but often overlooked responsibility
for any CEO. Most small companies can only afford one accounting
resource. If that person should suddenly leave, fall ill or worse,
access to critical financial information could be interrupted, leaving
management to scramble to recover while the company is essentially
flying blind. CFO provides for cross training of its staff and
utilizes an accounting package that is highly available.
- “One size fits all” capability.
By hiring a senior accountant, that person may be great for some tasks
such as reviewing and preparing financial statements, but not others
such as data entry or business planning. You are essentially forced to
fit one person into a variety of roles that may or may not be a good
fit. CFO employs a team-specialist approach to supporting its clients,
including dedicated data entry, bookkeeping, accounting, controller
and strategic CFO level capabilities.
Services
> Advisory Services
> Business Planning
Advisory Services
CFO will provide you with a lot more than just standard
accounting and finance services. Most smaller businesses have resources to
take on normal accounting and financial duties, but don’t have extra
people on hand to take on special projects. CFO’s team-specialist
approach allows us to leverage our understanding of your business and
dynamically allocate expertise to support you when you need it. You will
have access to a team of business professionals whose level of experience,
talent and creativity is rarely, if ever, available to small businesses. We
are there to help you in a variety of capacities, including: working with
banks to secure a new line of credit, helping you raise capital,
restructuring, buying or selling businesses and how to expand or enter new
markets. In short, we will become your trusted business advisor.
CFO advisory services include:
- Business process improvement
- New product / service planning
- ESOPs
- Performance management
- M&A
- Restructuring
- Debt financing
- Equity financing
- New market entry
- Software and hardware evaluation
These
types of consulting projects are usually “ad-hoc” in nature
making it hard to plan expenditures. However, CFO provides these services
as needed at an hourly rate—mutually agreed upon before any work
begins.
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Business Planning
CFO is unique. Our goal is unlike that of an accountant
looking to get hired for a job. We want to be your business partner for
life. Our approach to business planning was crafted from our accumulated
experience working for some of the best managed companies on the planet and
specially adapted for small businesses. This approach is based on getting
your migrated on four vectors:
- Getting you from thinking strategically to
thinking tactically to execution.
- Getting you from where you are now to where
you’d like to be to understanding how you will get there.
- Getting you from just getting the job done to
getting the job done better to the ability to seize new opportunities.
- Getting you from your original intentions for
the business to an action orientation to focusing on measurable
results.
Our
process begins understanding where your business should be financially in
3-5 years. We provide a powerful process to define those goals and chart a
customized course to get you there. We will even be there to help you sell
your business and get top dollar for your accumulated hard work if and when
you are interested in that path.
Our Business Planning Process includes:
- Market Analysis: We do complete scenarios for
various interest rate environments to assess the impact to your
business and develop strategies to address them.
- Revenue and Cost Analysis: We uncover the
real drivers to your profitability, and help uncover new opportunities
to increase revenue and profitability.
- Key Investments Required: We discover the key
investments you will have to make to reach your goals and provide a
sensible plan for financing those investments.
- Infrastructure: We help you decide if the
right resource infrastructure in place.
- Capital structure: We look at your debt, how
leveraged your company should be and financing options available.
- Pro-forma Financial Modeling: We develop a
complete 3-5 year set of financials n order to understand what the
future looks like.
- Scenario Analysis: We identify the possible
scenarios and contingencies for which we must plan.
- Valuation: We evaluate the current worth of
your company and what it will be worth in the future.
Next
we establish a yearly plan. This will translate the 3-5 year look into a
more specific, measurable, analysis of what you need to do in the next 12
months to get on track and measure your company’s progress going
forward.
Third, we will do quarterly reviews to identify
opportunities and gaps to the current plan and make mid-course corrections.
CFO Business planning includes:
- Market Penetration / Sizing
- Revenue, Customer, Pricing
- Product / Service Cost
- Headcount, Spending Plan
- Capital Investment Plan
- Debt / Equity Financing
- Key Performance Metrics
- Trend Analysis
- Seasonality
- Benchmarking
- Return on Investment
- Business Valuation
- Scenario Analysis
- Cash Flow
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