CFO Services
WHY?
Financial management is one of the top issues keeping businesses from growing. According to numerous research, 82% of businesses fail due to poor cash flow management. A Chief Financial Officer (CFO) is a key resource that every business needs in order to reach the next level in its development. The CFO role is to maintain and promote the financial health of the company by overseeing the organization’s financial activities and serving as a strategic advisor to the CEO and C-suite peers.
CFOs put complex data (past, current, and forecasted results) in perspective to help the CEO make sound financial decisions.
- What is the financial picture of the company 3,6,12 months from now?
- What are the cash needs of the company moving forward?
- How does the business growth strategy align with the financial strategy?
- Should the company introduce a new product/service?
- What’s the ROI of the new developed projects?
HOW?
CFO services start with a deep dive into the business to identify trends, key drivers and learn about the strategy of the company. Once this is done, current financial practices and structure are gauge to make sure they reflect the company’s business model.
Budgeting and Forecasting
A sound financial plan relies on projections. Budgeting and forecasting allow the creation of a financial roadmap that links strategy with execution. Budgets should reflect reality and not aspirations.
Variance Analysis
Comparing actual results against the assumptions is the best way to find out what’s working and what’s not – and then taking decisive action to reinforce the good and correct the bad.
Strategic Long Term Planning
Whether your goal is to exit or to hold on to your business long-term, our fractional CFO services offer the financial modelling you need to prepare for investors, lenders or acquisitions.