"The financial dashboard instituted by CFO Business Solutions allowed us to have a clear picture of our fiscal condition. We were finally able to determine which of our product lines were profitable and as a result we took the necessary steps to restructure our company and return to profitability. The new cash flow system you created has become a valuable financial tool for our business. We are able to forecast ahead for any collection problems. Our business has been transformed."
President
Distributor of Industrial Equipment
Part Time CFO
We are the solution for the business that needs the skills of a chief financial officer, but doesn't require a full time CFO. As your part time CFO, we help you maximize your company's profitability and shareholder wealth by monitoring its operations and by establishing strategic goals through the development of a budget and business plan. You gain the benefit of a wealth of experience without the cost of a full time salary and benefits. We provide you with the support you need so that you have the time to do what you do best.
What We Do
We provide management and assistance in the following areas:
- Developent and implementation of a strategic business plan and budget
- Analyze budget variances
- Improvement in the quality and timeliness of monthly financial statements
- Establish accounting and reporting systems and procedures
- Perform a "fiscal physical" to identify all possible cost savings opportunities
- Evaluating insurance coverage and premium costs
- Prepare cash flow projections and budgets
- Establishing and monitoring line of credit or alternate financing arrangement
- Supervise, review, train and evaluate accounting staff
- Assist with yearend closing and serve as an interim controller if necessary
- Turnaround and right size planning and implementation
- Evaluate the profitability of a new product or service
- Due diligence for the sale or acquisition of a business
- Creation and implementation of a financial dashboard