Outsourced Accounting Solutions

Outsourced Accounting Solutions

CFO On Call

CFO On Call

When you need the right resource right away!

Whether you’re a pre-revenue start-up venture or an established organization your CFO is a critical member of your team. We provide the right amount of this critical resource through our CFO-On-Call Services. Pre-Revenue, privately held and less sophisticated organizations may not require a full-time employee to fill the CFO’s role, but they do need that skill set whether it is to lead a strategic discussion once a quarter, support the organization a few hours a week or supplement regular staff on a recurring basis. Our CFO-On-Call Service provides the flexibility and expertise required to have the resource that is required without all of the overhead costs of a fully burdened position.

A solid CFO should be the unifying force within an organization’s management team because they understand the financials and the impact that strategic and operational decisions have on the organization. Your CFO should be a leader who uses financial and operational performance measures to focus the efforts of the management team to move the big rocks that impede goal attainment.

It is precisely because of this critical role that we support organizations who have suffered a sudden departure of their CFO. Our team can quickly fill the void, often times within 24 hours, that was created by a resignation, termination or leave of absence. You can expect your CFO-On-Call to provide leadership of both routine and dynamic responsibilities including:

  • Oversight of Finance and Accounting Staff
  • Review of Financial Reporting and Analysis
  • Lead Financial Presentations to the Board
  • Implementation of Accounting and Financial Systems
  • Development of Financial and Budgeting Models
  • Cash Flow Management and Treasury Functions
  • Leading Change Management Initiatives
  • Advocacy for the Organization to Outside Parties
  • Implementation of Performance Management
  • Other Responsibilities Needed By The Organization

Contact us today to discuss your needs and we will work with you to design a custom solution.

Flexible Finance Department

Flexible Finance Department

The Solution You Need In Just the Right Amount

The one constant that faces all organizations today is change! Whether it’s a new opportunity or managing a consolidating impact your team needs to have the tools and resources to guide your Company through turbulent times. Our Flexible Finance Department provides you with the resources to supplement your existing finance department to manage in a dynamic environment.

Our solution provides a versatile team of consultants ranging in skill level across a broad spectrum of experience including interim CFO’s and Controllers, to Financial Managers, Staff, and data entry and clerical support. The team, or elements of it, can be deployed either to supplement your existing staff when demands increase or to outsource functions of your accounting and finance organization on a continuous basis.

Contact us today to discuss your needs and we will design a custom solution for your organization.

Advanced Financial Modeling

Advanced Financial Modeling

Decision Making Tools for an Indecisive World

Financial models are used by our clients in a variety of functions to improve decision making. Whether it is evaluating a new business opportunity, forecasting financial results, projecting the impact of a new strategic initiative or determining capital requirements financial models have become a critical tool in the management team’s toolbox. Our models incorporate maximum flexibility and use a combination of traditional report outputs complemented by graphics where appropriate. We have found that this approach changes the experience for the end user as the results of the model can be used with both technical and non-technical audiences.

We have integrated our financial models to import data from queries run on ERP systems and other external sources of information. The focus of the financial model should be on the assumptions and results not on populating the model. We eliminate as much of the data entry tasks as possible through the efficient use of imports, tool and links where data integrity can be ensured.

Our financial models have been used by organizations to understand the impacts that specific variables have and support decision making through the following:

  • Pro Forma Financial Statements 
Understand the impact on your financial statements of decisions being made today and the effect of continuing trends. Projected Income Statements, Balance Sheets and Statements of Cash Flow with sensitivity analysis can help your organization to understand impacts, critical variables and where vulnerabilities exist in the current plan and to set expectations for the future.
  • Integrated Operations and Financial Modeling 
Our clients have used a fully integrated set of operations and financial models in order to forecast future headcount, capital expenditures, evaluate new opportunities, develop zero base line budgeting models, and support strategic initiatives.
  • Dynamic Operating Budget Models 
Budget models that are built and substantiated by the true costs, volumes and drivers of financial performance change the budgeting process from one of debating around increases from prior year to one focused on results and outcomes. The SALY (Same As Last Year) approach to budgeting does not address the business needs of an organization.
  • Capital Formation Strategies 
The development of models that mirror your business allow for the determination of the appropriate amount of capital to raise, from what sources and at what expected cost given current market trends and expectations.
  • Enterprise Value Management
 Every well executed plan begins with the end in mind. Many organizations recognize that their end goal is to merge, be acquired or to sell to a successor that can develop their ideas into a broader market. However, for the risk entrepreneurs take in the early stages of their ventures they need to make sure they are adequately compensated when they sell. Through our fully integrated models, we can include estimates of value for the enterprise as a whole so that management can evaluate the impact of decisions on shareholder value.

We provide our clients with complete model development or an external review of the models that are currently utilized. Our team can provide feedback on a financial modeling concept, function as a project manager or provide complete development of a financial model customized for your organization.

Contact us to discuss your financial modeling needs today and we will develop a solution for you.

Outsourced Accounts Payable Solutions

Outsourced Accounts Payable Solutions

The Solution You Need In Just the Right Amount

Accounts payable management and administration is a core function that any business must manage well if it is to succeed. On its surface the accounts payable function may appear to be a necessary evil that takes a certain amount of resources to administer – in other words it’s just a cost of doing business. However, what if you could leverage technology to reduce the cost of processing those receivables, while integrating the accounts payable function as part of your cash management strategy, and providing greater control over the entire process?

Our outsourced accounts payable solution takes the busywork of accounts payable out of your office while increasing control over the approval process and improving access to the timely information you need to manage your business. This is accomplished through leveraging a cloud based solution that scans invoices as they are received by fax or mail, routes them to the appropriate supervisors for approval and schedules them for payment based on cash management protocols.

This solution has resulted in the reprogramming of clerical positions to roles that add value for the organization, while improving the control environment and increasing cash on hand.

Contact us to discuss how we can help you implement this solution in your organization.

Receivables Management and Collection

Receivables Management and Collection

Cash Is The Lifeblood of Your Business – Get More of It In The Door Faster

Our team understands that Cash is King and if you extend credit to your customers or are not paid until your services are rendered or product delivered then you know that getting that cash flow into your business is critical for success. We have solutions to help you from instant invoicing of your customers to being the bad guy when it comes time for collection of delinquent receivables.

It is human nature to personally like our customers and clients. Calling customers to be accountable for their commitments can lead to confrontation which can be very uncomfortable for the service provider. Our team is trained and skilled in the implementation of solutions that separate the service provider from the collections function at your organization. However, through our management of your receivables you will improve your cash flow because:

  • Invoicing will be simultaneous with service or delivery of goods.
  • Follow-up will occur at pre-determined aging of receivables.
  • You will receive earlier feedback regarding service or product quality concerns that you can remedy and still receive full payment.
  • Our methodical process results in your invoices being the “squeaky wheel that gets greased” – or cash in this case.
  • We can work within parameters to set up payment plans with your customers that result in a greater percentage of the receivable balance being collected.

Please Contact us to discuss your receivables management process and we will work with you to design a solution that results in greater cash flow, improved communications with customers and fewer bad debts and write-offs.

Bookkeeping and Reconciliation Services

Bookkeeping and Reconciliation Services

Leave the Debits and Credits to Our Team So That Your Focus is on the Growth, Results and Performance of Your Organization

Our team can support your organization with timely, accurate and cost effective updates of your books and records on a schedule that works for you. We will work with you to build a system that takes the pain out of keeping your accounting records up to date. On a defined schedule we will record your transactions, update your records, perform balance sheet reconciliations and generate a set of financial reports for your review.

This service will allow you to focus on what you do best – growing and managing your business! Instead of expending time and energy to update your records, you can be calling on new clients, addressing performance issues or developing a new service or product. Organizations who have their members specialized in the duties and responsibilities for which they are best suited achieve greater results.

Please Contact us today to arrange for a no-obligation consultation and see how we can help you put the focus back on the results of your business.