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INTERIM CFO SERVICES
There are times when a business needs
additional expertise to help manage its financial affairs.
The need might be based on a particular project, a particular
phase in the financial life cycle of the business or simply
related to an on-going management requirement. For example:
- Crisis Management - Your
business may be struggling with issues related to cash
flow, supplier deliveries and bank lending. As such you
may need temporary help from a financial professional
experienced in such matters until your issues are resolved.
- Specific Project - Your
business may be looking to secure a lending arrangement
with a new bank. In this case your staff may not have
time to put together the lending proposal that includes
a source and use of funds statement, historical financial
data, business plan and financial projections. A temporary
financial professional can help fill your resource gap.
- Interim Position - Your
company may have had a your senior financial person leave.
The business may require some one to assume part of that
person's duty while you sort out the type of new person
you want to hire, find them, interview them and employ
them. An interim financial professional can fill that
void.
- Ongoing Part-Time Advisor
- Your business may not be big enough and/or complicated
enough to merit a high level full-time CFO. However it
does require frequent strategic oversight, general financial
planning and basic business oversight beyond the scope
of ability of your current staff. Our interim CFO service
can help fill that gap by working with you on a part-time
basis; be it weekly, bi-weekly or monthly to help provide
the higher level of financial expertise your business
needs to grow without the full-time expense.
SAMPLE CFO ENGAGEMENTS
- CFO/Technical Services Company
- Ongoing engagement. During first 3 years business grew
from $0 - $3.5M in annual revenues. Established finance
and accounting function, secured required insurances and
obtained line of credit and term loan financing.
- CFO/Event and Product Promotion
Company - Worked with client during change in financial
management. Established company budget process and business
planning, secured new lending arrangement and helped management
expand into new markets.
- Director of Finance/Aerospace
Manufacturer - Assisted management team of publicly
traded NYSE Company to proactively prepare for projected
industry downturn, worked to help implement and monitor
expense reduction plans, helped stabilize quarterly earnings
prior to acquisition of company.
Our interim CFO services are provided on a sub-contractor
basis, which means there are no employee benefits or payroll
taxes to be paid by your company. We are prepared to work
daily, weekly or monthly based on whatever service meets
your needs and budget. We will be glad to discuss your staffing
need with you. If we can help bring value to your business
we will be glad to do so. If we cannot help we will tell
you that too. We measure our success by your success.
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Professional
Perspective
COST EFFECTIVE
Using
the services of an interim CFO or experienced
senior financial professional can be a very
cost effective solution for a business with
a specific identifiable need. Our hourly
and/or daily rates are higher than a full
time employee. However, under the sub-contractor
arrangement there are no employee benefits
or taxes. Our mission is usually well defined
and easily monitored. If you do not feel you
are receiving value for your money you can
terminate the engagement at any time without
concern for layoff procedures or post separation
payments. Utilizing an experienced interim
financial executive for a specific task, for
a specific period of time at a known cost
can be a very cost effective solution to your
business needs.
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