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Interim Chief Financial Officer or Part-Time CFO
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The job of the CFO is critical in every organization. Occasionally a CFO will depart an organization with short notice leaving a void in a critical management role of the Company. Identifying a seasoned CFO who has faced most of the challenges seen by CFO’s today, takes time. An interim CFO can fill a critical void during the search for a permanent CFO. In addition, some companies need the experience of a CFO but due to the size of the company cannot justify a full time CFO. A part-time CFO who is active in the financial management of the organization and its financial results is a valuable resource for the management team to obtain financial management insight. Navigating through difficult cash flow problems requires careful management of resources, as well as, developing important and trusting relationships with vendors and lenders.
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Finance event project management
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In some cases a company has a CFO but do to an event finds his/her plate to be overflowing. The event could be an M&A transaction,an IPO, or a first year audit. Other possibilities might be a financing or a dramatic/serious change in revenue which requires revised forecasts. These projects require his/her knowledge and expertise and not enough hours in a day to be involved. In short, if the CFO needs help or if the position is vacant, I can provide the needed resource. My ability to quickly understand an organization, its industry and the metrics that drive a business creates immediate value for the enterprise. I have spent my career serving organizations in different industries and believe it to be one of my strengths.
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Strategic Financial Management
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Strategic Financial Management involves the high level complex decision making necessary to, evaluate expansion opportunities,mergers and acquisitions, spin-offs sales of existing assets, and making decisions on investment opportunities. This requires having the financial know-how necessary to skillfully guide any organization through the process.
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Financial Performance Oversight
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Financial performance oversight requires management to be actively involved in the financial management of the organization. This includes setting financial plans, monitoring and evaluating the implementation of these plans and ensuring that any necessary adjustments are put in place as soon as possible. Understanding the requirements and metrics needed to effectively monitor performance requires the skills of a seasoned CFO regardless of the size of the company.
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Finance Organization Development and Training
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Staffing and training the members of the finance organization as well as persons in departments that can affect the transaction integrity of the finance department output is critical. The teaching skills needed in order to be effective are of paramount importance. Often time’s individuals are in the wrong position and often times they are performing their duties ineffectively. Both of these situations need to be dealt with urgently.
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Audit Preparation
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A company may be faced with the need for an audit by a Certified Public Accountant or a government agency. This need can be the result of the covenant's in a recent financing or the intent to take the company public. Depending on the nature of the audit, the gathering of audit evidence and the preparation of audit schedules can be a very time consuming task. Knowing what an auditor is looking for to satisfy the audit requirements may also be a challenge. If too much of the preparation work for the audit is done by the audit staff this can translate into a very costly fee. Having a skilled professional to supervise the preparation of this information can be a time saving and cost saving event. |
