When growing your business to meet the demands of your customers or your business and financial goals, sound financial management is key to keep you on track. Utilize seasoned and proven financial management talent to elevate your business success to the next level. Financial management support and guidance is tailored to your unique needs.
Business Financial Management
- Developing and implementing a formal structure for your business finances to ensure your business is optimizing its profitability and financial results
- Structuring a productive and profitable relationship with your bank by evaluating loan structure and terms, depository bank account terms and other bank products appropriate for your business
- Company profitability analysis
- Customer profitability analysis
- Expense / overhead analysis
- Vendor pricing negotiation
Management Relations
- Management team retreats
- One-on-one management coaching
- Presentations to management team
- Presentations to Board of Directors and investors
Interim CFO
- Placement of a part-time financial manager and strategist in your organization with regular interactions that will strengthen the financial management aspect of your business
- Negotiate agreements with customers, vendors, banks
- Work with external auditors on complex issues, leverage their fees
- Income statement and cash flow statement reviews
- Presentations to Board of Directors and investors
- Income statement and balance sheet forecasting / budgeting
- Cash Flow analysis and projections
- Bank debt / covenant management
- Support revenue-related contract reviews and support customer negotiations
- Manage your existing finance staff and augment as needed
- Month-end closing, including multiple business consolidations
Succession Planning
- Planning to achieve the optimal result from selling or transferring your business
- Review of financial information and develop strategies for optimizing sales price
- Benchmarking financial performance with the industry
- Develop strategies for negotiating with buyers
- Develop and implement structure for transfer of business to family members
Business Sale/Purchase Analysis and Due Diligence
- Evaluate start-up businesses from a financial, organizational and risk management perspective to ensure it meets your short-term and long-term expectations
- Perform due diligence on the business being purchased to verify financial statement and operational information
- Assist with purchase price negotiations with the seller and legal counsel
- Evaluate and recommend changes in your business in preparation for sale to maximize the sale price result
- Assist with sales price negotiations with the buyer and legal counsel
Business Risk Management
- Evaluate your business practices and risks
- Ensure you retain the legal liability protection afforded with your corporate entity structure
- Recommend and implement changes to protect your business and personal assets
- Ensure your business insurance coverage limits are adequate based on your business profile
Human Resources
- Oversee and/or participate in employee hiring and termination transactions to ensure procedures are followed and risks minimized with these high risk events
- Advertisement and screening process for hiring employees
- Employment forms processing
- Payroll forms processing
- Employee counseling / exit interview documents to minimize your risks with employee turnover