Large companies utilise the services of a Chief Financial Officer (CFO) to manage the financial complexity of modern businesses.
CFO services allows you to have access to the same skills on a part time basis. This function allows you to have a senior financial professional assist with managing activities such as:
Strategy development and execution:
We can assist you to make sure the business direction is clear and ensure that the key actions required to execute the plan are implemented including monitoring the impact on the business.
Organisational structure optimisation:
Structuring your business effectively can significantly improve the management of growing businesses. Having the team focused on their key tasks and objectives will significantly improve the bottom line. We are able to help you ensure both the corporate structure and organisational structure are aligned with business objectives.
Insurance Management:
We all know that insurance is a business cost but being uninsured or not insured for risks your business faces can result in significant loss to you and your business. We are able to manage this complex area in conjunction with your insurance professionals to ensure the key risks to your business are properly addressed in a cost effective manner.
Managing the financial team:
Free up your time to focus on those aspects of your business only you can deal with by engaging us to manage the administrative functions. Our experience in managing financial teams means we can get the most from your team while you focus on other functional areas.
Planning and budgeting:
It is a common expression that businesses don't plan to fail, they fail to plan. The fact is that by planning you can anticipate the more obvious potential issues you may face and ensure there are strategies and tactics in place to deal with those eventualities. This has a two fold impact on your business, firstly enabling you to address key issues in a timely manner before they become critical, and enabling you to free up time to focus on those issues which are truly unexpected. We can assist you in planning, budgeting and monitoring performance against those targets you set.
Debt and Capital raisings:
Raising funds can be a complex and daunting task. We are able to assist you by providing professional accounting advice at all stages of this process. We can manage this process including liaison with other professionals often involved in these activities. If you need to develop an information memorandum or prospectus we can help with this complex activity.
Negotiations with financial institutions:
Negotiating financial arrangements with your bankers is a core task of any CFO. This includes ensuring the right information is available in a format that your bank is satisfied with to complete the process in a timely manner. We can manage this process including the development of terms sheets and making sure funding needs are addressed early so that financing is in place when you need it.
Implementation of financial systems, policies and procedures:
As you grow, the policies, procedures and systems you have in place need to grow with you. We are able to ensure these remain relevant to your business and provide you with the appropriate levels of information, control and risk management.