There is a misconception that a Chief Financial Officer (CFO) is a role only available to large corporations. However, if you continue to hold this view you could be doing your business a critical disservice. Having the commercial guidance of a CFO can get your business from where you are now to where you want to be.
Are you asking yourself whether your business needs the following:
More financial expertise to help you boost performance
More accurate financial figures
Advice on how to get your business to the next level
Strategic business advice and guidance
Help to implement better financial systems and processes
Help to manage your business’ growth and ensure you maintain healthy cashflow
Advice and support to undertake a business critical project
Whilst your accountant may be providing sound tax advice and preparing historical financial results, most small and medium size enterprises require a more sophisticated level of advice in order to achieve their needs.
Financial management is the guiding light to the business that measures the performance and outcomes of implemented strategies.
It is critical that a business has control of its financial performance, particularly its cash flows. This includes management of its revenues and costs and ensuring that it is optimising its return on business assets. But more importantly is setting in place the long-term strategy of the business and monitoring and reporting against targets.
In order to achieve the long-term needs to the business it is necessary for financial information to be accurate. However, that is just the beginning.
It is necessary to set long term goals and plans and measure against those targets. To do this it is a matter of understanding and interpreting the current financial results and navigate the business to reach those goals.
Services
The services that Executive Financial Services provides include:
• Establishing financial budgets and forecasts
• Financial modelling
• Review the performance of the existing finance function
• Creating operational and financial Key Performance Indicators (KPIs)
• Designing management financial reporting systems
• Analyses of monthly financial reports and KPIs
• Cost-cutting and revenue-building operational advice based on analyses
• Debt and Equity capital raisings
• Regulatory accounting in addition to better business reporting
• Development and implementation of digital reporting tools