CFOWise

Operations

Before we formally begin working for a client, we conduct a complimentary fiscal assessment of the business. This allows us to determine if we can effectively assist the business as well as define the costs for our services. At no-cost, our fiscal assessment process provides an amazing benefit to any company. They get several hours of our time and they will receive great information that will start them on the path to gaining clarity, maximizing cash flow, and so on. Once we have completed this process and we feel we can help the company, we will attach a proposal for our services as the back page of the fiscal assessment document.

The results of the fiscal assessment are kept strictly private and secure – we will only share them with you and anyone else you designate. To ensure this, we are happy to sign a confidentiality and non-disclosure agreement with you – either ours or yours will work. We compare your company’s financial ratios and metric to industry benchmarks and we highlight areas in your business both that are going well and that could use some attention.

We do not require a signed contract with our clients. We work on a good faith basis wherein we focus on serving the best interests of our clients so long as we mutually agree we are adding more value than our services cost. We are unable to fairly respond to any questions related to the costs of our services until we complete our fiscal assessment. Only with a firm understanding of the needs of the company are we empowered to discuss the costs to hire us.

When hired by our clients, we assume the role of the Chief Financial Officer of the company. You may introduce us to your banker, lawyer, CPA, employees, and others as such. We do not change assignments within our CFO firm or rotate our CFO consultants throughout our clients. Your CFO will be the same person that performed the fiscal assessment of your business. Pending any major changes, you can expect to work exclusively with your part-time CFO.

We are often asked if we replace the CPA of our clients. We do not. If you think of a large corporation, they have both an internal CFO who leads the accounting and finance functions of the firm as well as an independent CPA firm. The two functions differ significantly, yet in our role as CFO we work very closely with the CPA of each of our clients. In fact, most CPAs typically appreciate their relationship with our clients more once we are involved because we are able to take care of things internally so they can focus on tax, compilation, review, audit, compliance and other work that your company needs.

When we begin our work as the CFO of your firm, we quickly get to know your existing staff to become part of the team. We help train your staff to be more productive and add more value to your business. We do not replace your staff or try to outsource other accounting and finance functions – everything stays in-house where it should be. We do help our clients to shore-up their accounting and finance procedures and the job descriptions for each person on the staff. If changes need to occur, then we assist in identifying, hiring, training, and retaining the positions required to keep the accounting, finance, and administrative parts of the company going.  In every respect, our CFO services will add value to almost any organization and help them attain competitive advantages they would have otherwise lost.