CFO Project

In some instances, businesses may need the services of an seasoned financial manager to fill a specific position for a limited time. Each of the following situations are good examples of when such an individual is needed:

• When a key financial manager abruptly leaves the business and the remaining owners must immediately fill the financial management void.
• When a special opportunity presents itself and must be seized immediately, except that financial management controls and systems must be in place. If not, the opportunity may be lost, or, even worse, another business may seize the opportunity before you.
• When an entrepreneur starts a business that requires financial management skills that they do not possess (in addition to the skills to deliver the core product or service). Such skills include cash flow analysis and projections, bidding & estimating, financial statements & reports, profit planning, etc.
• When a business owner must concentrate on generating business for the company and does not have the time to devote to developing or managing each financial detail of the organization

The CFO Project (staffed by a Project CFO) is full-time, on-site performance as the company's chief financial executive, responsible for all financial functions, and the development of all key financial personnel. This includes authority to develop and install the best and most practical financial controls and systems for optimal efficiency and productivity. Such controls and systems include cash flow analysis and projections, bidding & estimating, purchasing, overhead allocation, customized spreadsheets, financial statements & reports, profit planning, etc.

There is not a facet of the financial function that the Project CFO will not touch. However, the Project CFO takes or assumes no responsibility for any matter of payroll, for the processing of payroll, or for the payment of payroll taxes. Likewise, the Project CFO will not have authority to sign company checks or drafts, or to directly access any bank account. Nonetheless, the Project CFO will have continuous input as to the best financial practices under the circumstances. The Project CFO will prepare periodic reports regarding the progress and the remaining aspects of the project.

The CFO Project also provides customized and specific training and development to the individual assuming the role of the chief financial officer after the project is concluded. That way, the incoming CFO will have a fully developed financial functional at their disposal, rather than having to expend the time and resources to build one from scratch.

The CFO Project is delivered in whole month increments (e.g., 30, 60, or 90 days).

The value of the CFO Project is best expressed in terms of having accurate financial information available for executive decision-making.

Complete the Online Questionnaire below, and a representative will call at an appropriate time to discuss specifics about the CFO Project.