If you read our premier posting, you probably already have some idea of the benefits of our services, such as FP&A or CFO consulting. But we thought we’d follow up to highlight these benefits and the need for these services and why you’re in good hands with us.
First off, congratulations on getting your business to this stage, that’s not an easy accomplishment. While the internet has revolutionized many things, including bringing you closer to your customer and opening many new channels of information, it also means you are now competing with businesses all around the world. But where does it go from here? How are you doing compared to your competitors, what sets you apart? How are your margins, are you giving away money? Where should you invest in making sure your business is ready for the future without putting your company at risk?
Our founder has answered these questions for some top companies in the world, such as Microsoft and Manpower Group Inc., and has helped them navigate many different strategic channels. When you compare your business, or yourself, to other successful businesses or to those that have failed; the difference is often only 1 of 2 mistakes, poor choices, or choices that have been made without the proper vetting or professional insight. Choices that may seem routine, if not scrutinized, can be your undoing.
Yet, as a business owner, you do not need to make all these choices alone, and you shouldn’t. Your business, your product, your process, and your service are where you are an expert, and finance, analytics, and strategy are where we are experts. Together, we can help your business not only grow but thrive.
With your expertise in your business, we wanted to highlight some of the areas we are experts in:
- Budgeting, business planning, including 3-5 year financial forecast, capital expenditures, and analyzing opportunities to grow or expand
- Historical result analysis very budget, forecast, prior period, and variance analysis to explain variances to expectations and recommendations for improvement
- Creating and maintaining financial models and forecasts of the company’s financial performance and future operations, including proforma’s and strategic initiatives
- Cash flow forecasting and analysis, where is your cash going, and determining the best use of your cash
- Business cases- all investments and expenditures should have business cases done to set expected ROI, payback periods, and expected performance of the investment along with risks associated with the investment. There should be done and also measured on a regular basis to confirm your decision and help with future decisions
- Preparing reports, KPI’s and benchmarking to support leadership and assist with decision making
- COGS and margin analysis to determine which products/services are winners, which need improvement, and if any should be cut
- Metrics and reporting on the company’s overall financial health and key metrics analysis
- Examining the cost-efficiency of each department, and if there is room for improvement
- Pricing- looking at current pricing and future pricing strategies to optimize margin. This is a key area that all successful companies do well
FP&A and CFO services play a crucial role in a business. It’s almost impossible for a business to grow and be consistently profitable without proper planning and cash flow management. And if a business is able to do so, it’s probably luck, and like all luck, it will only last so long.
In today’s competitive landscape, you can be sure if you do not have the right team in place, and the proper planning, controls, analytics, and strategy, then your competitor will. We can take this journey together, and help ensure it’s a successful one.