CFO Services

By: KL Management Services  03-06-2009
Keywords: Management Services, Accounting & Bookkeeping Services, Accountancy Services

An effective CFO plays a number of important roles within the entrepreneurial company that are essential in providing a strong financial foundation for a growing business. Listed below are some of the critical areas in which an effective CFO will work to provide financial support for a company’s business objectives:-

  1. Implements/Supervises Internal Controls, which include effective management of cash flow and overhead expenses, establishing credit policies, and implementing procedures for measuring and evaluating optimal inventory levels. At a higher level, a CFO should also develop effective controls that provide oversight against fraudulent activities.
  2. Handles Projects With Major Financial Impact. An effective CFO will also handle those projects that require significant quantitative and qualitative analysis in order to arrive at an understanding of the options that are available, and may include conducting thorough analysis for securing additional financing.
  3. Cultivates Relationships With Outside Financing Sources. A major responsibility of an effective CFO is to establish good working relationships with banks as well as other financial institutions that may impact on the company’s ability to finance its operations.
  4. Drives Major Strategic Issues. An effective CFO can also be expected to play an important role in addressing major strategic issues that can have an impact on the company’s long-term future. Such issues might include acquisition strategy or the divestiture of particular product lines or business activities. A CFO would also play a key role in any effort to seek investment from the public financial markets or to launch an initial public offering (IPO).
  5. Serves As Key Advisor To Company Management. A good CFO will help the business owner and other top executives make the tangible connection between a company’s operations and its financial performance.

By using our outsourced CFO service, we would be able to assist your organization in all or part or the above functions, but with minimal investment.

Keywords: Accountancy Services, accountant consulting, Accounting & Bookkeeping Services, Management Services, Professional Accounting Services,