About Us : Testimonials

Group CFOs

$3 million Computer Reseller

CFO involvement is 6 to 10 hours a week

• Implemented new management reporting system with emphasis on weekly management reports and quick monthly closings.  Established key performance metrics for day-to-day management use.
• Developed forward looking P&L and cash flow projections that helped banker increase credit line from $150,000 to $350,000.
• Worked hand in hand with owner to reduce overhead, better manage inventory, and increase productivity.
• Developed company-wide incentive compensation program to increase manager and staff productivity.

$10 million Contractor

CFO involvement is 16 to 20 hours a week

• Provided banker with information to support an increase in credit facility from $750,000 to $2,000,000.
• Improved cash flow significantly with emphasis on project planning and execution.
• Implemented monthly executive meetings to review job performance and company operations with a focus on job costing and project profitability.
• Reorganized entire admin staff to eliminate redundant tasks, improve performance, and increase accountability. 

$5 million Office Equipment Distributor

CFO involvement is 14 to 18 hours a week

• Implemented integrated accounting system that provided real-time operating results, integrated multiple product/service lines, and improved internal processes.
• Streamlined administration by revamping internal processes, implementing employee handbook, and improving the incentive compensation structure. 
• Developed forward looking budget and cash forecasting tools to help owners understand business profitability and improve their results.

Services Firm - annual sales $3 million

CFO involvement is 8 to 12 hours per week – since Fall 2002

• Provides management and banking partners with routine, timely monthly financial statement & analysis package.
• Developed weekly cash forecasting system to isolate periods of peak cash needs.
• Developed “first-ever” pricing model to help maximize margins and profitability.
• Worked with banker to develop expanded financing arrangement for the company.
• Aligned the business with a dynamic, proactive CPA firm to meet lender requirements and provide a strong, strategic tax planning partner.

Specialty Contractor - annual sales $25+ million

CFO involvement is 10 to 15 hours per week – since Jan 2003

• Completely redeveloped internal management reporting package allowing for meaningful monthly review of operating results for all projects and individual offices.
• Implemented integrated budgeting and forecasting function allowing management to proactively manage business cycles, cash flow and capital equipment purchases.
• Worked with management to realign business units to position company for growth.  Efforts resulted in 30% growth in revenue and 150% increase in profits over a two year period.

Not for Profit – annual revenues of $4 million

CFO involvement of 8 to 12 hours per week – started mid-2004

• Established the general ledger structure for newly created organization with multiple companies and in excess of 20 funding sources of restricted and unrestricted funds. 
• Developed budget to align funding sources and outcomes for multiple reporting periods.  Developed tools to address the grant reporting requirements.
• Recommended strong CPA firm for annual audit and tax support. 
• Assisted in the transition to a full time CFO as business needs grew to a point where one was needed.