CFO Services for Small Businesses Nationwide
Impacting business outcomes
When you start or operate a company, you take on many different jobs and responsibilities at once. As the company grows and succeeds, there comes a time for many small and mid-sized businesses when the amount and complexity of work justifies the need for an experienced and flexible chief financial officer to help maximize profitability. Impact CFO Services revolves around helping you simplify your business finances while preparing it for growth.
Cash flow reporting and forecasting
Cash flow is the lifeblood of your business and thus needs to be a focal point to ensure you have access to enough cash to meet operational needs. Companies of all sizes that fail to plan for positive cash flow quickly run into problems paying bills, especially when business owners end up evaluating results after the fact rather than proactively taking action.
Impact CFO Services will develop a forward-looking cash flow forecast and help you set up regular reporting while assisting you in evaluating how best to deploy your limited resources. When it comes to cash management, we help you get out of the court of opinion and into the court of fact.
CFO services
Are there times when you need a CFO’s expertise and strategic input, even if you aren't ready to hire a full-time finance professional? Perhaps your current staff needs help and guidance on a weekly or monthly basis for accurate reporting.
A qualified advisory CFO can save you more money on the cost of services and certainly costs less than hiring an employee for a full-time position. By providing the business with a voice of stability and experience, your company will get accurate, actionable reporting and analysis to drive more success. Impact CFO Services offers the flexibility of having a chief financial officer in your office one day a week (or less) up to full time, helping you design a program that works with your needs and your budget.
Month-end close and analysis
How is your business performing financially? Impact CFO Services simplifies your month-end reporting so that you can clearly see your results, and more importantly, understand what these results mean!
You may know how much you sold, but can you see the true costs associated with those sales? These types of questions are answered via our clear and accurate month-end financial statements. Part of this process includes the creation and implementation of a business budget because we believe that what gets measured gets done.
Banking relationship and reporting
Does speaking with your banker in specific financial terms put you out of your comfort zone while you struggle to ensure the information you’re presenting is both accurate and professionally prepared?
With Impact CFO Services, our clients feel confident about their financial discussions with the right materials and knowledge at their fingertips. Your relationship with these important advisors is valuable, which is why knowing what to share and when to share it will improve the quality of your interactions.
Incentive compensation plans
Is your compensation strategy driving the business forward? Compensation can be a powerful tool in your organization. Developing simple and effective plans that reward outcomes and results, rather than hours and intentions, is key to getting better productivity and engagement.
Does your current compensation approach pay for time, or does it reward performance? Impact CFO Services will work with you and/or your HR professionals to create well-structured plans with measurable success indicators that link employee compensation and benefits directly to your organization’s prosperity.
Business performance scorecards
It’s critical that you manage your business proactively instead of constantly trying to keep up in response, but to be proactive, the company goals must be tracked and communicated across the business. Impact CFO Services will work with you to provide scorecards that work as a simple, effective visual representation of your monthly results.
Scorecard items, as defined by EOS, are forward-looking, activity-based numbers with weekly goals that lead to desired outcomes. Impact CFO Services works with your business to put together clear and easy-to-use scorecards that align your overall business goals with specific goals for various segments of your business anywhere in the United States.