If you can relate to any of these topics, we can help.
I need to accelerate my company’s cash flow.
This is a common issue for most businesses. Processes we implement and maintain on
your behalf include the hands-on ability to:
- Identify key elements of the company’s cash cycle
- Analyze the Invoice process to insure complete and timely billing
- Develop an effective Collections program to maintain regular cash inflow
- Execute the Collections process remotely
- Interface with vendors and lenders to extend payment terms
- Explore alternative sources of funding the business and maximize available credit
How do I control costs?
Everyone wants to do a better job of keeping costs in line with sales. This is how we help make sure your company is spending appropriately:
- Identify areas of focus for expense reduction
- Develop expense guidelines and cost control programs
- Create a financial model as basis for monthly forecasting (short & long term)
- Update the forecast worksheet monthly (for early detection of changes in your business spending)
- Interface with client CPA for input to tax planning strategies
We need to maintain our finance and accounting functions with fewer people.
Developing, implementing, and following good procedures can increase productivity for your company. Outsourcing this “re-organization” to our team will maximize your efficiency through:
- Assessment of control processes and accounting procedures
- Review of organization chart to assess accounting resource requirements
- Written procedures manual for accounting
- Referrals to and integration of procedures with specialized service providers: Payroll, CPA, insurance, bank, HR, benefits providers, etc.
- Training of direct staff in accounting, administration, payroll, and benefits processing
- Creating a portfolio of customized document templates for use in HR, accounting, and general administrative functions
- Review of Chart of Accounts with recommendations for improvement
- Software feature review for accounting system application/selection
- Implementation of computer systems: accounting, timekeeping, commissions, etc.
- Recommendations for additional development of the client’s accounting tools
- Generate compliance reports for Worker’s Comp, Sales Tax, Property Tax, etc.
How can I better understand and use my financial reports?
We’ll demystify the standard financial statements for you and highlight the information most critical to running your business. Having a “second set of eyes” to design and customize your reports, dashboards, charts, etc., can dramatically improve your business decisions. Services we provide:
- Periodic review of financial reports and performance to Plan with management to identify variances and their impact
- Generate and maintain detailed account analysis worksheets to promote understanding of the Balance Sheet
- Design reporting/presentation of key performance metrics (customize dashboard)
- Generate monthly financial reporting package to provide full disclosure of financial health to management and/or Board of Directors
- Perform ROI analysis of proposed product lines, marketing or development projects