CFO Services CFO's are a crucial component of any business. CFO's are responsible for the managing the financial risks of their business. Small and medium-sized companies that are not in a position to hire a full-time CFO are often the companies that would benefit most from the expertise of an experienced CFO. However, your company needs someone to manage your staff that can handle your current staff, review financial data, prepare statements, prepare reports, and implement controls.
Ashoka Lion Consulting does not charge anyone for an initial consultation. Our goal is to convince you that we can provide you with solid long term solutions for financial management. We are not simply a check book balancing function, but with our Big 4 experience, education, and other business experience; we can provide you with talented team to handle your needs for potentially a fraction of the cost. |
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Prepare Financial Statements Financial Statements are a critical tool for management to present the health of the company to potential investors, bank loans, or owners of the business. Small Businesses who seek loans from lending institutions can help present a clear picture to investors with financial statements. If you are planning to sell a business, then financial statements provide a rationale basis for setting a sales price or determining the worth.
Assist with Forecasting More important than understanding how your business has performed in the past is having a firm grasp on how your business is likely to perform in the future. In fact, the main reason to think about what has happened in the past is to gain insights as to what is likely to happen going forward. As your part-time CFO, Ashoka Lion will assist you with forecasting both revenues and expenses. We could not claim to be providing CFO Services if we do not. Develop and Analyze Business Plans Developing a business plan for even a simple business can be complicated and confusing. However, the success of a new business is often dependent on a good business plan. As your part-time CFO, Ashoka Lion Consulting can help you develop a realistic, simple and flexible business plan. Prepare Management Reports such as:
- Customer Analysis Reports
Many companies know who their biggest clients are? Do you know your profit margin for your largest clients? Do you know your margin for your smaller clients? Is your time better invested in focusing on core clients or do you make the difficult decision to reject those large clients who drain a disproportional amount of resources?
- Expense Account Analysis
Analyzing your income statement in detail can help you make more educated decision of where expenses are growing. What are overhead costs as a percentage of your income? Why did cost of goods grow, yet revenue did not grow proportionately? These are important analytics you may want to perform in a periodic manner to insure that the company�s money is well spent.
- Budgeting
Budgeting is important for businesses, and is often a overlooked aspect of planning. To truly evaluate the effectiveness of strategies, plans, or solutions, budgeting gives you an objective tool. By estimating cost and revenues, we can track those in a timely manner to help management make critical decisions.
- Statement of Cash Flow
To manage cash is important, and the statement of cash flows provides investors with a solid basis to understand how cash is used. Where did the cash come from? What was it spent on? Utilizing accrual accounting helps you forecast future cash activities by tracking receivables and payables, and this report helps you deconstruct and make sense of it back to the basic axiom of �CASH IS KING�.
Manage Accounts Receivable and Accounts Payable Every successful business collects revenue and pays bills. However, improving this process to make it more efficient and more easily analyzed will allow your business to separate from your competitors. Managing accounts receivable and accounts payable is where finance starts, and so one of the most important services that we can provides is making sure our customers are performing these tasks efficiently and effectively.
Prepare Presentations for Management We can develop presentation and reports that are tailored for your needs.
Analyze Business Ventures and Risk Assessment Analyzing business opportunities is different than most of the other CFO Services described here in that it is not an ongoing requirement for most companies. As a small company, you seek outside assistance when analyzing new opportunities. Whether or not you are an existing customer of Ashoka Lion Consulting, we can assist you with analysis of your business opportunities, by creating a forum to discuss your idea. We will utilize a SWOT analysis along with a assessment of your risk controls.
PRICING: Typically $150-$250 a hour, but negotiable. |
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