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Business Advisory/CFO Services

Sometimes you need more than compliance assistance to fully understand your business lifecycle and how that integrates with your goals, fears, strengths and weaknesses to recognize what that means for your business or organization.

By nature, the special projects handled by a chief financial officer, such as loan packaging, budgeting, mergers and acquisitions, software and hardware selection, and tax planning, are critical to your growth. The same can be said of your controller producing accurate and timely financial statements. When the CFO is pulling double duty, something suffers, and usually it’s the day-to-day accounting operations.

One of the most critical questions a growing business must answer as it develops its strategic plan is when to hire a CFO. For many small businesses, there rarely are enough projects to keep a full-time CFO productive, so to save money, many rely on their controller to act as both CFO and controller, which can be a costly mistake.

Sometimes you need more than compliance assistance to fully understand your business lifecycle and how that integrates with your goals, fears, strengths and weaknesses to recognize what that means for your business or organization. Whether it’s completely outsourcing your CFO services or co-sourcing to boost your team’s efforts, the Ericksen Krentel team can provide you with the support to continue driving profits.

If you have a strong internal financial services team, we’ll provide the objective information and advice you need to make informed and proactive decisions. If you have limited resources or do not have a team in-house, we’ll roll up our sleeves and work closely with you. Our advisory team can pull on a range of experience with myriad industries to provide advisory services to help you take a deeper dive into your daily, monthly, quarterly or annually financial reporting to understand your numbers and operations and make strategic decisions to grow your business.

Working with our advisory team to support your overall growth strategy includes:

  • Budget preparation, analysis and advice
  • Historical financial analysis and advice to management
  • Financial strategy and modeling (forecasts/projections)
  • Real-time cash flow analysis and advice
  • Market analysis
  • Strategic planning (financial and organizational)

As you grow and it becomes clear you need to bring in a CFO or controller, we can help you search for and hire the right professional. By the time you are ready to take that step, the function – and your expectations – will be clearly defined, and we’ll be here to ensure a smooth transition for years of continued success.

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