​Step 1: Analyze and Assess

The first step in the process is an initial analysis of the financial story as told through historical reporting, which allows us to asses the successes and pitfalls of your company in order to prepare directional alignment for future goals. The initial step is generally accomplished within three months.

• 3 year historical review of financial reporting

• Review with tax accountant for further understanding

• Discuss equity and partner structures

• Detail revenue sources and associated cost of goods

• Review compensation structure for employees of all levels​

Step 2: Streamline & Implement

Using the understanding of business operations and financials, our team works with the internal accounting department to implement financial controls and technology that will streamline processes and improve the clarity of financial reporting and understanding. The step is generally accomplished within six months.

• Install correct controls for accounting

• Improve technology accounting department use for ease of input and recording

• Review vendor relationships and find economies or savings

• Train bookkeeper or staff accountant and other key employees on financial understanding

• Create and implement budget and revenue projection

Step 3: Identify and Monitor

The historical analysis and financial controls allows us to identify key metrics for your company and custom tailor a KPI (Key Performance Indicator) Dashboard for the CEO to monitor. This dashboard includes metrics most important to CEO and presented for ease of understanding. The initial step is generally accomplished within nine months.

• Use budget and forecast to align or compare with industry as applicable

• Set up ranges of key financial metrics to aid in strategic planning and cash management

• Identify specific internal metrics for improved productivity and profits

• Develop CEO dashboard to aid in real time decision making

• Compare monthly planning with actual performance

Step 4: Growth Strategy & Planning

In the culmination of the process, the CEO and Your Outsourced CFO take the metrics and knowledge gained from the first three steps to make real-time decisions, discuss strategy, and plan for growth. This stage is generally reached within twelve months as the partnership fulfills one full sale and budget cycle and leads to a continued long term strategic relationship.

• Develop a 1 - 2 year plan for initial growth targets

• Assist in identifying and mapping out markets, locations, or additional services to expand revenue

• Highlight a time frame for needed capital, and align debt or equity markets to accomplish growth

• Work with banks, investors, or boards to clarify and report on progress

• Discuss and plan business succession or exit planning needs and continue strategy through accomplishment