|SCS ADVISORY GROUP|
|STRATEGY. FOCUS. LEADERSHIP. RESULTS.|
The financial services needs of a small business frequently extend beyond the customary work of an accountant or bookkeeper, but do not justify the expense of a full-time CFO. Additionally, though many small businesses have a CPA, that individual (firm) has an ethical obligation to remain independent from key aspects of your business, including strategic issues, cost management, and more. While the failure to bridge this gap in financial services may not be fatal, skillfully delivered financial services can often be the difference between a company that has sharp visibility and control over its future and one that is failing out of control.
When this VIRTUAL CFO work is well done and used effectively, financial tools and metrics become integrated with all aspects of the business, helping drive performance and serving as a common benchmark for company and team goals.
Our VIRTUAL CFO work will be tailored to fit your needs, though often it includes:
(1) Annual financial targets for key business units of the organization
(2) Cash management guidelines, together with simplistic cash management reporting tools which can be used by management to improve its handling of cash accounts
(3) Industry benchmarking tools and reports which will help keep the organization apprised of its performance relative to others in the industry
NOTE: Items (1) through (3) above are the “ANNUAL FINANCIAL PLAN”
(4) A written quarterly report and review of the business’ financial performance as measured against budgets, targets, industry benchmarks, and more --- prepared in an easy to understand format, and combined with a summary of key areas of excellence and key areas which need greater attention and improvement