Services
There are many reasons your business may benefit from the services of a fractional CFO — even with a good in-house financial team already in place. You may find outside assistance especially useful in cases where:
- You need to make the leap from being a solopreneur to a business
- The ROI in your startup is not paying off as expected, leading to longer hours and financial tension
- You lack effective cash flow management
- You want a better way to make sense of your financial data and what it means for your business
- You need a better understanding of income statements and balance sheets
- You need a strategic partner that navigates a rapidly changing business environment
- You need to raise capital
- You find yourself in over your head or are dissatisfied with the service you’re getting from your current staff or providers
A valued fractional CFO resource who specializes in meeting your needs can help — browse our services for a sample of how we can assist.
Technology
Operating a seamless technology environment is the foundation for any business. Having an effective accounting system provides increased financial visibility, improved decision-making, and reduced costs. Services include:
- Evaluating current system, vendor selection, and implementation process
- Developing monthly financial package
- Creating Key Performance Indicator (KPI) dashboard
- Evaluating technology acquisition
- Technology integrations
Month-End Closing
Providing timely and accurate financial reporting packages requires a smooth month-end closing. Understanding cycle time and workflow dependencies and streamlining processes are our specialties. Services include:
- Redesign of monthly accounting process – improving accuracy and reducing the time required to complete the closing
- Monthly review and analysis of financial statements
- Monthly budget vs. actual analysis
- Creating Key Performance Indicator (KPI) dashboard
Banking & Credit Facilities
Partnering with a business banker to serve your business needs is fundamental to sustainability and growth. TCN Contract CFO Services offers:
- Review of bank agreements
- Self-financing vs. credit markets
- Negotiating debt arrangements
- Evaluation of capital structure
- Debt restructuring
Budgeting/Forecasting Development
An effective budget establishes milestones for revenue growth and expense control. A budget helps you stay focused on achieving your financial goals. We assist with:
- 13-week cash forecasts
- Annual budgets
- Forecast models
- Financial modeling
Taxation
Tax preparation can be complicated. Let the experts handle it. Includes:
- 990 and 1120 Tax Returns
- Sales/Use Tax
- Tax consulting
Business Relationship Development
Building a positive reputation with business partners requires open communication, accessibility, and flexibility. We provide introductions to critical strategic partners:
- Banks
- Insurance brokers
- Payroll processors
- Medical insurance brokers
- Supply chain
Investor Management
Investment requires managing the relationship between your company and investors. Services include:
- Communicating business strategy
- Reviewing financial returns
- Developing investor relationships
- Sharing financial outlook and budgeting constraints
- Reporting cash flow and liquidity
Staff Development
Evaluating training needs involves understanding business goals, developing performance outcomes, identifying shortfalls, and preparing solutions. We can assist with:
- Financial awareness
- Staff evaluations
- Employee incentives: education and development, employee stock ownership plan, and compensation review