External Chief Financial Officer – Scope of Services
The competencies of an external Chief Financial Officer (CFO) encompass key areas of corporate finance, without which effective and long-term management is not possible. Our service model includes budgeting and financial forecasting, among other things. Effective utilization of managerial information also remains an expression of organizational maturity. We take on tasks related to managerial reporting, providing a full picture of the financial situation and streamlining decision-making processes.
Employing an external CFO addresses issues related to accounting and taxes. An essential stage of development includes the implementation of Cash Flow and Working Capital management systems. Among other services, we offer due diligence, the implementation of Business Intelligence tools, supervision of financial audits, restructuring processes, and advisory services in the area of mergers and acquisitions.
We work based on widely recognized BI, CPM, and ERP tools. The framework of each service is tailored to the industry-specific and business areas. We specialize in all forms of strategic financial management. The external CFO comprehensively tackles the challenges faced by micro and small businesses, providing support in modeling current and future operations.
Creating and overseeing a financial strategy is crucial for the long-term success of any company, regardless of its scale of operations. However, it’s not always necessary to hire a full-time specialist to handle this task – often, small and medium-sized enterprises (SMEs) cannot afford that. In such cases, an external Chief Financial Officer (CFO) is a much better solution. This is an experienced expert who provides services to companies, organizations, and businesses as an independent consultant or outsourcing employee.
What does an external CFO do?
What Types of Companies Can Hire an External Financial Director?
What Questions Can an External Financial Director Help Answer?
What Does an External Financial Director Not Handle?
An external CFO is often confused with, for example, a Chief Accountant. Compared to an accountant, such a specialist holds a more strategic position in the company. They are responsible for making decisions regarding investments and resource allocation, analyze the company’s finances, signal potential liquidity issues, and bring an entirely new perspective to financial strategy.
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