Augelli Consulting, LLC
Why Hire Us?
Why Hire An On-Demand CFO?
Many start-up, small, and mid-sized businesses put off hiring a Chief Financial Officer (CFO) for many years or until they are preparing for an IPO. CFOs are expensive and firms aren’t excited about paying for their expertise while they are in their initial growth stages. They don’t see how a CFO will add value to a company of their size. However, it is in these early stages that CFO expertise can help the most. CFOs help you manage cash flows, build and improve internal controls and processes, develop data driven strategies, assist with securing funding, scale your business effectively, and meet changing business demands. A full-time CFO can be prohibitively expensive, but an on-demand CFO solves this problem. Hiring an on-demand CFO gives you a CFO’s insight, but only when you need it. It is a cost-effective and flexible way to fill a critical role on your management team. Gain a strategic partner on your schedule and within your budget by hiring a CFO on-demand.
What Does An On-Demand CFO Do?
An on-demand CFO is distinctly different from an accountant or a bookkeeper. They work with owners and senior management to look behind the numbers and understand the story they are telling. They then translate that into actionable steps to achieve strategic goals. They work with owners to develop and drive business strategy, integrate financial targets with key performance indicators (KPIs) and operational goals, and manage financial risk. Some specific services an on-demand CFO can perform are:
Management and KPI Reporting – We give business owners a view of how they are performing. We assist business owners in developing key performance indicators (KPIs) that give them insights into their business and early warning signs. Develop regular reports and dashboards (visual representations of KPIs) and review them regularly with the owner.
Cash Flow Analysis and Management – On-demand CFOs help with modeling, reporting, forecasting and understanding cash flows within your business. Cash flows are critical for small business success. Effective management of cash can be difficult even when sales are growing. Cash does not always move in tandem with sales, which can be confusing for business owners. We help you get a handle on how cash flows through your business and develop plans to improve your cash position.
Budgeting and Forecasting – On-demand CFOs help develop budgets & forecasts that reflect the strategic plans set by the business owners. We compare actual performance against the established budgets, analyze trends, identify problem areas, and search for ways to eliminate excess expenses.
Project Based Support – Need help selecting and implementing a new accounting system, or building a financial/scenario analysis model to aid with decision making? We can help with one-time projects where you need a little extra help from a seasoned financial professional.
Profitability Analysis – Discover which product lines, services, or locations are your most profitable or which one should be discontinued. We will use cost accounting techniques to accurate identify all relevant costs.
Process Development and Improvement – Streamline your accounting, finance, and internal processes and policies and strengthen your internal controls to protect your business finances. We can help you redesign your processes to improve their effectiveness and efficiency. We can reduce the time required to run your business so you can focus on doing what you love.