Growing businesses often reach a point where they need professional expert advice but cannot afford a full-time Chief Financial Officer (CFO). Recognizing this need, coupled with the ever-increasing complexities in technology, government regulation, and overall business environment, Howard, Howard and Hodges has added Virtual CFO Advisory to our suite of service solutions.
Our Virtual CFO works closely with our Tax and Accounting Managers and our clients to help them guide their business to success. Contact us today to schedule an appointment with one of our advisors.
- Financial Strategic Planning
- Financial Forecast Plan
- Financial Budget Plan
- Cash Flow Analysis & Restructuring
- Cost Saving Strategies
- Business Metrics Analysis
- Key Performance Indicators or “KPIs” Analysis
- Facilitating Mergers & Acquisitions
- Financial Systems Design, Implementation, Maintenance
- Financial Reporting Analysis
- Contract, Project or Grant Accounting
- Indirect Cost-Rate Calculations and Proposals
- Financial Budget Analysis & Projections
- Raising Debt/Capital
- Documentation of Financial Policies & Procedures
- Documentation of Personnel Policies & Procedures
- Interim CFO Services
Our Virtual CFO is an expert in long-term planning and figuring out what steps need to be followed to take your company from where it is currently to where you envision it being at some point in the future. Our Virtual CFO can help you develop a strategic plan or business plan specifically designed to your needs.
Every successful business or organization, irrespective of size develops and manages its annual budget. The budget is a roadmap for the business operations for the year and it should be broken into monthly activities that are monitored and re-forecasted as necessary to ensure the goals set for the period are achieved. Our Virtual CFO can assist you in the development of the annual organization’s budget.
If you are to successfully achieve your long-term goals set in your organization’s strategy, a financial forecast plan is an essential tool to develop and continuously monitor. It is the detailed financial and operational roadmap giving a step-by-step guide to take you from where you are now to achieve your long-term goals. A financial forecast requires analysis, strategy, and practicality.
Schedule A Free Consultation To See How We Can Help You Meet Your Tax & Financial Goals.
The foundation to obtain financial information to make sound financial decisions rests with a well-designed, properly implemented and maintained financial system. If your accounting software and internal systems are impairing your growth, are not in-line with your other operational financial systems and processes, or lack features essential to your business, it is time to re-evaluate it.
Our Virtual CFO can help analyze your current systems and determine your current and long-term needs. Additionally, our Virtual CFO can determine the design and systems combination best suited for your organization’s current and future growth. Your Virtual CFO can also help you negotiate with providers, make the optimal system selection, coordinate a smooth transition, and train your staff on the new systems.
Timely, accurate financial reports provide key essential information to manage the daily operations of your organization. Information in financial reports provide insights into your current operations and hold the key to the future success of your organization.
Our Virtual CFO can help analyze your reports and give you the most important takeaways in a way that best supports your business needs. You can work closely with our Virtual CFO, get answers to all your questions, and thus help you re-strategize as needed to make the necessary decisions that are in your business’s best interest.
Whether you are in the construction, government contracting, non-profit, or other industries requiring you to have a financial system in place to account for direct and indirect costs as well as for grant/contributions restrictions, we can help you. Our Virtual CFO has multi-industry experience to help you meet the required standards for these industries. We can help you develop and document the accounting process required.
Our Virtual CFO can help you develop indirect cost rate proposals to meet the requirements of the construction, government contracting, or non-profit industry. We can help you develop overhead, fringe benefits, or general & management indirect rates that you may require to apply to contracts, projects and/or grants.
Sound financial management requires that actual vs budget activities be monitored and analyzed on a periodic basis. Our Virtual CFO can help you monitor the monthly activities, and perform “what if” analysis to help you with projections throughout the year in order to ensure your financial performance is in-line with your organization’s targets for the year and in-tune with your long-term goals.
Our Virtual CFO can help you develop indirect cost rate proposals to meet the requirements of the construction, government contracting, or non-profit industry. We can help you develop overhead, fringe benefits, or general & management indirect rates that you may require to apply to contracts, projects and/or grants.
Sound financial management requires that actual vs budget activities be monitored and analyzed on a periodic basis. Our Virtual CFO can help you monitor the monthly activities, and perform “what if” analysis to help you with projections throughout the year in order to ensure your financial performance is in-line with your organization’s targets for the year and in-tune with your long-term goals.
Raising debt or capital presents one of the most difficult challenges in starting or running a business entity. It can be a very difficult and stressful process for owners or executives in charge of the operations of an organization. Our Virtual CFO can help you take most of the stress away and ensure the process go smoothly. He can help you put a package together highlighting your organization in the best light possible to secure your financing:
- Facilitate and coordinate conversations with investors and/or financiers
- Determining how much financing you need and what mix of debt and equity financing is best for your goals
- Structure your capital requirements
- Bring confidence, reputation, and professionalism to your organization by having an experienced CFO representing you and your business
- Provide financial statements, reports, and documents for due diligence
- Term sheet review and negotiation
Start-up and growing organizations should document, at a minimum, its key financial policies, and procedures. Documented policies and procedures provide clarity to the organization’s employees and facilitate training of new staff. Additionally, documented policies and procedures enhance the internal controls of an organization. Enhancement of internal controls results in safeguarding & securing an organization’s assets and help mitigate its risks. Furthermore, having documented policies and procedures ensure support of tax deductions. Our Virtual CFO can help you document your policies and procedures.
Local, State and Federal law require adherence to and communication of certain employment laws to an organization’s employees. It is also best business practice to document, monitor, and communicate an organization’s personnel policies and procedures. Doing so has the added benefit of minimizing the risks of an organization. Our Virtual CFO can provide guidance and ensure that your personnel policies and procedures are documented and are up to date.
At times, organizations face transition or other challenges in the CFO function. Our Virtual CFO can help support your organization on an interim basis. Our Virtual CFO can also help in recruiting for a full-time CFO, provide orientation to the new CFO and ensure a smooth transition.
Cash flow management is critical to every business or organization. Our Virtual CFO takes an in-depth dive into understanding your operations’ key drivers to ensure cash flow optimization. Cash flow goes beyond of simply growing revenues. It also requires an ability to adapt pricing strategies with industry trends, renegotiation of customer contracts and vendors, renegotiation of debt, and ensuring controls are in place to prevent overspending.
Our Virtual CFO brings to bear his experience in cost control and cost-cutting measures strategies to your organization’s benefit. He has implemented these strategies at many organizations successfully. Additionally, he approaches cost-savings measures with integrity and objectivity as his mission is to line-up the organization’s operations to its short-term and long-term goals. His proven strategies will result in enhancing operations that will produce additions to the bottom line.
Complexities in technology poses some challenges, but also provides access to information faster and cost-effectively. That information can be of great value to your decision making. All successful businesses, irrespective of size, are utilizing financial and non-financial metrics to improve performance and profitability. Our Virtual CFO can help you develop best practice metrics to benchmark your operations against your peers, your industry, and to your overall strategy.
Our Virtual CFO can help you develop financial and non-financial Key Performance Indicators or KPIs to analyze and enhance your operations. Understanding these metrics can have an immediate and long-term positive effect to your organization’s bottom line.
If you are considering merging or selling your company, our Virtual CFO can help you facilitate the process by developing preliminary analysis, reporting, maintaining your financial functions, coordinating with M&A team members during the process, preparing relevant documentation, and forecasting the impact of the M&A in your overall strategy.
Outsourced Virtual CFO Services for Startups & Small Business
A CFO or Chief Financial Officer is consulted at the time when a business intends to have a detailed understanding of its financial status. In particular, for small businesses, mid-sized corporations, and startups, the value that a chief financial officer could bring into the business is overwhelming. The CFO manages as well as controls entire accounting and financial reporting requirements along with the creation of strategies to maximize profits. But many business owners are not ready to hire a full-time chief financial officer or controller, which is precisely the situation where they look forward to outsourcing the role. It is exactly the situation where Howard, Howard and Hodges, come to the rescue of business owners.
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Hire One of the Best Virtual CFO & Controller Service Providers
Our Virtual CFO & Controller Services Help You to Make Better Decisions, Increase Profits, & Accomplish Your Goals
- Management of cash flow and forecasting.
- Reviewing the entire account.
- Planning and preparation of the budget.
- Acquisition of capital.
- Maximization of profits.
- Staff training and management.
- Overseeing of projections.
- Business tax prep and planning.
- Developing a scalable business model.
- Helping to develop a highly scalable business model.
- Developing and designing strategies that are appropriately aligned with business objectives.
- Focusing on bringing about an overall improvement in business growth.
- Trend analysis.
- Help in IRS tax problems resolution.
- Cash flow management, etc.
The experienced and qualified CFOs at Howard, Howard and Hodges are always on top of the latest financial regulations and tax laws that enable them to operate in complete compliance. At the time when you are looking for virtual CFO companies near me or part-time CFO services near me since you cannot afford to hire a full-time CFO, Howard, Howard and Hodges are always available at your service.
Get Top-Rated Outsourced Virtual CFO & Controller Services at Howard, Howard and Hodges
The reasons for not hiring a full-time CFO might include staffing constraints, lack of capital, time restraints, and a number of other reasons, but hiring our CFOs is proven to be an extremely cost-effective and convenient solution. Most importantly, the team members at Howard, Howard and Hodges are highly flexible and versatile. They are always ready to adapt to the current requirements of the business, its problems, and its objectives. Whenever you are searching for a chief financial accountant in my area or a renowned virtual chief financial officer near me, or part-time controller services in my area, no other option would be as good as Howard, Howard and Hodges.
Learn more about our Virtual CFO, part-time CFO, or outsourced controller services by contacting us today.
