How Can CFO Services Help My Business?Posted on March 23rd, 2015
It is mostly companies with a very large payroll that have the sufficient budget to staff a full-time CFO. Though all businesses can surely benefit from CFO services, many small and midsized business owners try to get by on their own. Because of their extensive education and training, CPAs are capable of much more than producing tax returns.
Part-time CFO services are a great alternative to hiring a full-time CFO. If you are a small or mid-sized business owner and you want the benefits of a financial partner without the cost of full-time staffing, look to part-time CFO Services (also known as Controllerships) in your area as a more affordable option. The investment to tap into their knowledge of industry specific business financial and operational management will pay for itself in the long run.
With a part-time CFO, you will have the ability to:
Increase cash flow – If your current or start-up business is having cash flow issues, a CFO will find the problems are and come up with practical answers.
Make better business decisions – Financial analysis gives a business the information to make good decisions. A CFO will evaluate your financial data – including your sales, products, and even geographic location. This will allow you to see what revenue you have now and implement changes to increase profits.
Obtain financing – A CFO will work with you to calculate how much capital is needed to grow your business, and help you figure out how to get it. This is especially important if you are hoping to expand or purchase new equipment.
Upgrade financial processes – If your San Antonio business has really taken off, it may be necessary to change the way you do your bookkeeping. A CFO can recommend accounting software and educate you and your staff how to use it.
Help a struggling business – If your sales are down and your records are in disarray, you need an expert to come in and clean things up. A CFO can help you do a variety of things, including consolidating loans and renegotiating contracts. A CFO can also act as a liaison with your bank or other financial institution.
If your San Antonio business could use help in any of these areas, a part-time CFO could be the perfect solution. Please call Marco Flores, CPA for more information. Marco has extensive experience in construction, real estate, and many other industries in the San Antonio area. Marco Flores, CPA will give your business the attention it deserves. Marco measures his success by the success of his clients!