Our Chief Financial Officer (CFO) For Hire Service (listed below) is designed to help you stay on top of your game. We provide a higher level of all important finance and commercial support to business owners. Our extensive commercial experience has been accumulated across numerous industry sectors, allowing us to offer a steady hand with extensive knowledge. When you can’t justify the cost of a full-time CFO, a CFO for Hire is your next best option.
As with normal CFO roles, we work with owners and senior managers to deal with day to day challenges and to strengthen the resolve of the business and its ability to remain sustainably profitable. Those challenges will include managing cash flow or fluctuating income, identifying operating inefficiencies that threaten ever tightening margins and managing a variety of client and supplier issues. It can be a very lonely place being an owner. We can help you manage these risks and pressures, especially in times of uncertainty.
“You don’t know what you don’t know.”
We can certainly help in times like this, by:
- Measuring various aspects of your business to better protect your market presence and market share.
- Understanding your current and future cash needs and the sensitivities associated with it.
- Helping you understand how settled and certain your supply chain is, i.e. key suppliers, key customers. How their performance will impact yours.
- Help you identify and manage sensitivities in your business – fx fluctuations, travel restrictions and general market confidence.
- Identify what is needed to maintain or grow your business.
- Helping you understand what your break-even point is and whether you can adjust your business model to bring that number down?
- Helping you identify whether you need to change how you operate, and how are those changes going to impact your service offering?
As your business grows so does its complexity. We help support you when that complexity becomes too much of a load to handle. That’s why long term relationships are important to us.
Whether on a semi-casual basis or on a more structured arrangement, our CFO For Hire support is positioned to help you alleviate the stress involved in making key business decisions and in building a successful business.
We normally operate our support by coming into your business to discuss business matters, but recently have adjusted our offering to also work remotely, using Zoom or Microsoft Teams to stay connected. That allows us to spread our wings and offer our services to any business within NZ and potentially beyond.
“To be successful you have to learn to ask for help.”
What we bring to the table
We help support businesses in areas of business governance, risk and forward planning.
We also help in managing changes to a business that are either externally driven o internal. They include reviewing the appropriateness of business systems and your ability to extract useable data and information from them; or understanding what the business needs to do to adjust to the changing demands of the market it operates in.
We’re problem solvers, used to a hands on approach which is why our services involve us coming to you.
We employ business analysts to help dig into the detail of what is really happening in your business as the ‘devil is often in the detail’.
Cost effective solution
Most large corporates have the resources to invest in a full-time CFO, but some large and most medium sized businesses often can’t. When you take all costs into account, that often means an annual commitment of close to $200,000.
Why not try a CFO For Hire alternative and have access to an experienced Chief Financial Officer, something most businesses still need, particularly in these uncertain times.
Some owners fall back on their accountant to fill that role. That’s fine, as long as they can dedicate the time and resource to properly support your business when its needed. When they can’t, outsourcing to our CFO For Hire Service makes perfect sense and cost effective.
‘A lot of business owners are good at what they do in business but aren’t necessarily good at all aspects of business.’
The benefit of tapping into a wealth of experience to help you make critical decisions far outweighs the cost. How much is it worth to have someone dedicated to help you manage and grow your business. In our role, we challenge the status quo and constantly analyse changes you plan to make before you make them. We explore what other options you may have and the risks associated with each. We’re results driven so improving your bottom line and business value are paramount to what we do.
Time to beat the odds! Find out more about our CFO For Hire Services. Lets meet, the first coffee or beer’s on me.