CFO SUPPORT SERVICES
Our methodology consist of bench-marking performance to identify efficiencies and savings. It means improving your systems and processes so that your business information is more accurate and readily available. And it means considering alternative operating models for running your finance function, such as a shared services or outsourcing arrangement.
Why Hire an outsourced CFO?
What to expect from your CFO
The right CFO can help you formulate and validate strategies for growth and viability. More than a controller, a CFO provides a financially-oriented voice to the owner, CEO, or executive director. He or she understands “business drivers,” risks, and how to create value. The CFO is not a “bean-counter,” but rather, someone who works hand-in-hand with the CEO to carefully navigate the opportunities and the risks of taking your business to the next level.
Benefits of DMG CFO Service
Think your company is too small to have a chief financial officer (CFO)? Or will you hire one once you’ve reached a certain size or level of profitability? We believe you might find value in having CFO knowledge even for a few hours a month. Here’s why:
Be more strategic — A CFO can evaluate opportunities and build strategies around markets, geographies, products and services, pricing, and competition.
Sharpen accuracy — CFOs provide timely and accurate financials and metrics, and importantly, good interpretations of those numbers to guide actions.
Manage risk — Every organization needs a right-sized risk prevention infrastructure to protect against fraud, errors, and business risks. An experienced CFO helps identify and mitigate exposure by establishing and enforcing appropriate financial and operational controls.
Manage growth, profitability, cash flow, and expenses — While everyone has some responsibility in these areas, CFOs are the conductor on the train working hand-in-hand with all levels of management and staff to help track these metrics, and make sure performance is in line with company goals and strategy.
Negotiate with suppliers and customers — A CFO can help your company achieve the most advantageous rates, terms and conditions, credit lines, and payment options on the revenue and expense sides of the ledger. This can help ensure that you have the cash flow available to keep operations running smoothly regardless of the state of your organization.
Establish relationships with funding sources and lending institutions — When capital is required, a strong CFO will identify and put in place the right types of capital from multiple investors or lending institutions. This vital role can provide you with the lines of credit or working capital you need to expand.
Manage organizational changes — Mergers, acquisitions, and IPOs are all major ownership changes that your company may want to consider as part of your growth strategy. A CFO with the right background can provide the appropriate quantitative analysis and strategic direction to lead your organization smoothly through the process.
Why our clients love DMG CFO's
Experience the peace of mind of having all your company’s back-office needs running seamlessly in the background. DMG is centered around the idea of making life easier for entrepreneurs and CEO’s.
We provide growing and established organizations with experienced CFO-level talent on an outsourced, part-time basis at a fraction of the cost of a full-time employee. DMG brings experienced professionals with specialized skill sets when you can’t afford to be without a CFO. Our CPA's and consultants work on site, which positions us to immediately address pressing financial concerns, mentor staff, and help you make critical decisions.
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