PART-TIME CHIEF FINANCIAL OFFICER
WHAT WE DO
- As a Part-Time CFO we act as a strategic planning partner, accountability partner, and can provide financial management skills in areas that are currently lacking
- The duties of a Part-Time CFO change as your company grows. Initial duties may focus on cash flow management and forecasting but over time duties may be to handle relationships with lenders, managing working capital, and overseeing a finance team
WHAT ARE THE BENEFITS OF A PART-TIME CFO?We know as a business owner you wear many hats. You need the peace of mind that your back end is under control so that you can focus on growing your client base. Whether maximizing cash flow, analyzing performance or planning for the future, our job is to support you with what we do best.
AN, EXPERIENCED, TRUSTED PARTNERAt Fortress, our clients see us as part of their team and as trusted advisers. We bring our 25 years of expertise to help you create a solid infrastructure capable of handling continued growth.
BUILD A STRONGER COMPANYHaving a Part-Time CFO will provide you with a safety net to know that a second set of eyes is keeping score and looking out for your interests. You will strengthen client relationships and establish stronger business alliances.
SERVICE OFFERINGIt’s not enough that your business is growing. You want scalable financial and operational solutions so you have a greater understanding about your company’s cash flow, financial risk, and overall business performance. You want accurate financial reports so you can make timely decisions concerning business operations, as well as properly plan present and future financial goals.
Our Part-Time CFO services are customizable for what your business requires. Some of the services we can offer include:
EXPENSE REDUCTION STRATEGIESFortress will work with you and your team to pinpoint areas where increased efficiencies can be realized to reduce expenditures in line with your objectives.
BUSINESS PERFORMANCE MEASUREMENTWe can identify your key business metrics and provide you with a strategy to monitor their performance. The result being that you will be better able to: identify what areas of your business are making or losing money, and identify areas where you can potentially extract more profits.
FINANCIAL SYSTEMS IMPLEMENTATIONWe will work with your staff to implement enhanced financial procedures. We will ensure that your business operates on a higher level of efficiency and has increased capability to produce the timely and accurate financial statements and management reports you require to make better informed management decisions.
RAISE FUNDS FOR OPERATIONS OR EXPANSIONAcquiring additional long-term and shorter term equity and/or debt financing can allow your company to expand operations and properly manage debt obligations. Fortress can provide private equity evaluations, develop debt financing solutions and create investor presentations.
STRATEGIES FOR GROWTH OR DOWNSIZINGDuring periods of increased stress on the business, your Fortress will use its experience to help devise strategies to better meet opportunities or any challenges your business faces. They can prepare/adjust financial models, engage in meetings, and assemble the required experts to help you best navigate through this period.
STRATEGIC PLANNINGMany successful businesses practice an ‘evolve as things progress’ methodology where they lack any set plan on how they will achieve their objectives. Fortress can create a strategic plan that involves a comprehensive review of your present operations and plans on how you can pursue your short and long-term goals while mitigating your risks.
INITIAL CONSULTATIONIn our initial meeting we will discuss your corporate objectives and the opportunities you would like advice on.
ANALYSIS PREPARATIONAfter the initial meeting Fortress will prepare analysis, strategic rationale, and an execution strategy.
PRESENTATIONOnce the analysis is complete, Fortress will present its conclusion and suggested next steps.
DECISION REVIEWYour company and Fortress will discuss Fortress' suggestions and determine if it is best to proceed with the opportunity.
EXECUTIONIf it is determined that the opportunity is to be pursued Fortress will work with you to prepare an execution plan and assist you in its completion.
EVALUATIONAfter the execution of the opportunity is complete Fortress will evaluate the effect of the decision on your company and how your company has performed after its execution.
PRICINGWe provide several different options related to our Part-Time CFO Service that can be chosen individually or as a combination. Our fees are custom to each client and are based on the complexity and duration of the mandate.
FINANCIAL ANALYST SERVICE: STARTING AT $90 PER HOUR OR RETAINER OF $2,000 PER MONTH
- Creation and regular updating of a company financial model
- Creation and ongoing maintenance of management reporting systems
- Analysis of financial statements
- Creation of corporate budgets and forecasts
PART-TIME CFO SERVICE: STARTING AT $125 PER HOUR OR RETAINER OF $2,500 PER MONTH
- Oversight of all financial systems within your business
- Management of accounts payable, accounts receivable, bookkeeping, and other relevant employees
- Cash flow management and forecasting
- Capital planning
- Sourcing of debt and equity capital as required
- Strategic advice