Services
Strategic Planning, Budgeting and KPI Goal Setting
Strategic planning goes beyond just creating a Mission and Vision statement; it involves envisioning the organization's future and developing clear, actionable plans for the next 3-5 years.
Our Strategic Planning and Goal Setting service helps you establish achievable, measurable goals aligned with your objectives, utilizing the OKR methodology. Objectives are qualitative and action-oriented, while Key Results are specific, measurable outcomes that track progress.
We recommend involving your entire management team to assess departmental strengths and weaknesses, forming a solid foundation for strategic priorities. This includes conducting a departmental SWOT analysis to guide goal setting. Key Performance Indicators (KPIs) are then developed to measure success and compare performance against benchmarks. Budgeting and resource allocation are critical aspects of executing the strategy, along with initiatives and action plans that require regular monitoring and adjustments to ensure alignment with the organization's vision.
Financial Performance Review
In today's dynamic business environment, the ability to adapt quickly to changing circumstances is crucial. Regular financial reviews ensure that the business remains agile and responsive to market fluctuations, economic shifts, and industry trends.
We’ll help you create a process of regular review of monthly financial statements, budget to actual comparisons, and key performance indicators (KPIs). While this can be a 1:1 process, we recommend private companies include the management team to maintain financial health and drive business success. This practice allows leaders to gain a comprehensive understanding of the organization's financial position, identify trends, and make informed decisions. By analyzing budget versus actual reports, management can quickly identify revenue shortfalls and cost overruns, enabling them to react promptly and stay on course.
KPIs serve as critical instruments in ensuring that every individual within the organization is aligned with the company's goals and objectives. By tracking financial KPIs, management can assess profitability, liquidity, solvency, efficiency, and valuation, enabling them to steer the company effectively and identify any pressing issues without getting mired in details.
Taking corrective action based on these reviews is equally important. When variances or underperformance are identified, management can investigate the root causes and implement necessary adjustments to bring the project or department back on track. This proactive approach allows for continuous improvement, better resource allocation, and enhanced decision-making.
Business Process Reengineering
Business process review is a critical management practice that involves systematically examining and analyzing the various processes within an organization. By utilizing tools such as flowcharts, management teams can gain a comprehensive understanding of how work flows through each department and across the entire organization. This holistic approach allows leaders to visualize the interconnectedness of different departments and identify areas for improvement, efficiency gains, and potential bottlenecks.
When management teams engage in business process review, they create a visual representation of workflows, which helps to identify redundancies, inefficiencies, and gaps in current processes. By examining how processes in one department affect those upstream and downstream, management can foster a culture of collaboration and shared responsibility. This interdepartmental perspective helps break down silos and encourages teams to work together towards common goals. It also allows for the identification of potential ripple effects that changes in one area might have on others, enabling more informed decision-making and risk management.
Monthly CFO Services
We help companies find their financial north star, providing high-level financial guidance and expertise without the expense of a full-time CFO. We support you by establishing standard operating procedures, monthly financial reporting procedures (SOPs), and Key Performance Indicators (KPIs). Note: This is not bookkeeping. Instead, it is a genuine Chief Financial Officer service focused on:
Capital raise
Exits| restructuring | growth capital
GAAP financial preparation
Financial institution compliance reporting
Financial analysis and forecasting
Budget creation and monitoring
KPI dashboards
Cash flow management and optimization
Risk assessment and mitigation strategies
Sales and executive compensation plans
Options | incentive bonus plans
By leveraging CFO services, businesses can access professional financial leadership, improve their financial health, and make data-driven decisions to support growth and profitability. This approach is particularly beneficial for small to medium-sized businesses and startups that require financial expertise but may not have the resources to employ a full-time
