3 tips to navigate the economic downturn
In our rapidly changing environment, some businesses will simply perform better than others. Time for business leaders to stand-up.
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Grow your business with an exceptional
Part-time CFO
We can evolve your business by helping you:
How can CFO Evolve grow your business with a part-time CFO?
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CFO Evolve was established in 2014 to bring the strategic and financial capability of large corporates to SMEs and through the process; help them evolve to the next level through providing part-time CFO services.
We understand business and that the cost of a highly experienced, strategic CFO may be out of reach for many small to medium businesses. CFO Evolve enables business growth through providing an exceptional part-time CFO or virtual CFO, reducing the cost to the business and allowing flexibility on the commitment of this finance role.
The Chief Financial Officer or CFO traditionally manages the finance team and has access and is intimately familiar with timely and meaningful information from across the organisation. The modern CFO, has become a Chief Operations Officer now utilising that information to create meaningful strategies and the ability to work across the business to implement them. CFO Evolve's team of part-time CFOs have significant experience from senior management at multi-nationals or public companies. We only employ exceptional part-time CFOs that understand how to maximise the result to your business.
Services
Our part-time CFO services offer your business significant experience at a fraction of the cost of a full time CFO. Below details some of the areas in which we can support your business through a part-time CFO function.
If you are looking for business growth in your business a dedicated part-time CFO could grow your business with a combined approach of strategy and financial insights across process improvement, business efficiencies and business growth through inorganic means such as acquisition or partnerships.
A part-time CFO could guide you through a cash flow restriction to ensure your business remains cash flow positive. Gaining immediate support from a part-time CFO can make sure that your company quickly recovers from a cash flow shortage.
If you need to provide robust forecasting for one-off funding purposes or wish to use a forecasting model in an ongoing manner that incorporates your profit and loss, balance sheet and cash flow to have full understanding on where your business is going and its challenges, engaging a part-time CFO can assist immediately.
Having a clear strategy, strategic plan or business plan are fundamental building blocks to achieve growth. Your business plan needs to expressly state where the business is going, the strategies to achieve those outcomes, who is accountable for the strategy and the timeframes and measures to ensure they are on-track.
At CFO Evolve; our part-time CFO services can build your company a strategic plan or business plan that works.
There are risks associated with many parts of business. Anticipating a business risk and uncertainties before they occur and ensuring the mitigation strategies are incorporated in the strategic plan goes a long way to taking the fluctuations out of your business and ensuring you are on a steady growth curve.
If your business requires a business risk review, a part-time CFO can begin the process immediately.
Whether through debt or equity, a bank, venture capitalist or private equity, it is important to make your organisation ready as a solid business with a strong profit & loss and balance sheet and as an attractive investment to optimise the result.
Our part-time CFO services prepare your company through 3-way forecasting, business planning and process improvement to enable your business is prepared for funding, investment and capital raising.
CFOs typically enjoy to teach and they love to help build team, skill sets and overall, the business. CFO Evolve offer their highly experienced team of part-time CFOs for CFO coaching and mentoring purposes to financial teams that have incurred rapid growth, undergoing inorganic growth such as via a merger, acquisition or strategic partnership and require extra assistance and guidance from a strategic financial perspective.
As the business grows and becomes more complex, it becomes questionable whether you have the capacity of overseeing your accounts team or if it is taking you away from growing the business. A part-time CFO can provide this oversight of your accounting functions, providing guidance and an expert skill set to ensure the delivery of this department.
One of the milestone developments of your business will be the creation of an advisory board. It could be the next step in reporting and governance or a pre-cursor to a board of directors. Whilst it is important to have an industry specialist and someone strong in governance such as a lawyer, having a part-time CFO member to provide strategic financial advice in the team is key to the success of the advisory board.
Different from classic business planning, the strategic variety (incorporating acquisition, exit and other strategic activities) involves a long term horizon and out-of-the-box thinking. A strategic acquisition plan helps to provide direction and focus. It points to specific and rapid growth plans with results that are to be achieved and establishes a course of action for achieving them.
Hiring a part-time CFO so that your in-house CFO can focus on either an acquisition or on the business will ensure that business continues as usual whilst due diligence and acquisition forecasting can take place.
If you are looking to maximise business profit, CFO Evolve could grow your business with process improvement, business efficiencies and focus on the areas of your business to maximise profits, turn wasted hours into productive ones, saving time, frustration and money.
A good business coaching provider will not only review your business for growth areas but review the ability of the senior team and the leadership. Business coaching provides developmental ideas that can increase performance from the top down and can provide a sounding board for the CEO and Managing Director on business pain points to be addressed.
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