.svg)
CFO - 5 min read
Business owners keep their companies intact through constant shifts and adjustments. The ever-shifting sands of markets, consumer demand and supplier variability require vigilance and flexibility. But the COVID-19 pandemic introduced market upheaval the likes of which we haven’t seen for quite some time.
If there was ever a tie to focus on optimising your financial position, it’s now. Businesses all over Australia are trying to streamline their operations, improve efficiency and cash flow, modernise systems and upgrade technology.
CFOs are uniquely qualified to optimise financial performance and positioning. But what if you don’t have a CFO? What if you’re a small business without the means to support a full-time financial executive? Fortunately, with part-time CFO services, any company can take advantage of financial expertise during this unique time. Let’s look at what a CFO can do for you.
Before you can plan where your business is going in the future, you’ve got to know where it stands today. And accurate performance reporting is the key to big-picture understanding.
With our Performance Reporting services, you and all of your stakeholders will have visual data to help you grasp the ins and outs of your current financial position. With the clarity that comes from this information, you’ll be prepared to make informed tactical decisions.
Where does your business go from here? If COVID-19 has taken a toll on your original business strategy, it’s time to revisit your roadmap. You may need to take a detour. Conversely, fault lines in the economy may have opened up new avenues for revenue that didn’t exist before.
A defined, realistic, strategic business plan will shape your decisions and start you down the path to sustainable growth. Solid business planning includes blueprints for finances, regulatory compliance, marketing, employer obligations and registration, and all of these components need realistic timelines.
You’re not just staying afloat; you’re going somewhere. Every healthy business is underpinned by a robust business strategy. If you’ve never embarked on business strategy planning (or if your old strategy needs a reboot), Our Business Strategy services help you to create a viable path towards your goals. With the road laid out before you, your daily work feels more productive and more meaningful, and you can measure progress in meaningful ways.
For many businesses, the coronavirus has been a nightmare for cash flow. With supply chains disrupted and business hours stymied, normal business operations have fallen victim to unpredictability.
A CFO can help by looking ahead and creating realistic forecasts for budgets, inflows and outflows. By painting a data-driven portrait of your finances, you can plan for tight times and avoid unexpected bumps in the road.
In today’s minute-by-minute business climate, you need real-time data for making decisions and running your company. Here at Altus, we’ve been using a cloud-based accounting system since 2008. We know how important it is to have access to your numbers anytime, anywhere. We also love the ability to go paperless and to build an ecosystem that perfectly suits our business.
It sounds great, but what about the conversion process? If the thought of converting your current accounting system to a cloud system overwhelms you, let your CFO take care of it. When everything is seamlessly reorganised, your CFO can provide training. Then everyone will have access to real-time numbers no matter where they are.
Now more than ever, people are the lifeblood of your business. As a business owner, you know that when employees are motivated and knowledgeable, the whole firm runs more smoothly.
Our Organisational Design and Restructuring service focuses on the individuals in your organisation. We can help your workforce to be more productive and efficient, propelling your business to greater success.
With accurate and professional bookkeeping, you’ll always know about your profitability and positioning. Trustworthy numbers allow you to make enlightened decisions at a moment’s notice and to be prepared for taxes and other legal obligations.
As you lead your business in the post-COVID environment, take advantage of a CFO’s expertise. With a firm knowledge of your current financial situation and a well-informed strategy for the future, you’ll be set for whatever the future holds.
Learn more about our part-time CFO services, which can scale with your company as you grow. We’d love to consult with you about your needs and team up with you to achieve your goals.
Set your business on the right path with this simple guide.
Make sure you’re on the right track with this online checklist.
.svg)
.svg "page-1 (4)")
.svg "page-1 (5)")
.svg)
.svg)
.svg)
.svg)
