Our Services
Part-time CFO
When you hire a CFO you gain a partner, someone with years of financial and business experience who can put numbers to the various opportunities so that business decisions become clearer. The part-time CFO can provide all of the analyses and services described below, on an as-needed and ongoing basis. Part-time typically involves 1 to 3 days per week for the first 2-3 months, with a reduction in hours following this initial period.
Business Process Review
We will look at all aspects of your business, starting by gaining an understanding of its strengths, weaknesses, opportunities and threats (SWOT analysis). Next we will review your financial statements, looking for areas of concern or opportunities to grow the business or reduce costs. The final product is a written document detailing our findings with specific recommendations for improvement.
Process Improvement
Often when a business experiences quality issues, the people involved have different opinions about the causes and how to fix them. Using Six Sigma and other quality improvement methodologies, we sift through the information to identify root causes and corrections that will have the biggest impact. The goal is to transition from correcting problems after they occur to preventing problems before they occur. Results include more efficient operations and reduced costs. Improving processes also ensures customer satisfaction and protects revenue streams.
Business Plans
Document the vision, goals, operating objectives and financial plans for your business with a plan that is simple, usable, and easy to communicate. We can create a business plan to fit your needs, whether it is for your bank or to be used as a guiding document to manage your business.
Cash Flow Management
We will create a cash flow forecast then implement ways to effectively manage Inventory, Payables, Receivables and banking relationships to meet your cash needs.
Financial Reporting
We will utilize your existing accounting system to create reports with relevant information to make business decisions.
Internal Audits
We analyze business processes, procedures and activities with the goal of highlighting organizational problems and recommending solutions. Our audits can focus on operational efficiency, financial accuracy, discovering fraud, safeguarding assets, and compliance with regulations. We have experience with financial audits, internal auditing as well as ISO 9000 and Sarbanes-Oxley (SOX).
Policies & Procedures
We can help you document your policies and procedures prior to an audit by an external agency or to clarify roles and responsibilities within your business. We interview your employees, create flow charts and write the finished documents.
Tax Planning
A successful tax function needs an effective reporting foundation to gather the information that you need to take advantage of all available deductions. Tax professionals can spend too much time gathering information from their clients and not enough time strategizing. Proactively identify specific tax strategies can help your business achieve its growth potential.
Acquisitions and Expansion
Are you interested in buying a business? We can help you determine the fair value of your target acquisition. What are you really buying? Are you buying customer relationships? Are you buying an infastructure?
We can help you answer those questions and identify the real company assets you are buying along with protecting those assets after the sale is completed.
Accounting System Conversions
We are not tied to any particular accounting software solution. Therefore, we will provide you with impartial advice on the best software solution for your particular business needs. We can help you with all phases of the implementation process.
Budgets and Forecasts
We help develop forward looking sales plans from the bottom up, customer-by-customer, with an action plan to attain those sales levels. Then we'll use the sales plan to right-size your business, making sure your expenses are appropriate so that you maintain or increase your current profit margins. Next, we plan your balance sheet so that your business is capitalized to meet long term goals, then we will develop a cash operating plan for short-term needs.
Bookkeeping/Accounting
In addition to strategy and problem-solving, we can also provide accounting and bookkeeping services. Whether you need a full-charge bookkeeper (on-site or off-site) or temporary coverage when your regular staff is on leave, IMPAC Consultants can find the right person for your business.
"Copyright ©, January 30, 2009, IMPAC Consultants"
