Manufacturing Fractional CFO Services

Under an outsourced setup, your CFO function is performed by a third-party firm. Their work might include strategic planning for long-term growth, preparation of financial statements, managing cash flow through reporting and monitoring, and tracking KPIs to catch issues before they grow into bigger problems. They can also guide your in-house finance team and handle communication with your lenders and other financial stakeholders.

The long-term success of your company comes down to increasing its value by optimizing production efficiency, reducing costs, improving inventory management and utilizing strategic pricing. Yet there’s often a disconnect between what owners and managers think their margins are and what the profit and loss statement actually says.

By connecting operations with finance, fractional CFO services help you make informed, insightful decisions on cash flow, inventory, operational efficiency and more. You need sophisticated expertise beyond routine accounting work to make these decisions wisely.

When you outsource CFO services, you get more than one person for the work. You have an entire team at your disposal, one with experience in not only accounting but also tax and assurance work. This gives you a broad range of knowledge informing the strategic decisions to be made.

Hiring a team also means bench strength. If an in-house CFO is on vacation or suddenly leaves your organization, who will do their work? With fractional CFO services, there’s always someone ready to jump in if a team member is unavailable; you experience no interruption of service.

Finally, fractional CFO providers work with a wide range of businesses and organizations. They see a variety of scenarios, challenges and goals and provide solutions for all of them. This means they can bring more ideas to the table when helping you.

In addition to the high-level fiscal expertise needed for CFO work, James Moore has a team of financial professionals dedicated to manufacturing clients. We work with businesses like yours every day and maintain memberships in industry organizations. This gives us a unique combination of high-level financial expertise and crucial industry knowledge.

We understand how volatile the manufacturing business can be, between fluctuating inventory levels, sensitive supply chains and fickle clients. We also know how confusing the tax picture can be with all the credits and reporting requirements out there.

These all need to be considered when strategizing for long-term growth; hiring any old firm won’t do the trick.

We start with an assessment to review your financial statements, inventory levels, cash flow picture, budgeting, business processes and operations. During this time we’ll identify your most pressing challenges and help you set financial goals.

After that, we’ll have regular meetings with you to monitor KPIs and goal progress, identify market trends, continue regular reporting, and more. How often we meet and perform analysis depends on how much help you want or need

We offer our services primarily via monthly plans, which are tiered according to how much work you’d like for us to do. A la carte services are also available for a truly customized experience that suits your needs.

No problem! The vast majority of our work can be done remotely. We do like to visit you on a regular basis to touch base, see how things are going and better detect trends that need addressing. But the day-to-day (and even monthly) work can easily be performed from our respective locations.