What is the role of a Controller/CFO in business?

A Controller or Chief Financial Officer (CFO), is responsible for all financial functions of a business. This would normally include financial planning, cash flow monitoring, and financial report & analysis. Through this role, a business receives valuable information and analysis necessary for growth and finding opportunities that may otherwise be missed.

An Outsourced CFO can help you save time and money that you would otherwise end up spending on an in-house full-time person.

CFOs or Controllers are highly trained professionals with immerse experience, and specialized knowledge to take your business forward in the right direction. As a result, hiring a CFO or Controller internally can be expensive, and time consuming. If you’re a small or medium-sized business, you now have an option of getting this expertise without the need to hire for a full-time basis.

What do you get by hiring our Controller Advisory/Outsourced CFO Services?

If you are a small or medium sized business that is growing, you may still not need a full-time Controller or Chief Financial Officer (CFO) in your office, However, you will start to have a need for a financial person with experience on analytics to help you gain a firm grasp on your financials and provide you with the right analysis that can form backbone of your business decisions.

Having access to a CFO is critical factor for when it comes to analyzing your numbers, forecasting, and budgeting for the upcoming fiscal period.

Through our Controller Advisory/Outsourced CFO Services you can get:

  • Save time & money on hiring and retaining an in-house CFO/Controller.
  • Expert insights into your financials, especially when reviewing relevant financial ratios.
  • Insights on your Labour, Materials, and Overhead costs, insights on upward/downward trends.
  • Assistance on identifying your break-even points under various scenarios,
  • Assistance on identifying and reporting on fixed vs variable income & expenses.
  • Better understanding of your financials.
  • Assistance in developing budgets & forecasts.
  • Assistance in developing standard reports & KPIs for your analysis and/or benchmarking to monitor your company’s financial health.
  • Periodic meetings with us to review your financial ratios, KPIs, and recommendations on further improvements.
  • Periodic meetings with us to review your accounting functions where we work with you on identifying areas of improvement along with recommendations.
  • Assistance in defining and designing actionable short-range & long-range plans, and financial goals.

If you are looking to have one firm take care of accounting and tax needs then you have arrived at the right spot! We offer a special service which we call Outsourced Accountant through which we can take care of all the accounting, payroll, hst, consulting, personal tax, and corporate tax needs for you and your business! Curious if that is suitable for you? Click on the following link to find out more:

What is Outsourced Accountant?

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Oakville

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