Are inefficient processes costing you? Are you carrying too much inventory? Are you set up to grow? Is your workforce the right size? If market demand shifts, will you be able to adjust? And through it all, can you keep producing revenue? Can you maintain a positive cash flow?
None of these questions has an easy answer. But with the assistance of a qualified CFO, you can amass and analyze the data that can help you find the answers and, in turn, make the right decisions for the future of your business.
A CFO can help you:
- Establish a rolling 13-week cash flow projection. A rolling quarterly projection gives you valuable insight into the future cash needs of your business and how to prepare for them. A rolling projection can also help you identify future cash shortfalls while they’re still on the distant horizon — before the problem creates major issues.
- Manage inventory. Are certain items hot sellers? Are others gathering dust? Should some SKUs be priced at premium rates, while other are priced to move? A CFO can help analyze the moneymaking potential of your inventory to maximize profits.
- Bring a financial perspective to long-term strategizing. Where do you want your business to be in three, five or 10 years? A CFO can help ensure that your company’s leadership team makes top-level decisions with an eye toward future financial resources to ensure you’ll have the money available to take the company to new heights.
If you are interested in the services of FocusCFO, please contact us.
Next article in this series: Trend Analysis and Pro Forma Scenarios
Previous article in this series: 4 Ways Manufacturers Can Improve Their Inventory Management
How FocusCFO can help manufacturers:
In manufacturing organizations, understanding all the components of a product’s bill of materials, such as labor, material cost and fixed and variable overhead, is vital to the profitability of the manufacturer. Investments in inventory and fixed assets are sizeable; therefore, returns on investment need to be sufficient to support the appropriate capital structure and bank financing. These are just a few areas where companies can benefit from outsourced CFO consulting services.
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