Cfo presentation linked in
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CFO services encompass several key areas including financial strategy, diagnostic reporting, key performance indicator monitoring, workflow and knowledge management, and management accounting. Providing CFO services to SMEs can address several common issues they face. Mawson CFO services provide accurate and relevant financial reporting in an agreed timeframe, satisfy stakeholder requirements, allow management to focus on the core business by outsourcing non-core finance functions, systematize documentation of processes and workflows, and provide CFO resources on a variable basis reducing fixed overhead costs.
Cfo presentation linked in
- 1. CFO Services A high performing business finance function should encompass the following Financial Strategy Financial Diagnostic Reporting Key Performance Indicator Monitoring Workflow & Knowledge Management Management Accounting Bookkeeping and Processing Source Document Management Process
- 2. CFO Services Providing efficient and effective CFO services to SMEs Issues facing SMEs Mawson Alternative Result of Mawson intervention Decision making is difficult because information from systems lacking in accuracy, relevance and timeliness • Appropriately qualified talent applied to relevant tasks • Highly systemized and documented processes • Reporting requirements identified upon engagement • Service level agreement Accurate and relevant financial reporting delivered in an agreed time frame allowing sound decision making in a timely manner Satisfaction of Stakeholder requirements Appropriate reporting provided to key stakeholders including bankers, financiers, franchisor, external accountant, board, etc Stakeholders needs satisfied taking pressure off ownership/management Lack of expertise/focus in back office function Outsource non-core finance functions Management able to focus on core functions of business and does not have to employ multiple resources to ensure adequate skill coverage Knowledge Transfer/Staff Retention Documentation of key business processes and workflow status information Reliance on internal staff reduced as process and workflow knowledge more widely available and systemized Fixed Overhead of Staff Mawson skill set and resources can be matched to business requirements on a variable cost basis Reduction in fixed cost commitment for finance employees and ability to expand without adding to fixed cost commitment