Virtual CFO Services
With the advent of excellent telecommunications in smart phones and pads the Virtual CFO is now a reality. Field Financial Consulting provides virtual or in-person CFO services on a daily, half-daily or hourly basis. You get the advice and suggestions of an experienced financial controller without having to pay full-time rates. Now, under the Field Financial Consulting business model, even small business is entitled to this service. Accessible by mobile phone, Skype and email the business owner and CFO can be anywhere, getting decisions made and getting things done. There is no need to wait for both people are back in the office for decision making.
Managerial Support
Often the Business Owner is juggling so many tasks that no one task gets the attention needed. Field Financial Consulting can work with the organizational leader or leaders to make changes that deliver value added results. These changes will be different for every organisation and need to take into account strengths and weaknesses that exist. Almost always the changes are small but they often make visible further potential change.
Company Strategy
Looking at organisation strategy is always a good practice whether things are sluggish or they are going outstandingly well. Both circumstances, believe it or not, lend themselves to some internal discussion on how the company should proceed to improve its position. Often referred to as a company doctor who looks at your business and suggests ways in which it may be improved, Field Financial Consulting can help with that small company tune up or more serious discussions. Field Financial Consulting can work with you to get a clearer picture of what is happening to your business and then make recommendations for the way forward.
Operational Cost Savings
An independent and objective assessment of your business costs by Field Financial Consulting can get the discussion going about improved profitability or reduced losses. Electricity costs have sky rocketed in the last few years and perhaps you should be looking at alternatives. Labour cost and productivity are also key areas where we focus.
Cashflow Reporting
The Field Financial Consulting Cashflow Reporting review process puts some order around business plans and allows coherent focus on what is important. Firstly, there is no one way of doing the process so the key elements need to be identified. Clearly, it is great to have accurate historical financials. Often the financials aren’t detailed enough and this weakness holds back a lot of businesses. With some smart tweaking of how results are recorded some businesses would have 50% better financials. Often when completing the cashflow process it becomes very obvious that structural changes need to be made. These don’t have to be worked through in detail immediately but flagged for later discussion and analysis at a later point. In addition fixed and variable costs and the key drivers of the business need to be understood. The detail of the costs and revenue needs to be in a cashflow but also an accurate big picture. Once completed, the cashflow is then reviewed and signed off. Cashflow is an essential business tool that when used well is invaluable.
Due Diligence
Considering buying a business and need some expert advice? Not sure whether to take action or not? Field Financial Consulting can help with this task by pulling the facts together and providing advice.
Bookkeeping Services
Are reports timely and accurate? Are you really making a profit? Do you trust the numbers that are being reported? Field Financial Consulting can review your current systems and processes and make recommendations for change. Without good numbers you don’t know where your business is going.
Cloud Services (Xero & Google Apps)
Field Financial Consulting is a Xero Accounting Partner and recommends Google Apps. Both cloud softwares that can be used on your smart phone, tablet or laptop. These Cloud Services, and many others, are changing the face of the accounting and business communities as business owners reduce costs and get work done more efficiently using the Cloud.
Financial Modelling
Often business is very complicated with multiple pricing and costing points. These models help with “what if” analysis and act as guides to potential profitability levels. Field Financial Consulting can work with your existing Excel models or create models from the ground up.
Budget & Forecast Analysis
Successful organisations often prepare detailed budgets & forecasts against which to measure the organisation’s actuals. There are often too many things happening for the Business Owner to know every detail but budgets and forecasts make it more manageable
Business Plans
A Business Plan is essential for every business and should be kept regularly updated. It is a written document that sets out the operational tasks that will be needed to done to implement the business strategy.
Also they can be very useful when dealing with local, state & federal governments when funding issues are considered.
