Client Results
What Could You Achieve with a CFO in Your Corner?
Clients value our services for many reasons; partnership, improved operations, improved systems, but most of all they value CFO Services because they pay for themselves many times over.
Below are some examples of the cost savings and profit improvements we have been able to deliver for our clients.
A Marine Dealer
Working with the owner, we accomplished the following:
- Outsourced the Human Resources function saving the company $60,000 each year. This also helped ensure compliance with State and Federals taxes and regulations.
- Re-negotiated the company’s bank financing for an annual savings of $100,000.
- Revamped their Information Technology systems and added networks. This enabled the company to communicate with their stores better and support their new store additions This resulted in an annual savings of $12,000.
A company executive had this to say about CFO Service LLC. “I’ve never met anybody who can present information so clearly as you do.”, Randy C.
A Fast Growing Designer Interior Lighting Company
Situation: The company was growing rapidly but the owner had no way of knowing how he was doing month to month. He sold through sales reps and mass merchandisers like Macy’s and TJ Max, but he had no system to keep track of sales and forecasts to help manage profitability. Also he had no idea of his profit margin or which products were profitable and which were not.
Result: Working directly with the owner over the past two years, CFO Services LLC has been able to put systems and controls in place so that the owner...
- Has customized financial reports that are meaningful to the way he runs his business. Yes, he has an accounting system, but before working with Brian, he had no way to understand what was really going on behind the numbers.
- Now he knows which products are and are not profitable.
- He knows his cost of sales for every product.
- He can model and forecast his business accurately so he can make better purchase decisions.
- He is better able to make changes to lower his taxes.
- His ability to forecast and make accurate projections has allowed him to increase his line of credit with the bank an additional $100,000. This gives him the liquidity he needs to support his planned growth.
