Bring Financial Results to Your Company with an Interim CFO

Interim CFOs are senior-level financial executives who help companies experiencing a financial crisis or rapid growth. Interim CFOs are expert at improving the financial stability of a company, establishing best practices and financial systems, and helping companies hit big growth goals.

Whether improving cash flow, new market entry, or maximizing value prior to a potential transaction or exit, an Interim CFO can lead turnaround or growth

Every organization undergoes periods of transformation at some point. As a company expands, growing pains often result. Financial reporting issues, accounting errors, or maybe lack of systems and process altogether can negatively impact an organization.

An interim or fractional Chief Financial Officer (CFO) from InterimExecs’ RED Team can proactively assess the financial health of a company, develop a financial strategy, and implement a plan to put procedures and policies in place to ensure a strong financial future.

We needed help because we grew beyond the capacity to understand our company’s financial statements. Our Interim CFO asked questions we would have never asked ourselves, so it turned out to be a great learning experience. I wish I had done something like this sooner.

– Tom Glavin, CEO, Glavin Security

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Interim CFO Services for Organizations

Prepare for Exit or Transaction

An Interim CFO is the greatest insurance policy for company owners going through a transaction to sell, refinance, or acquire another company. The role of the CFO in M&A is critical to a successful transaction. Especially for companies who haven’t had to report to outside investors, a sale or merger may require a whole new level of financial reporting and accountability that most companies are not ready for.

Distressed Financial Situations

When a company is out of covenant on loans, is experiencing decline in revenue, or suspects fraud, an interim or fractional Chief Financial Officer can help. With experience in turnarounds, an experienced Interim CFO assesses what is causing the organization distress and rapidly creates and implements a plan to address the crisis whether it be re-negotiating with creditors, recapitalization or even liquidation.

Financial Planning and Analysis

Are you making or losing money? An Interim Chief Financial Officer can help an owner with cost accounting, putting good financial systems and accounting policy and procedures into place. No matter what type of company you own, interim CFO services can be critical in properly recognizing revenue, cash flow analysis, budget forecasting, and financial modeling. You no longer need to wonder what projects are profitable.

Preparing for IPO

When preparing for an IPO, you need to start acting like a public company. Public company financial reporting is a top priority for many Interim Chief Financial Officers. An interim of fractional CFO brings invaluable experience with SEC reporting and preparing a company for IPO as you evaluate underwriters, auditors, navigate through a roadshow, launch your offering and operate publicly.

Private Equity Portfolio Companies

Private equity fund managers must be confident they were thorough in due diligence prior to completing the purchase of a company, making an investment or add-on acquisition. An Interim CFO can lead diligence and make a plan for the future integration of financial systems and processes. Once a company is acquired, they can set up a financial reporting structure and work with a PE fund to optimize processes and ensure maximum future return on investment.

Financial Controls, Process & Procedure

Business expansion can be rewarding, but with growth often comes strained internal financial expertise and capabilities. As fast-growing companies expand, the finance function must grow up as well. An Interim CFO provides strategic solutions to help navigate through growth such as Sarbanes Oxley Compliance (SOX), BPO, implementation of an ERP system, budgeting and forecasting, risk and compliance, and even finding a permanent CFO to move the company forward.

An Interim CFO Crosses Industries and Borders

Of all C-level leaders, perhaps the Interim Chief Financial Officer is most expert at crossing from one industry to another, applying their financial acumen to each challenge or situation. The product or service may change but the need for financial discipline, sound accounting, systems and policies is constant across industries and countries.

Interim CFOs, true senior level professionals, are entering companies at every stage and situation from startup to Fortune 500, distressed to rapid growth across industries from manufacturing to technology, business services, healthcare, and non-profit organizations.

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