External CFO

Why do you need an external CFO?

Fast-growing companies quickly reach a moment where they are in need of professional assistance and advice in finance and management accounting areas, but are not ready to employ a full-time CFO or financial controller. Our „CFO on demand” services enable access to expert knowledge. An external CFO is dedicated to the needs of every company that does not have a CFO within their structures, are searching for a substitute CFO or need ad-hoc assistance of a qualified expert in making managerial decisions.

When is an interim CFO needed?

CFO outsourcing services are an ideal solution for companies that do not need to hire a full-time CFO. This is also ideal in cases where a CFO takes a prolonged leave, or the company is in the process of recruiting a CFO. Moreover, an interim CFO can provide support in exceptional situations, such as preparation for sale, due diligence before takeover, or when support in an internal accounting department may be insufficient. This can also be an effective solution in the case of crisis or restructuring. By substituting the CFO, we can temporarily overtake the full scope of CFO tasks or engage in executing selected processes on an ad-hoc basis. We have both knowledge and experience to provide comprehensive support in finance management and controlling

We can provide interim CFO support in:

• Business analysis,
• Managing the company’s efficiency,
• Managing the company’s finances,
• Controlling,
• Internal audit.

Examples of our interim CFO services include:

• Analysis of product and service viability,
• Cost analysis and expense optimisation,
• Analysis of strengths and weaknesses of the company, as well as market risks in a financial context,
• Analysis of the Client market and product portfolio,
• Drafting of plans and budgets,
• Analysis of key performance indicators,
• Managing financial liquidity,
• Budgeting and budgeting support,
• Reporting execution of plans and budgets, deviation analysis,
• Analysis of investment profitability,
• Drafting and implementing restructuring solutions,
• Analysis of investment viability,
• Pricing assessment of legal and tangible assets,,
• Mergers and acquisitions- analysis and transaction support, including due diligence,
• Support in financial decisions,
• Advanced financial modelling adapted to the company’s financial needs,
• Support in external financial audits and cooperation with auditors
• Overseeing coherence of applying reporting rules in a capital group,
• Analysis of document flow and internal processes,
• Overseeing the financial accounting department and the financial reporting department,
• Periodical analysis aimed at detecting fraud risk, malfunction of the accounting system, etc.,
• Internal audit,
• Consolidation packages for consolidation needs at the upper level of the group,
• Supporting the accounting department in preparing financial statements in accordance with the Accounting Act, US GAAP and IFRS,,
• Drafting individual and consolidated financial statements.