Financial Services Outsourced CFO

We develop and implement customizable dashboards that you can use to see real-time views of critical metrics. These critical metrics include:

• Cash flow: liquidity tracking and timing for insight into cash flow that enables informed short-term decisions.
• Investment performance: Insights into asset allocation, hedge fund exposure, and drawdown tracking that enable you to respond quickly to risks.
• Private equity growth and capital deployment: These reports clearly demonstrate your business’s financial progress to board members and others in leadership roles.

You have several options available when it comes to tailoring or customizing your dashboards. For example, you can delve into metrics that are allocated by fund, department, or service line. Ultimately, the setup enables you to establish accountability (task owners) and identify vulnerable areas that might need extra attention. Provided they still have value, of course.

The systems we design and implement are capable of managing advanced allocation modules by using dynamic modules. Switching from manual systems (Excel spreadsheets) to digital (automated) systems is far more efficient, saving time, money and improving productivity and performance.

As far as specific allocations go, we delve into revenue, headcount, and other metrics that distribute shared costs correctly across relevant funds or service lines. Dimensionalized systems like this quickly identify problems within allocations, especially when it comes to relatively consistent data, like payroll. Spotting and rectifying problems within the payroll system are essential to keep staff happy and productive.

Furthermore, using automation in this way provides CFOs with clear evidence of drivers and periods. The results include smoother audits and the prevention of disputes. Automation also lets you drill down into service line profitability and pricing without tedious, error-prone manual workarounds.

Once again, automation is key to this process. Basically, automation drives multi-entity management. Our systems are structured to allow for automated consolidation and intercompany allocations, which ensures your books are always accurate, thanks to real-time updates.

To optimize multi-entity structures, we ensure charts are standardized across entities. This includes aligning data across funds and subsidiaries. Ultimately, the way in which these structures are set up facilitates the quick and easy transfer of data and maintains stable group reporting throughout each quarter.

We don’t just manage multi-entity structures, we also manage multiple currencies should your business expand across borders. Considering the complexities of FOREX, this is an especially significant benefit. Our expertise also crosses jurisdictions. This enables us to apply differing regulations and legislation to locations in different states or regional areas with different interpretations of national rules.

Yes, we can. The key is to use best-in-class tools to connect wealth advisory, insurance, and lending platforms with your ERP and reporting tools. We’ll shine a light on the hidden costs of existing disconnected systems, so you can see just how beneficial integration can be.

Your tech stack is structured to sync asset management tools so that data flows smoothly into relevant financials. It’s also designed to link processing systems and reduce the number of reconciliations required. Your staff will thank you for the resulting operational efficiency that enhances productivity and performance.

Another great benefit of integrating operational systems with finance is the naturally created unified layer of data. The resulting streamlined data flow keeps everyone on the same page, or at least in the same loop. Access to the same data makes it easier to make informed decisions, while simultaneously reducing disputes over accuracy and relevance.

Our outsourced CFOs provide a comprehensive range of executive-level services, which includes strategy development, financial planning and analysis, scenario modeling, and customized reporting for investors and partners.

You choose the depth of involvement, for instance, you might prefer your outsourced CFO maintains a consultancy or advisory role. Or, you could get full value by making space for your CFO in your existing financial team.

We typically recommend the latter because it enables us to work in tandem with your team, so we can better understand your business and its needs, and collaborate to ensure all actions align with your overall business goals. For instance, we help you define and track KPIs that support your strategic goals as they relate to cash runway and net margin.

We achieve this by working with your leadership team to properly connect finance with strategy, and deliver insights that support growth and ensure compliance. Basically, your outsourced CFO is like a senior financial partner with all the benefits but none of the overhead costs.