As businesses grow, so does accounting complexity, and it becomes more difficult to get clarity on how the business is performing. Without accurate and timely data, it is nearly impossible to make good financial decisions. This uncertainty can erode management’s confidence in decision making and distract them from their primary focus of running the business.
Small companies need strong financial management as much as large companies do — just not every day. Often times, small businesses find themselves in a “no man’s land” — they’ve outgrown the owner’s and bookkeeper’s abilities to take an accurate pulse of the business, but they can’t afford to hire an experienced CFO full time. “Filling the gap between your bookkeeper and CPA” is what Michigan CFO Associates does.
Through outsourcing, businesses can access higher-level expertise without the high costs of a full-time, experienced CFO. Our programs range from small-scale, one-day-per-month engagements, to more involved programs that are two or three days per week. The ongoing cost of a part-time CFO can be as little as an eighth of a full-time CFO.
Our CFOs will lead you through the “Building Blocks For Improved Decision Making”, starting with the foundation of accurate, timely reporting, and moving up to fine-tuned, actionable data. Throughout this process, we will keep you heading towards your goals, and we’ll know quickly if you’re veering off course.
If you’ve never had a CFO before... Or if your business is transitioning up or down and you aren’t sure whether you need a full time CFO or a fractional CFO... Michigan CFO Associates will help you sort it out.
It’s an extremely important issue, so if you’d like to talk it over with an objective, knowledgeable professional -- with zero sales pressure -- Click Here to schedule an appointment.