Honestly, I was very skeptical and reluctant at first. We’ve been in business for nearly 40 years, and we’ve managed to get by without a CFO. But Michigan CFO came highly recommended, so I decided to give it a try.
We immediately began to look at our business differently. Our numbers started to make sense from one month to the next, we were able to look ahead and predict our future income, and management started to have confidence in the reports.
But I would say the biggest benefit has been knowing my monthly statements are giving me a more accurate snap shot of our financial performance. We can now identify key ratios between our revenues and expenses which help us to make more informed decisions. Now that we have teamed up with Michigan CFO’s I can focus on the day to day operations of the company because I know our financial health is being properly attended to.