CFO Services
Elevating Your Financial Function to
The Next Level...
Do you crave the knowledge and wisdom of a CFO but can’t afford one and/ or don’t need one full time? Let us step into the breach for you. Our outsourced CFO service gives you the best of both worlds. Whether you need two days a week, two days a month or something in between, get proven, experienced CFO help when and where you need it.
The definition of insanity is to do the same thing over and over and expect a different result. Or, put differently, your business is perfectly constructed to get exactly the result you are getting right now.
A great CFO is a strategic partner for your business. A great CFO is someone that helps you drive the result. You probably recognise that financial acumen is a major asset to any business, of any size. However, not all businesses need, nor can they afford a full-time CFO.
If that’s your position, you’ll be delighted to know that BridgePoint Group can play that role for you, on something less than a full-time basis. Whether it’s one or two days a week, one week a month or some other frequency that makes sense, let us elevate your finance function to the next level.
What Are The Benefits?
At last, an affordable way for you to get the advice and support you need, when and where you need it! Someone to help drive the change you need to become more successful. Let’s take a step back for a second. Bookkeepers do an amazing job. They are the front line of accounting in your business. Often handling everything from payroll, banking, invoicing, receivables, payables and reconciling the bank. Sometimes more!
A financial accountant will overlay that with balance sheet reconciliations, accurate p&l reporting, a strong understanding of financial reporting, a meaningful chart of accounts, some management reporting ability such as variance analysis, and developing sound policies and procedures. But none of that tells you what to do! It’s all about compliance, it’s all about what just happened. There is nothing actionable about that!
Have you been feeling like there’s something missing? Here’s a glimpse of what our CFO Service can do for you:
- Tells you exactly where you are at and what you should do next
- Helps you to uncover the opportunities, the risks and plan ahead
- Ensures you have the right cash resources, the right cash flow, the right cost of capital and a sensible and sustainable mix of debt and equity
- Explains the numbers in a way that just makes sense
- Gives you the confidence to make good decisions sooner
- Can manage your banking relationship
- Can manage covenants and get you a better deal
- Can explain the financial impact of that contract you have in front of you
- Can manage and coach your finance team to deliver a reliable result, month after month, year after year
- Can manage the relationship with your external accountant, your insurance broker and more
If that’s the sort of firepower you want for your business, a BridgePoint Group CFO service might be the answer.
How Are We Different?
Our team invest the time to understand your business, your industry and what drives your success. We have years of experience delivering similar engagements. We know that you are busy. You need to be able to focus your attention elsewhere and rely on us to do our thing.
A key to our success is trust. Trust is developed by repeatedly delivering the goods, on time every time. It is backed up by good, strong communication delivered in plain English.
No precious egos. Just a focus on creating real value.
What's The Process?
We recognise that you may never have hired a CFO before. Or maybe you thought you did, but it turns out you actually got a bookkeeper or financial accountant parading around with a fancy title!
First things first. We need to know where you are really at. That will involve a self-guided deep dive into your numbers. So, access to prior year financials, access to your accounting package, an assessment of cash resources, cash flow and financially relevant documents will be needed. Then a sense check with you – have we got it right?
Now, where are you going and what does that look like in numbers? How are we going to get there, what needs to be done, by when and by whom? This fundamental gap analysis, together with the plan to close the gap, is what ensures you get exactly what you need. No more sleepless nights!
Why Invest In A CFO?
It’s not enough to understand numbers. A great CFO needs to know how they get there! The behaviours that drive the result – you see, all the things we do, all the things we don’t do – they all show up in the result. Knowing that, it’s clear that a CFO needs to drive behaviour.
A great CFO needs to be articulate, strong enough to deliver a message, mature, confident and persuasive enough to cause change. A great CFO is a true leader. A confidante, a colleague, a peer to you, the Board, the business owner.