CHIEF FINANCIAL OFFICER (CFO) SERVICES
Where success is measured by outcomes and results
From startups to established enterprises, our CFO team has worked across a spectrum of industries, gaining insights that drive businesses towards sustainable growth.
CHIEF FINANCIAL OFFICER (CFO) SERVICES
Where success is measured by outcomes and results
From startups to established enterprises, our CFO team has worked across a spectrum of industries, gaining insights that drive businesses towards sustainable growth.
Compass CPA, PC provides a team-based service model that integrates with your goals, your team, and your success. We pride ourselves on being an outsourced firm with an in-house feel.
We provide expert-level, boutique services where success is measured by outcomes and results.
Our Expertise In CFO Services
Our team is not just a group of financial experts; they are architects of success, equipped with qualifications and experience that set us apart.
- Qualifications That Speak Volumes: Each member of our CFO team holds prestigious qualifications such as a CPA (Certified Public Accountant) and advanced degrees in finance and business administration. These certifications are not just letters after their names; they represent a commitment to excellence and a deep understanding of the financial landscape.
- Proven Track Record of Success: Experience matters, and our team brings a wealth of it. With a combined experience spanning decades, we have successfully navigated diverse industries, overcoming financial challenges and orchestrating success stories.
- Diverse Industry Expertise: From startups to established enterprises, our CFO team has worked across a spectrum of industries, gaining insights that transcend traditional financial consulting. Whether you’re in technology, healthcare, manufacturing, or any other sector, our team’s diverse industry expertise ensures tailored solutions that align with your unique challenges and goals.
- Strategic Thinkers, Tactical Executors: Our CFOs are not just numbers people; they are strategic thinkers with a knack for translating financial insights into actionable strategies. They go beyond reporting; they create roadmaps for financial success, driving your business towards sustainable growth.
- Your Financial Guardians: Trust is the cornerstone of our CFO services. Our team is not just a service provider; they are your financial guardians, committed to safeguarding your interests and steering your business towards prosperity.
Our CFO Services
The Chief Financial Office is the individual responsible for managing a company’s financial actions, including financial planning, managing cash flow, and analyzing the company’s financial strengths and weaknesses.
Our Virtual Accountant and Virtual Controller services give you a dedicated remote team of CPAs and highly trained accountants. Our Virtual CFO service layers a finance team on top of these services to give you a highly functioning and supported finance, accounting, payroll, and HR department all under one roof.
Why a CFO? Because Financial Excellence Matters!
In the rapidly evolving business world, having an experienced CFO is akin to having a strategic navigator for your financial journey. We bring the expertise, insight, and finesse needed to sail through challenges and steer toward prosperity.
Compass CFO utilizes financial data compiled by our internal finance and accounting team to better inform and guide you with customized solutions and create a solid growth strategy. As a result, Compass CFO will help your company to increase profitability, obtain financing, and attract investors.
We utilize our real-world experience, industry knowledge, and expertise to implement strategic solutions that address a full range of financial challenges and opportunities.
We will provide advice to help your business with:
- Cash flow management and forecasting
- Investor-ready models
- Deep business analytics
- Effective financial growth strategies
- Accountability to success
Maximize Profitability: Compass CFO will provide forecasts and models designed to increase profitability and your bottom line.
- We align your past, present, and future financial performance and back it with data-driven models that are designed to operate efficiently and maximize growth.
- Compass CFO takes responsibility for protecting your company’s profitability and holding entrepreneurs accountable for their goals with management tools such as budget-to-actuals and spend trackers.
- We are involved in your business planning, implementation, and working with your department leaders to make sure all levels and layers of the organization are empowered with all the tools for success.
Financial Analysis & Strategy: As your CFO, we’ll perform routine, in-depth reviews of your finances and growth strategies. We’ll identify trends and opportunities to achieve efficiencies and make informed decisions to grow your business.
- Using detailed analysis, we’ll develop a strategic framework to improve the financial well-being of your business.
- Using competitive benchmarking and in-depth analysis, we’ll evaluate your current performance and sustainability.
- With a clear strategy, we will help your business achieve a competitive advantage in its industry.
- We’ll use the following tools and skills to analyze and strategize:
- Strategic financial decisions for profitability
- KPI and Benchmark reporting objective metrics
- Managing a budget and forecast
- Cash flow forecasting
- Evaluate business risks and opportunities
- Financial reporting built for your business
Opportunity & Risk Analysis: With Compass CFO, you’ll receive expert analysis of your business and the industry it lives in.
- We identify potential risks and opportunities at every stage of the business lifecycle.
- With our scenario planning, we’ll create a plan of action to navigate around risks and seize every opportunity available to you.
- Compass CFO identifies and monitors business risks, such as:
- Compliance risk
- Debt risk
- Liquidity risk
- M&A risk
- Process risk
- Personnel risk
- Contract risk
- Security risk
Cash Flow Management: The number one thing businesses go through is a lack of proper cash flow management. Working with Compass CFO will give you the confidence to know how money spent today affects your financial situation many months down the road. With historical trend analysis and future scenario projections, we can help you plan to:
- Hire additional employees.
- Increase your marketing spend.
- Purchase additional inventory.
- Invest in new initiatives for your business.
We take your financial forecasts and models to build a financial management tool to execute your cash plans week-to-week in real-time. We help reduce worry, stress, and anxiety by helping you spend your cash intentionally and with a main focus: growth. With Compass CFO, you’ll feel confident that your working capital plans are adequate, cash is available for payroll, you can make your next inventory payment, and much more.
Strategic Financial Planning: We dive deep into your business infrastructure and inner workings. Working with you and your team, we’ll identify key indicators and ways to unlock growth. We’ll provide financial projections, models, and tools that will pair with our customized and specific strategies to help your business succeed.
Systems Assessment, Development, and Optimization: We believe success can be found in creating system efficiencies, accuracies, and ease of use. With the right systems and processes, we will help your team increase productivity and profitability. We’ll provide a health scan of the following systems and processes:
- Financial accounting system.
- Accounts payable.
- Purchasing & inventory processes.
- Operational process, and much more.
Accelerate Business Growth: Compass CFO provides you with a trusted and experienced financial professional that will allow you to do what you do best in your business. Our services will provide you with detailed analysis and reports and keep a solid pulse on your finances. Breathe easy knowing we are here to show you what is working, what’s broken, and ideas of how to move forward. Partnering with Compass CFO, you can make data-driven decisions and reduce uncertainties. We’ll help you prepare to scale and grow at every stage of business. With our strategies and insights, we’ll help you make decisions to:
- Raise capital.
- Add staff members.
- Increase sales and marketing spending.
- Create more revenue streams, or niche down for greater profitability.
Compass CFO Toolbox
Compass CFO will be your champion for looking at opportunities to increase revenues and cut costs. Our toolbox includes:
- Historic financial statements & results.
- Real-time dashboard reporting.
- KPI monitoring.
- Annual operating budget.
- Rolling forecast.
- Weekly Cashflow forecasts.
- Entry and exit strategies.
- Monthly budget-to-actual report.
- Monthly customized CFO reporting package.
- Cost-cutting initiatives, such as:
- Reducing overhead costs.
- Finding more efficient solutions.
- Looking at outsourcing opportunities.
- Looking at creating terms with vendors and additional services.
What Does Our Compass CFOs Can Do For You
Valuable Experience: We’ve advised and helped hundreds of businesses and entrepreneurs grow, from e-commerce to professional service industries to venture capitalists and founders. We know what investors like, and we know how to speak with business owners and management.
Custom Financial Support: We build thought-out and thorough financial strategies that are specific and unique to your business. Having served hundreds of companies, we pool insights and expertise across countless industries and circumstances.
High Impact & Results Driven: Whether you’re looking for financial control of your business or raising your Series A, our roll-up-the-sleeves work ethic and deep expertise will deliver the results that your business deserves.
Cost Optimization: Slash unnecessary expenses, boost efficiency, and watch your profits soar.
Risk Management: Navigate the turbulent waters of risk with a CFO who anticipates challenges and safeguards your financial stability.
Financial Reporting: Gain crystal-clear insights into your financial health with robust reporting tailored to your business needs.
Capital Structure Optimization: Ensure your capital is working as hard as you do. Our CFOs optimize your capital structure for maximum returns.
Benefits Of Our CFO Service
Proven Expertise:
As a leading accounting firm, we bring decades of financial wisdom to your doorstep.
Tailored Solutions:
We don’t believe in one-size-fits-all. Our CFO services are custom-tailored to fit your unique business needs.
Dedicated Partnership:
Consider us an extension of your team. We’re not just number crunchers; we’re your strategic partners in success.