- Jan 15, 2020
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- Oct 1, 2019
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- Aug 5, 2019
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Board Advisory Services
What are the benefits of engaging a part-time CFO from CFO Evolve for your advisory board?
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Independent finance and accounting specialist.
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Substantial experience as a strategic thinker.
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Business growth and planning expertise.
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Ability to combine strategy and finance into busniess advice.
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Professionally certified.
BOARD ADVISORY SERVICES
Case Studies & Opinion Pieces
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Nobody can build a great business alone, and whether it’s a start up or an established industry leader, having access to high-quality advice can enhance an organisation’s odds of success. Who you have on the advisory board can also have a large impact on the overall success of your business. With their strong advisory, financial, leadership and strategic abilities and experience, a part-time CFO can make robust and independent addition to your advisory board.
One of the milestone developments of your business will be the creation of an advisory board. It could be the next step in reporting and governance or a pre-cursor to a Board of Directors. Whilst it is important to have an industry specialist and frequently, someone strong in governance such as a lawyer, having a strong financial head independent to the accounting and finance team is key to the success of the advisory board.
The Problem
Like employing a key member of staff you need to ensure your advisory member is the right person for the job. They need to be professionally certified, and have substantial experience both reporting to boards and being on boards. They need to be able to interrogate the numbers and provide advice and alternatives.
How CFO Evolve can help your Business
CFO Evolve only employs a CFO if they are professionally certified and have extensive experience as a finance and accounting officer or controller as either a CFO or they have gone on to CEO, Managing Director or overall general management.
We do not employ financial controllers or accountants who may not have the depth of strategic experience to ensure you get the right person for your advisory board. Whilst we match you with the perfect part-time CFO for your business and growth strategy, all of our part-time CFOs are highly experienced across the suite of our services.
What are the benefits of engaging a part-time CFO from CFO Evolve for your advisory board?
-
Independent finance and accounting specialist
-
Substantial experience as a strategic thinker
-
Business growth and planning expertise
-
Professionally certified.
If you think that a part-time CFO could assist you and your business with your board advisory services please use the quick contact button below.
Our highly strategic part-time and virtual CFOs have experience across a broad range of C-suite services. We are highly capable virtual and part-time CFOs that can guide your business through cash flow management and forecasting through to developing a strategic plan or an acquisition strategy.
Below details some of our core services, but for a more in depth conversation about how we can help you, please contact us for a confidential conversation.
If you are looking for business growth in your business a dedicated part-time CFO could grow your business with a combined approach of strategy and financial insights across process improvement, business efficiencies and business growth through inorganic means such as acquisition or partnerships.
Cash flow is critical to your business' success and survival. If you don’t take care of your business' cash flow, you could end up not having enough to continue running the business.
A part-time CFO could guide you through a cash flow restriction to ensure your business remains cash flow positive.
If you need to provide robust forecasting for one-off funding purposes or wish to use a forecasting model in an ongoing manner that incorporates your profit and loss, balance sheet and cash flow to have full understanding on where your business is going and its challenges, engaging a part-time CFO may assist evolve your business to the next level.
Having a clear strategy, strategic plan or business plan are fundamental building blocks to achieve growth. Your business plan needs to expressly state where the business is going, the strategies to achieve those outcomes, who is accountable for the strategy and the timeframes and measures to ensure they are on-track.
At CFO Evolve; our part-time CFOs build your company a strategic plan or business plan that works.
There are risks associated with many parts of business. Anticipating a business risk and uncertainties before they occur and ensuring the mitigation strategies are incorporated in the strategic plan goes a long way to taking the fluctuations out of your business and ensuring you are on a steady growth curve.
If your business requires a business risk review, a part-time CFO can begin the process much quicker than if you hire an internal CFO.
Whether through debt or equity, a bank, venture capitalist or private equity, it is important to make your organisation ready as a solid business with a strong profit & loss and balance sheet and as an attractive investment to optimise the result.
Our part-time CFO services prepare your company through 3-way forecasting, business planning and process improvement to enable your business is prepared for funding, investment and capital raising.
CFOs typically enjoy to teach and they love to help build team, skill sets and overall, the business. CFO Evolve offer their highly experienced team of part-time CFOs for CFO coaching and mentoring purposes to financial teams that have incurred rapid growth, undergoing inorganic growth such as via a merger, acquisition or strategic partnership and require extra assistance and guidance from a strategic financial perspective.
As the business grows and becomes more complex, even if you have the capability to effectively monitor your financial controller and accountant in particular, it becomes questionable whether you have the capacity or if this is taking you away from growing the business. A part-time CFO can provide this oversight of your accounting functions, providing guidance and an expert skill set to ensure the delivery of this department.
If you are looking to maximise business profit, CFO Evolve could grow your business with process improvement, business efficiencies and focus on the areas of your business to maximise profits, turn wasted hours into productive ones, saving time, frustration and money.
Different from classic business planning, the strategic variety (incorporating acquisition, exit and other strategic activities) involves a long term horizon and out-of-the-box thinking. A strategic acquisition plan helps to provide direction and focus. It points to specific and rapid growth plans with results that are to be achieved and establishes a course of action for achieving them.
A good business coaching provider will not only review your business for growth areas but review the ability of the senior team and the leadership. Business coaching provides developmental ideas that can increase performance from the top down and can provide a sounding board for the CEO and Managing Director on business pain points to be addressed.
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