Services > Professional Services Businesses
CFO Strategic understands the key needs of Professional Service Businesses. We have broad experience and are experts at ensuring best practice financial leadership for businesses; working as part of the business seamlessly integrating into the executive or partnership team. Our expertise and proven track records allow us to immediately and successfully take over any strategic or operational finance roles enabling the business improve, expand or restructure.
Independent Advisory/Chairman Role
Strategy
- Consult and develop strategies for maximising firm performance and profits
Leadership
- Steer and lead partners to decisions that align with agreed strategy
- Chair effective partners meetings with agenda and appropriate level of professionalism
Drive Change
- Document decisions made and follow through on implementation
- Coaching and mentoring of partners to obtain peak performance
Key Business Drivers
- Develop KPIs and benchmarks for partner and firm performance
- Coach and mentoring of fee earners to ensure KPIs/benchmarks are met
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Chief Financial Officer
Planning and Reporting
- Budgets and plans as required (annually or quarterly)
- Budgets for reinvestment of firm profits in people and infrastructure
- Reporting on firm performance to fee earners
- Board reports and presentations
Cash Management
- Cash flow forecasting and monitoring
- Develop pricing and fee structures
- Drive cash flow through management of Lock Up
(debtors and work-in-progress)
- Implement and follow through on credit control procedures for clients
Management
- Manage finance and accounting functions
- Weekly / monthly cashflow management
- Management of all finance and accounting staff, Mentoring, training and guidance, performance reviews
- Implementation of procedures and policies
- Engagement with external accountants for tax advice and forecasts of income tax liabilities
- Engagement with suppliers of IT and other infrastructure
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If there are any questions don't hesitate to contact us.
Phone: +61 2 8901 0217. Email: contact@cfostrategic.com.au
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