When to engage an Interim or part-time CFO A financial professional can save your company time and money by evaluating what you need in your lead financial role. Most small companies find that, once a reporting system is put in place and procedures established; a part-time position is adequate to fulfill their financial requirements. Frequently, existing staff can manage the day to day activities once the fundamental structure has been established. Interim CFO support does not have to be long term.
The needs of a small business frequently extend well beyond the services provided by an accountant or bookkeeper, but do not justify the expense of a full-time CFO or Controller. The initial design of financial systems and corporate policy may not seem significant during enterprise launch, but their proper implementation frequently spells the difference between a company that has sharp visibility and control over its future and one that does not realize it’s heading down the road to disaster. A seasoned professional can manage such tasks and provide high-level expertise to a company that may not be quite ready for a full-time role.
A few examples of services provided:
And lastly, when you are trying to evaluate whether to hire a CFO or Controller – and you need honest, clear assessment of whether you require a full-time or part-time role.
A senior financial professional with a proven track record in managing all aspects of financial and treasury functions within global distribution and manufacturing operations and service organizations.
Michael is customer focused and results oriented team builder with excellent communiation and problem solving skills. He has successfully streamlined organization by 31% through plant closings and consolidation of positions, which reduced annual operating expenses by $4.6 million.
His progressive experience in a private equity environment allowed him to become skilled with bargaining unit negotiations. An attestation to his problem solving skills, Michael successfully managed an $8 million business to avoid potential bankruptcy filing.View Michael's Background Connect on LinkedIn
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