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Financial Management Assessments

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Getting Finance working for you, not against you.

• Are you dissatisfied with the performance of your CFO or controller, but don’t know what is wrong or how to fix it?
   

• Do you get reports that are late, inaccurate or irrelevant, yet your financial officer tells you they can’t do any better?
   

• Is there always a reason you can’t get the information you need to run the company?  

Ask an expert. Request an independent assessment of your financial department by an independent Chief Financial Officer – Your CFO for Rent.  

What is the objective of the assessment?

To rapidly develop an informed opinion about the ability of an organization’s finance department to deliver the performance expected of them. To develop a draft action plan to correct the problem and give you what you want. To determine if management expectations are reasonable in relation to the capabilities of their finance/accounting department and, if so, why they are not being met. 

Who needs such an assessment?

The CEO who is dissatisfied with the performance of the company's finance and accounting department, but is unsure about who or what to fix. A second opinion may be desired to determine whether the problem is the quality of the people, the limitations of internal systems, the organization skills of department management, or the procedural interface between them.

Methodology

A senior financial management consultant will interview you and review certain information that will be requested in advance of the assessment visit. The consultant then designs a short but highly customized questionnaire and interviews on-site a number of key people who are either recipients of finance department services or key managers within finance itself. These interviews focus on discussion paths that typically surface core issues, personal beliefs and basic competencies of the people responsible for finance and accounting. Analysis of these interviews will lead to insights not normally possible within the organization framework. These insights will be summarized and presented to management along with appropriate suggestions and recommendations (the Action Plan), all in a written report. A follow-up meeting is arranged 3 to 6 months later to provide an independent assessment of progress in implementing the Action Plan.