Controller for Rent™

“The absolute number one consultant I have ever met, consistently did what they said. I expect that most consultants say lots, but deliver little…but he delivered everything that he promised.”[Independent Survey response]

Controller for Rent™

In 9 months, Gene and his Controller for Rent, Mark, have brought us smoothly through a difficult year-end audit, saved us about a half million dollars in credit card fees and freed up reserves – without a personal guarantee.

Richard Chilcott, CEO, J. Robert Scott, Inc.

Controller for Rent™

Gene and his Controller for Rent, Mark, quickly transformed the surprise loss of a valued employee into a significant upgrade of our accounting department, and our costs are lower than they would have been with a full-time controller.

Richard Chilcott, CEO, J. Robert Scott, Inc.

Hello and welcome to my Controller for Rent™ site.  Congratulations on taking the first step toward freedom from worry over your company’s day to day finances.Who should think about hiring a part-time or interim Controller?  Are you a CEO or business owner who:

  • doesn’t get the information you need to make good decisions?
  • receives your reports too late to be useful, or too difficult to read in the typically dense financial data?
  • finds report errors caused mostly by an underpowered staff not properly supervised?
  • doesn’t fully trust the answers you get to your financial questions, and you know in your heart that has to change?

Accounting mistakes can be easily buried and incredibly challenging to find after the fact, so quality of work and thorough, skilled review are critical to getting reliable financial reports. And good managers of your accounting staff – who will train, groom, and hold them accountable – are not easy to find, especially today. Or maybe your accounting team is top notch, or was before the controller left, and you need time to recruit a replacement, while someone manages the finance department activities in the meantime. Or maybe your key accounting person is out on extended sick leave, maternity leave, overseas travel, and you have a short term but critical need to keep getting your financial reports on time and done right. That’s why the Controller for Rent service exists – to fill those gaps, for a few weeks, a few months, or a few years.

Why do I do this?  Because I truly enjoy helping people see the insights in their financial information, insights that often transform their ability to grow the business in sales, profits and enterprise value. That’s why I’ve assembled a small, highly qualified team of former controllers and CFOs who have the skills, the experience, and the same pleasure in helping people that I do.

The survival of every business depends almost entirely on two things: consistent profits and positive cash flow.  Everything you do must produce both if the business is to prosper. It’s critically important to stay on top of both throughout the year, which is why we close the books every month and produce financial reports. You will get a seasoned accounting manager with strong experience as a controller or CFO, whose technical expertise is guaranteed by our qualification process. You get this person in your accounting department for as much time as you need them. They will deliver reliable and useful financial reports, meet reporting deadlines for tax authorities, your board of directors, or your management team. On time and done right. And if you thought you needed someone for a month and it turns out to be three months, no problem. Three years, still no problem; and some clients have our part-time people filling their needs indefinitely, without ever having to bring a full time employee onto the payroll.

So if you dread the thought of gearing up and paying for a critical employment search for a new controller or accounting manager, it doesn’t have to be stressful or costly.  We offer part-time, transitional, temporary, or interim remedies.  We are putting our 25+ years of CFO experience behind the Controller for Rent solution – just for you. Controller for Rent™ will smooth out the kinks in your Accounting/Finance department:

  • Closing the books on time and with accuracy that will withstand any audit
  • Timely and useful financial analysis that supports good decision making
  • Improved internal controls where risk management is most critical
  • Staff training needed to improve their accounting staff’s skills and to ensure cross-training
  • Accounting system upgrades and conversions without missing reporting deadlines

Controller for Rent™ provides long-term or short-term, interim, temporary, or part-time financial management that includes hands-on, day-to-day responsibility for accounting, reporting and analysis. Our technically strong, seasoned and highly capable team will:

  • Manage the client’s accounting staff
  • Produce high quality financial reporting
  • Perform complex financial analyses
  • Implement upgrades and improvements in systems and controls
  • Utilize a wide variety of accounting software and analysis tools
  • Train staff, where needed, to upgrade in-house skills

Our Controller for Rent ™ service fills a rapidly growing need in Los Angeles and Orange Counties.  We can close the gaps in your accounting department with these qualifications and benefits:

  • All our engagements are screened by Gene personally to ensure (1) we understand what needs to be done, the complexity of the tasks and the organization, and (2) we have someone with the right experience to step into that assignment. We don’t leave it up to the client’s financial expertise to qualify the candidate; we work with them to do that together, and we do the heavy lifting.
  • All our projects are overseen by Gene personally as they progress, to ensure we understand and are meeting the goals set by the company. So every client gets a piece of a CFO in addition to their controller. Two for the price of one, if you will.
  • All our controller contractors have been in practice for a minimum of 10 years, demonstrating in the marketplace that they are delivering consistently good results. We have access to some of the best people in the region.
  • All our controllers know that Gene is always available to step in to assist with a management meeting or strategic issue that might come up, without the client having to find still another advisor with advanced management expertise.

Simply put, we deliver results, not just effort. Each of our seasoned controllers has years of experience managing accounting departments and delivering information that management needs to run the company.  Controller for Rent™ clients have gained substantial benefits from our services.  Some examples:

  • Aerospace manufacturer: Manufacturing complex custom aircraft parts without a cost accounting system in place, and with an accountant/controller that was significantly under-qualified but valued for other reasons, this company was making zero profit year after year. Our part-time interim controller took over the month end closing process and we had a cost accounting system installed. The regular, accurate financial reports from then on enabled us to successfully renegotiate key contracts and other improvements that ultimately raised the company’s bottom line from zero to a consistent average 12-15% of gross sales. We subsequently assisted the client in hiring a permanent, well-qualified accountant to replace our interim controller. That person is still employed there 7 years later.
  • Middle market B2B service provider: A valued CFO was faced with a 4 month maternity leave in her home country an ocean away. Our interim controller stepped into the company and ran a multi-location accounting department for the duration of the CFO’s leave. Asked for his reaction after 6 weeks, the CEO said he would like to clone her and keep her indefinitely. The assignment was extended months beyond the original timeframe at the request of the CEO.
  • Internet entrepreneur: An LA-based internet telecommunications company with a highly profitable business model nevertheless didn’t need a full-time accounting department to maintain their largely automated processes, but still needed reliable accounting and credible financial reporting as they dealt with an acquisition and interested investors. Our part-time controller arrives each week to oversee the in-house accumulation of accounting data. She closes the books each month and produces needed reports for a fraction of the cost of a part-time employee or bookkeeping service, and with immensely better performance and analysis capability, as needed. The engagement is currently in its 5th year.
  • Mid-sized nonprofit agency: We were engaged by one agency because the incumbent controller had built the general ledger itself from a house of (MS Excel) cards that was in danger of collapsing, and he was unable to complete a systems upgrade despite having a reasonable timeline and budget. He quit under pressure and our part-time interim controller stepped in and converted the system successfully, on time and under budget. We assisted in qualifying and hiring a new controller/CFO and the system is humming today, producing reliable, on-time reporting to management and the board of directors.
  • Small nonprofit agency: Recommended by the agency’s CPA firm, they did not have sufficient budget to hire a competent, full-time accounting staff, yet they only needed part-time assistance. Recognizing part-time employees are not always efficient workers, they engaged us to provide the entire (2-person, part-time) department on a contract basis. This assignment is currently in its 7th year.

Please feel free to contact me at gene@cfoforrent.com for an exploratory conversation with no obligation.