May 17, 2022 | 4-minute (653 words)
Managing your company’s finances as a self-made entrepreneur can be h...
The numbers alone can only get you so far – sometimes you need CFO services. To make sure your financials are pointing in the right direction, outsource your CFO. Escalon’s FinOps allocates time with a seasoned CFO who has the expertise to make decisions that will take your business to the next level. Done.
Our advisory CFO services team provides financial forecasting and financial planning insights to determine how your business decisions will affect growth in the short and long term.
As part of our outsourced CFO services, financial management consultants compile in-depth reports — key performance indicators, break-even points, unit economics, profitability — providing you with real-time financial reporting to make informed decisions with outsourced CFO services.
With the detailed financial projections you’ll obtain through our CFO services, you can present your business’s financial state to your board with confidence, letting your numbers tell the story.
Our financial analysis and financial health reporting tools, obtained when you outsource your CFO with us, give you the thought leadership and key performance indicators you need to identify whether your company is thriving or just surviving.
Our financial budgeting tools will help you accurately anticipate capital expenditures, cash flow and more so you can chart a course forward.
Our outsourced CFO services break down patterns and identify outliers with detailed financial analytics. We then leverage big data, through predictive financial analyses, to find the trends that will help or hurt your business.
We’ve been working with Escalon Services for quite some time now, and we couldn’t be more pleased with their performance. Their team consistently demonstrates exceptional responsiveness, which is invaluable in our fast-paced business environment. Whenever we have questions or need assistance, they are quick to address our concerns and provide solutions.
Paolo Ghisolfi, VP Finance at Flaviar
VP Finance at Flaviar
Coming out of bankruptcy and rebuilding essentially a new business from the ground up. While the consumer side of the business still operated as if nothing had changed, was a challenge. The benefit of bringing Escalon was that they assigned a full-time resource who rolled up his sleeves to dig into the weeds to figure out what was going on in conjunction with the team that they put in place.
Matt Preston, Controller, TRX
Controller, TRX
They’ve been able to offload a bunch of work that’s on my plate and the controller that has been assigned to our account, I trust her a lot, I trust her ability to manage the team, manage the work, get to the right answer without me needing to dive in a lot so it’s been really great on that point.
Chris Hill, Global controller, Sectigo
Escalon has been a valued partner across several of our businesses, as we’ve scaled, they have been instrumental in helping us sustain the growth and build financial functions. I’d happily recommend their services for any startup, or growing company in and around entertainment!
Benji Madden, Co-Founder of Veeps
Escalon allows us/allows me not to worry about the back office accounting function at the end of the day. We really see Escalon as an integral part of our business as part of our team honestly, sharing in the success of us, growing the business tremendously, and helping us all along the way.
Bill Brownie, CFO of Eargo
One of the things that I know has been very helpful is keeping the expenses low on the accounting and financial side of my startup, so that I can focus primarily my efforts on the development of the product, research/development, and clinical studies.
Mitch Levinson, Cerebrotech Medical Systems Co-Founder & CTO
CFO services typically offer high-level, strategic services on a project basis or on a part-time basis; for example, working on systems design and analysis as well as operational optimization.
Any business that needs access to experience as well as top-level strategy, but without the associated costs needs outsourced CFO services.
Here are some of the top services an outsourced CFO can provide a company:
CFO consulting services are professional advisory services provided by outsourced CFOs or financial experts to businesses on a consulting basis. Outsourced CFOs are high-level executives responsible for managing a business’s financial strategy, planning and decision-making.
An outsourced CFO does a lot more than an outsourced accountant and/or a bookkeeper. Here are eight additional benefits of outsourcing CFO services that can help you enhance the financial health of your company.
Yes, an outsourced CFO can help perform several financial planning functions such as setting company goals, conducting market research and analysis, drafting a sales and marketing plan, setting up an accounting and financial management system, finding ways to obtain startup funding and so on.
Yes! An outsourced CFO can help your business create strategy and business forecasts and plans. They focus on current performance needs, long-term strategic planning and guidance, and provide customized solutions specifically designed to take your business to the next level.
An outsourced CFO can also help prepare all required documents, including business plans and forecasts, in order to raise capital for growth, or prepare your company for sale. This expertise can help your firm achieve a substantial premium on a sale, or better investment/lending terms.
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