I provide interim financial management services, particularly undertaking responsibility of the company’s Chief Financial Officer (CFO), or ensuring activities of controlling department. International reporting in English or German language.
This service is provided by mutual agreement, usually for a period of 2 – 7 months, depending on the client’s specific situation and needs. This period usually provides sufficient time for the company to find a new, permanent manager who can overtake long-term responsibility. I will bridge the interim period by assuming all financial responsibilities normally exercised by the company’s Director, Financial Manager or controlling department. I will also utilize my extensive prior experience to suggest modifications and improvements to the company’s operations for your consideration and possible implementation. At the end of the interim period, I recommend reserving adequate time for transfer of responsibilities to your new or current CFO.
As interim CFO, my main tasks and responsibilities are defined for an agreed period of time and include ensuring smooth daily operation of the finance department, but it is also possible to jointly define other areas of company operations that should be given further priority.
The use of an external Finance Director also brings other valuable benefits. We are able to achieve significant changes in the company’s functions by making unpopular or very complex decisions that would be otherwise difficult or impossible for long-term managers to push through.
The usually areas of responsibility for CFOs include:
- Tax agenda
- Internal auditing
- Tax optimization
- Cash flow
- Monitoring and cost control
- Securing company financing, interaction with banks and raising capital
- Support to decision management
- Establishing and maintaining IT and accounting systems
- Company insurance matters
- Investor reporting
- Allocation of capital
- Company risk management
Other areas of responsibility ensuring by your CFO, as for example mergers and acquisitions, fall into the area of project interim management, and can upon mutual agreement be added to the scope.
- Mergers and acquisitions
- Integration of the merger
- Working capital management