Why a Part time Consultant CFO?
Businesses looking to scale, evolve or evaluate often require a chief financial officer (CFO) to provide leadership and help drive the business forward through sound commercial and financial decisions.
A strong experienced CFO can partner with your management team to underpin the foundation of your business with healthy, sound financial decision process in your everyday business.
Small to medium sized businesses growing in size and complexity today are benefiting significantly from the guidance of a CFO but often cannot afford to hire one. A part time Consultant CFO outside your organisation can become one of your team and give you all the benefits of a CFO without a full-time hire commitment.
Why HTL?
Tracey Harris, Director of HTL Consulting and the Senior CFO Consultant has in excess of 20 years experience as a CFO across a cross sections of industries and business structures from private to public companies and NFP/Government Corporation. She has a passion for small to medium sized businesses growing up in a small business family.
At HTL we work with our clients from both their offices and remotely. While we find it practical to be efficient with time and work remotely we have also found to become a true member of your team, build relationships with key stakeholders and get a strong understanding of the business spending time at your offices, where possible is imperative. We therefore do not provide a “virtual CFO” offering.
We are also very conscious there are limited resources in small to medium businesses and very much roll our sleeves up and work with the business in the detail. Whilst doing this we also work closely with staff members to upskill them and coach where and as identified.
For a complementary one hour meeting to discuss your potential requirements with Tracey please provide your details below…..
We understand owners feel the need to own everything in the business including operations, sales, marketing and finance. It is not however always the best use of your time or deliver best outcomes for the business.
A CFO that sits outside of the ownership can often assess scenarios far more timely and identify with clarity the status on a situation. Guidance can be provided and a CFO working with the owner and Management can often deliver far more.
With compliance complexities increasing fast we are finding many businesses are looking to update their ERP and software systems and CFOs can help enormously.
HTL has seen demand soaring for business appraisals during COVID-19. Succession planning is one of the core drivers for this with owners recognising their own mortality and now wanting to reduce stress, share risks and workloads. One of the core issues we have also identified is many owners are utilising financial numbers prepared for the purpose of taxation compliance or requesting taxation accountants to provide data for the purpose of online assessments that utilise the data provided resulting in far inferior appraisals than those prepared based on actual management performance accounts. We need to remove discretionary spend, non-recurring costs and ….