Outsourced CFO

Few companies, if any, have a long track record of consistent growth and profitability without careful financial planning, reporting, and money management. This is true even when the economic outlook is stable. Business prospects can be forecasted with some certainty but are even more important when a black swan event, such as a global pandemic, makes forecasting more uncertain.

The job of forecasting, monitoring, and reporting financials is the responsibility of the company’s CFO. These three are key: (a) accounting overview and financial reporting, (b) financial planning & analysis, and (c) treasury management. Regular financial reporting from the financial team to key stakeholders is a vital component of management information. However, many companies do not have the need, or the budget, for a full-time, experienced CFO. Therefore, hiring an experienced, appropriately skilled, part-time, or fractional CFO may the solution to this problem.

If you are a firm that needs a CFO but does not require it to a full-time executive, KROST can help by providing a part-time, outsourced CFO professional to fulfill your requirements. Our professionals have the deep operational and accounting experience that can fulfill the needs of a wide range of companies from large to small, early-stage to mature, from family-owned to corporate, across all industries.

Specific tasks that KROST professional can undertake include:

  • Oversight of the Company’s books including
    • Revenue recognition
    • Cost accounting
    • Accurate booking of assets and liabilities
    • GAAP compliance
    • Directing the finance and accounting functions of the Company
    • Overseeing internal accounting staff
  • Preparation and distribution of financial statements
    • To support the decision-making process
    • For management, board of directors and shareholders
    • To external parties such as lenders
    • Show actuals vs. budgets/projections with notes on variances
  • Preparation and maintenance of projections and budgets
    • P&L projections
    • Cash flow forecasting
  • Capital expenditure analysis and planning
  • Acquisitions and divestitures analysis and preparation
  • Investor relations – communicating with investors and public relations firms
  • Managing the Company's cap table and stock option schemes

Example of Financial Planning and Analysis

Financial Modeling

  • Financial Planning and Analysis (FP&A)
    • Budgeting
    • Forecasting
    • Modeling function that supports an organization's financial health and business strategy
  • Financial Monitoring