CFO outsource expert, Allan Tepper, reveals how CFOs can help business owners break through the glass ceiling – New York, NY

Allan Tepper, founder of CFO Consulting Partners with offices in New York, NY and Princeton, NJ, has just revealed how his firm is helping business owners work with interim CFOs. For more information please visit http://cfoconsultingpartners.com

New York, United States – March 7, 2018 /MM-REB/ —

Business finance expert and CFO Allan Tepper, founder of CFO Consulting Partners with offices in New York, NY and Princeton, NJ, has just revealed how his firm is helping business owners and management teams work with interim CFOs to achieve new heights.

For more information please visit http://cfoconsultingpartners.com/

When asked to comment, Tepper said, “It’s natural for ambitious business owners and their teams to become so preoccupied with growing their businesses that sometimes financials and accounting processes are overlooked, and the company doesn’t have the intel to break through their glass ceiling. Our goal is to find and fix the problem using our decades of combined CFO experience.”

Tepper also announced how CFO Consulting Partners have a “plug and play” firm of CFOs that solves these problems and advised business owners to look for 3 things when commissioning an outsourced CFO function.

1.) Get a Complete an Assessment

One of the most critical steps, Tepper said, is to assess a company’s finance and accounting function.

“Early on you should be trying to determine what is really going on in the company by looking at the quality of the finance and accounting team and their process in calculating and presenting the company’s financials,” he said.

“As a team, we also research whether or not the financial reporting is describing the business in a way that allows the people in management to make the right decisions,” Tepper added.

2.) Pinpoint Problems

Tepper then added, “Another essential box that needs to be ticked is to ensure that after reviewing an assessment, the CFO outsource firm should be able to advise the business owners on what needs to be remediated or improved upon, and should then agree on a list of actions and the estimated timeline along with associated costs,” he said.

One common problem Tepper sees among his clientele is that the financial reporting often falls short in regards to explaining the company’s financial story.

When asked to elaborate, Tepper said, “As experienced CFOs, we are trained to weave together a narrative of the company’s present situation, its financial goals, and its future by using numbers and figures. Ultimately, this will make the business more attractive to lenders and investors never mind give the management a clear set of benchmarks to gauge success.”

3.) Execute the Plan

Normally if you need to hire a CFO it can takes months and cost literally tens of thousands in relation to recruitment fees and monthly salary. This isn’t something a small business that needs to move quickly can afford.

The big benefit that a firm of outsourced CFO’s, such as CFO Consulting Partners bring to the party, is that once a plan is agreed, we have a team of people with an array of experience that are good to go.

Executing the required actions, according to Tepper, to bring any financial planning into reality is the ultimate goal, and the client should be kept in the loop at all times.

“For example, we hold weekly meetings with our clients to let them know where we are in each project area and how much of the action plan we have already completed.”

“As a financial consulting firm, once we’ve done our job we also assist in the hiring a new CFO and have a two-week overlap period to ensure that the processes are handed over smoothly,” Tepper said.

Source: http://RecommendedExperts.biz

Contact Info:
Name: Allan Tepper CPA/MBA
Organization: CFO Consulting Partners
Address: 174 Nassau St, Princeton, NJ 08542
Phone: (646) 650-2028

For more information, please visit http://cfoconsultingpartners.com/

Source: MM-REB

Release ID: 307745