Outsourcing CFO and Accounting services to dedicated firms is a trend becoming increasingly popular among businesses. Usually because these CFO firms help businesses look at the bigger picture, their only skill isn’t financial recording and management.
A CFO ensures that the system and processes being practiced in your organization are up to date and are able to produce efficient financial data; so consequently, the owner can make better decisions. CFO services goals and objectives are parallel to the business’s goals, ensuring proper growth and expansion while keeping the daily cash flow in order.
Finding the right CFO Service has gradually become difficult, primarily because there are so many of them. You need to be sure that the CFO Service you are going for is highly relevant and effective for your business.
At ECS Consultants LLC, our focus is only on Small to Mid-Sized Private Entities (SME’s). Hence, we bring to your Organization the following quality services:
Financial Reporting and Operational Accounting Services
Business owners, CEO’s, and managers require accurate and timely financial statements and cash Flow Metrics in order to understand their company’s financial performance and liquidity position. ECS Consultants LLC provides assistance in all aspects of the finance function from accounting transaction processing, process improvements, financial reporting preparation, and Executive management reporting. In addition, we assist organizations that have a “peaking” issue due to a company’s strategic initiatives or special projects.
External Audit Preparation
ECS Consultants LLC assists clients in preparing for and facilitating the external audit process. Our teams are armed with practical audit engagement experience enabling them to deliver high quality audit deliverables while navigating efficiently through the challenges of an audit. Proper preparations ensure that a company’s accounting staff is not bogged down by the rigors of audit inquiries and minimize the disruption to the ‘day to day’ accounting function.
Transaction Advisory Services
Mergers and acquisitions are among the most challenging and risky of business activities. We partner with our clients to streamline buy and sell-side services for mergers and acquisitions, reducing the challenges and risks associated with these complex transactions through proven due diligence, post-closing balance sheet settlement, carve out financials, and on-going integration services.
Accounting Policy Research and Implementation
Regulation requirements are increasing and CFOs/ Controllers have an increasingly personal stake in regulatory adherence. Enterprise Control Solutions (“ECS”) assists clients with accounting policy research in all areas of US GAAP. We have assisted Clients in various industries with accounting issues around consolidation), derivatives, business combinations, impairment,, revenue recognition, bad debt and loan loss methodologies, foreign currency accounting and others. We can provide outsourced accounting policy support for an organization as well as “one-off” accounting guidance.
Other specialized CFO and accounting services include:
- Accounting standards review, recommendations & implementation
- Accounting issues research and resolution
- Startup Enterprises consultation on accounting set up procedures, controls and Tax Guidance
- Data Forecast, Projection and analysis
- Internal controls development and implementation, including IT controls
- External audit preparation and documentation
- Forensic accounting projects
- Financial statement preparation; including KPI’s
- Business plan support
- Cash flow planning and development
- Support for new systems implementations