The consulting team offers a unique set of solutions designed to provide clients with a method to measuring and controlling the financial performance of their company by implementing the following services:
Production of forward-looking budgets that project sales and expenses over a twelve-month period. The budgeting exercise uses past data as well as forecasted performance to create a plan to assist owners in guiding the company to its financial goals. Each Client’s chart of accounts is converted to a consistent standard which enables our team to present benchmarked results from similar companies. Our budgeting model is fully integrated with the client’s operating system enabling the monthly update with the click of a button.
Creation of operational dashboards that provide a summary of key performance indicators for the business. In each area of operation, a few key measures are defined and tracked, with detailed data for each measure available and easily accessible. Over twenty-five dashboards are available for use by each client and each is customizable to specific needs.
Development of variance reports to view actual versus budgeted performance to identify early warning signs if the business is not going according to plan.
Implementation of a breakeven analysis that forecasts the level of sales dollars required to cover the fixed costs of the organization, making a zero profit. After the fixed costs are covered the profitability of the company increases exponentially; the value of the contribution is calculated as part of the breakeven analysis. Breakeven is calculated for each unit as well as the entire organization.
A process for reviewing and analyzing financial reports is created. In these meetings, the owner and managers, along with the consulting team, meet to discuss current performance against existing goals and objectives. The consulting team will assist the management team in the development of action plans. This process has specific reports and analytical tools to enable the meetings to go smoothly and to be productive and focused on financial performance.
Our consulting team is equipped to provide investment information to owners exploring business opportunities. We complete a return on investment analysis, calculate the net present value of the project, and provide all documentation to make an informed decision regarding the investment.
This analysis will provide a client with a “what if” model to analyze business performance. It illustrates the effect to profitability with changes in business types, mix of products, decrease in sales, increase in margins, and reduction in operating costs.
