CFO Mission

at , Irvine, 92604 United States

Outsourced CFO Services


CFO Mission

Irvine , CA 92604
United States
Contact Phone
P: (949) 331-4516
Website

Description

About Us CFO Mission is an outsourced CFO services firm based in Southern California. We cater to a wide variety of clients ranging from individuals, mid-size businesses to large corporations. Our mission is to provide our clients the key financial foundations for success. We pride ourselves in delivering and maintaining consistent and personal communication with all of our clients. This intimate level of client and CPA interaction sets CFO Mission apart from all other business consulting firms. CFO Mission was founded by Ofer Amram. He has over 15 years of experience in all facets of financial services. Throughout his career, Ofer has gained expertise in various industries such as consumer-products, manufacturing, wholesale, ASP/software and professional services. He is adept in financial planning, reporting and forecasting capabilities and has effectively lead financing including: credit agreements, due diligence and venture funding. Ofer Amram received a B.A. degree in Economics and Accounting, and is a Licensed Certified Public Accountant (CPA). Relations with our Clients Our relationships with clients vary from continuous supporting roles to project based support. Relationship objectives fall into a number of categories such as: • Providing traditional accounting services including: monthly financial statements, monthly closings and bookkeeping • Helping correct problem based situations, as with inadequate profits, poor cash flow, or inefficient systems and processes resulting in poor information, strained operations, etc. • Working with owners and management to improve decision making and suggesting recommended changes to seize an opportunity for growth that the business has been unable to realize • Working in capacity of CFO/Controller on a less than full time basis • Providing an alternative view or second opinion of a company’s corporate structure, for the purpose of cash flow enhancement or to increase value • Acting as a financial coach for internal and external relationships, as well as strategic and tactical decision making • Software selection support and internal project management in post selection environments • Providing risk management tools such as insurance and retirement plans Our Services Business Planning We assist our clients in defining goals, optimizing resources and developing the optimum business model in order to achieve their goals. The success of any business is dependent upon its ability to look into the future and adjust to ever-changing market conditions. Month End Closing and Financial Reporting We found that many companies use their accounting system to manage part of their business but cannot use it as a financial reporting tool, due to lack of accounting procedures in place. We work on your accounting system by updating your historical financial data. Then, we implement a monthly closing routine that provides you with timely financial reports directly from your system. Budgeting Budgeting is considered one of the most important management tools. Budgeting scopes vary from simple profit & loss projection to detailed, cross organizational, controlled documents. We assist our clients with building the template, defining responsibilities, preparing the forecasts and creating relevant general ledger coding to measure performance. Profit Improvement We have the experience and expertise necessary to look at a company in its entirety and to recognize opportunities to improve profit. Companies use our services and long-term relationships to determine ways to improve present and future profits. Cash Flow Management Our business advisors assist your company in creating cash flow projections. Cash excesses or shortages are usually somewhat predictable. Our goal is to help predict the cash flow and help the business owner become proactive in managing excesses and shortages of cash. Working Capital Improvement Working capital is a financial measurement that represents a company's operating liquidity. Many companies have significant profits or sales but a shortage of working capital. This shortage in working capital can cause a company to be unable to make payroll or pay vendors. Our team is experienced at educating the company with new methods to improve its working capital. Turnaround Plans We work with you to reverse unfavorable circumstances affecting your business and to restructure your finances in order to generate profits. Banking & Lending Relationships We build solid banking and lending relationships to help our clients with their banking and lending needs. We understand the requirements of financial institutions and are able to help our clients prepare and present historical and projected financial data, build reporting systems, and prepare for initial and periodic bank audits. Due Diligence Mergers and Acquisitions are part of companies’ growth strategies. We provide an objective, in-depth analysis and review of financial and business plans. Management Reporting System (MIS) Structuring Every person in your organization requires financial and operational data to succeed. We analyze the current reporting system, the processes and the sources of data. We develop all levels of financial and operational reports; we define responsibilities and processes to improve transparency, availability and accuracy of financial and operational data at all levels.

Company Rating

61 FB users likes CFO Mission, set it to 10 position in Likes Rating for Irvine, California in Business services category

Accomplished for a client: Analysis of work center labor rates as well as production overhead rate. Client uses ERP to run their production. Accurate rates are necessary for correct cost allocation to products and inventory valuation. Client is now able to produce accurate sales and gross profit reports straight from the system.

Published on 2014-02-26 06:10:17 GMT

2/17/2013 Successfully accomplished for a client: A $1.5M asset based line of credit with Prime+0.75% Interest (4.0%). Bank to advance 80% of eligible accounts receivable and 35% of inventory. Line to support working capital needs. Industry: Manufacturing.