When you need to strengthen your finance team for a while, we agree with you on the goal, the scope of responsibility and how duties will be handed over.
An Interim CFO is a finance director who, for a set period, takes over agreed responsibilities or leads a specific project. They work with the management board and the finance team.
Monitors liquidity and budget execution. Agrees with the team which matters need an urgent decision.
Explains changes in results, assesses profitability and presents the financial impact of the decisions under consideration.
Can streamline reporting, budgeting or forecasting and hand the new ways of working over to the team.
An Interim CFO can prepare management reporting and run a detailed analysis on the data available in Fincorex®. The scope depends on the model and the board’s needs.
Income statement, key ratios and a comparison of actuals with budget and forecast.
Breaking down variances by company, cost center or project, depending on the dimensions in the model.
A walk-through of what changed the result, the risks to the forecast and the decisions that need attention.
We discuss the company’s situation, the board’s priorities and the decisions the Interim CFO will be responsible for.
The CFO works with the team and reviews progress and decisions that need their input with the board.
We sum up the work done, open issues and the arrangements the person taking over the role will need.
When you need to strengthen your finance team for a while. Most often it is one of two situations: keeping finance running while someone is away, or leading a specific project, such as streamlining budgeting, reporting or changing a process.
As cover: taking over agreed CFO responsibilities, overseeing reporting and liquidity, and supporting the board in day-to-day decisions. As a project: streamlining budgeting and forecasting, management reporting and data analysis in Fincorex®, and agreeing new ways of working with the team.
First we discuss the company’s situation, the board’s priorities and the decisions the Interim CFO will be responsible for. On that basis we set the goal of the engagement and, with it, its length – for the period of cover or until the project is complete.
With the management board and the finance team. The Interim CFO works with the team on ongoing tasks and reviews progress and decisions that need their input with the board.
Yes. They can prepare management reporting – the income statement, key ratios, actuals compared with budget and forecast – and break down variances by company, cost center or project. The scope of the analysis depends on the model and the board’s needs.
We hand over responsibilities in an orderly way: we sum up the work done, open issues and the arrangements the person taking over the role will need. If ways of working changed during the project, the team knows them and uses them.
Tell us which tasks need to be taken over or which project needs to be led.
Let’s talk about Interim CFO