Delta CFO
Interested in learning more about us?
Delta CFO is dedicated to providing the perfect skill set matched to each financial accounting task. We are based in New York and serve the Northeast corridor from Philadelphia to Boston and surrounding areas. Our sweet spot is providing outsourced CFO services to the financial services industry participants. While client needs vary by engagement our Delta CFOs are available on an interim full time, part time, or consulting basis. They become trusted members of your organization, become integrated into fabric of the firm and provide strong financial leadership. We also offer a broad array of ancillary services.
Why Delta CFO?
Please take a moment and review the five questions below. If you answer "yes" to any of them you should contact us, maybe we can help.
1. Do you need better financial leadership throughout your organization?
2. Is your financial information late, inaccurate, or just not very informative?
3. Are you hoping that someday your financial operations group will produce timely projections, budgets, forecasts or any helpful forward looking financial information?
4. Do you need a highly skilled and deeply experienced financial executive who understands your business but you think will be too expensive?
5. Are you worried about your internal controls, cash management, expense controls, day to day processing, etc., but you just don't have the time or staff to get at it?
If you answered "yes' to any of these please call us, but first read our "no nonsense policy" below.
The Delta CFO "NO NONSENSE" Policy
Responding to queries efficiently and honestly has become a tradition at Delta CFO. It's a tradition we like so much we have made it our policy. If you call us with an inquiry we will tell you honestly and immediately whether we can be of assistance or not - NO NONSENSE!
About Delta CFO
Most organizations grow in fits and starts and over time grow large enough to afford the luxury of a full time CFO. However all companies need some of the skills that an experienced CFO can offer whether it be as little as ten hours a month or as many as a hundred. The outsourced CFO offers many benefits(described below) to the organization with no downside risk. Additionally, there is no burden added to the payroll and no long-term commitment that hiring employees implies.
Benefits of CFO outsourcing:
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Attracting investors: transparency and communications of financial data to new and existing investors is critical in today's environment. Having an experienced CFO preparing those reports and presentations to investors will be critical to attract and keep investors and it will inspire investor confidence in your operation. Additionally it will satisfy and facilitate due diligence requirements for institutional investors.
Attracting investors: transparency and communications of financial data to new and existing investors is critical in today's environment. Having an experienced CFO preparing those reports and presentations to investors will be critical to attract and keep investors and it will inspire investor confidence in your operation. Additionally it will satisfy and facilitate due diligence requirements for institutional investors.•Control, control, control: understanding internal controls and mitigating the risk of misdeeds while perfecting the basics of the accounting process can be accomplished by an experienced CFO. An outsource CFO can create a monthly closing and review process within a controlled environment that will ensure the financial statements are prepared accurately and within a timely manner. An accurate tax return cannot be prepared without sound financial statements. Many small businesses pay the wrong amount in taxes(and eventually penalties and interest) because transactions are not recorded properly on their ledger.
Control, control, control: understanding internal controls and mitigating the risk of misdeeds while perfecting the basics of the accounting process can be accomplished by an experienced CFO. An outsource CFO can create a monthly closing and review process within a controlled environment that will ensure the financial statements are prepared accurately and within a timely manner. An accurate tax return cannot be prepared without sound financial statements. Many small businesses pay the wrong amount in taxes(and eventually penalties and interest) because transactions are not recorded properly on their ledger.•Managing the business numbers: developing budgets, understanding revenue drivers and controlling costs are required to successfully grow a business. The company needs a plan for revenue and expense management. An outsource CFO can help the business owner develop a model demonstrating what the needs to be done to meet a sales goal, turn a profit, or achieve a desired gross or net profit margin.
Managing the business numbers: developing budgets, understanding revenue drivers and controlling costs are required to successfully grow a business. The company needs a plan for revenue and expense management. An outsource CFO can help the business owner develop a model demonstrating what the needs to be done to meet a sales goal, turn a profit, or achieve a desired gross or net profit margin. •Assistance in obtaining financing: Bookkeepers perform a wonderful service, but it often takes a certified public accountant (CPA)
Assistance in obtaining financing: Bookkeepers perform a wonderful service, but it often takes a certified public accountant (CPA) acting as an outsource CFO to present financial statements that are suitable to submit to a lending institution for financing approval.
•Technical tax and regulatory requirements: many business owners ignore the consequences of neglecting to pay taxing authorities or filing timely regulatory reports at the federal and local levels in full and on time. An outsource CFO can help the business owner stay in compliance and navigate the various regulations.
Technical tax and regulatory requirements: many business owners ignore the consequences of neglecting to pay taxing authorities or filing timely regulatory reports at the federal and local levels in full and on time. An outsource CFO can help the business owner stay in compliance and navigate the various regulations.• Managing cash: Nothing is more important to small businesses than the ability to have adequate cash available to run the day-to-day operations. . An outsource CFO can build a model to forecast cash-flow requirements on both a short-term and long-term basis. The CFO can also assist management in prioritizing cash-flow needs.
Managing cash: Nothing is more important to small businesses than the ability to have adequate cash available to run the day-to-day operations. . An outsource CFO can build a model to forecast cash-flow requirements on both a short-term and long-term basis. The CFO can also assist management in prioritizing cash-flow needs.•Improving financial statement quality: Additionally, as business owners look toward the future with the hope of someday selling their
Improving financial statement quality: Additionally, as business owners look toward the future with the hope of someday selling their company, it makes perfect sense to clean up the financial records and make sure the buyer's due diligence does not become an arduous task.
•Selection of employee benefit packages: As small businesses grow and become more successful, business owners often want to share the wealth with employees by providing richer benefit packages. An outsource CFO can help the business owner evaluate the costs and benefits of various retirement plans, insurance programs and executive compensation packages.
Selection of employee benefit packages: As small businesses grow and become more successful, business owners often want to share the wealth with employees by providing richer benefit packages. An outsource CFO can help the business owner evaluate the costs and benefits of various retirement plans, insurance programs and executive compensation packages.For a relatively small monthly financial commitment, the outsource CFO can provide invaluable financial advice on a wide variety of issues.
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The Benefits of an Outsourced CFO
