CFO Services

McKenzie’s CFO services and support offer a holistic financial service approach that allows your organization to be prepared for the future. Through our detailed process, we help you align stakeholders, delineate strategy, optimize decision making, create operational financial models, benchmark your operation, optimize the accounting closing process, and help you envision the result of your strategy.

We help you to plan, analyze, optimize and work to achieve your financial future

CFO Service and Support

Our CFO service and support is an optimization to any organization looking to improve their financial functions with a team of professionals that are ready to help you make sound and educated decisions. Our services allow us to seamlessly integrate with your accounting and finance departments to help organize, guide, analyze, and optimize your financials. We strive to make you look your best in front of key stakeholders and shareholders. Our CFO services and support include, but are not limited to the following:

·         Financial and Strategic Options Report

·         CFO Strategic Planning and Strategy Service

·         CFO Reporting and Analysis

·         Integration and Transaction Support Service

·         Financial Operational models

·         Financial Close Optimization

The goal of our CFO services and support is for you to be prepared for anything that comes your way, from growth opportunities to investors looking to acquire a participation in your business. In this service, we work to be completely aligned and committed every step of the way in your journey.

CFO Strategic Planning and Strategy Service

Our CFO Strategic Planning and Strategy Service allows us to dive into your business working to align your company’s vision and mission with the actions needed to achieve your goals. Our cornerstone of this service is our three-day strategic retreat where we analyze, discuss and delineate your long-term strategy, and help you create a plan for you to achieve it. Through this service we help you consider the following:

·         Strategic positioning

·         Industry dynamics

·         Financial wherewithal

·         Areas of improvement by department

·         Organizational chart and structure

·         Concentration risks in suppliers and customers

·         Systems needed to optimize performance

·         Key growth opportunities through acquisitions or mergers

·         Determine key actions that need to take place and who is responsible for achieving them

Our services can include contracting our team to help you execute the strategic plan and implement the changes needed to optimize your business.

Other Financial Services

 

CFO Support Services

During the course of normal business, sometimes organizations need support with their finance personnel and leadership. When that happens, you need to make sure you count on best-in-class professionals that not only understand your business but also help you thrive.

There are several situations where you might need support, entering a new market, a resignation of a key finance member, a transition or growth period, or simply help in your overall finance department.

 

Financial Close Optimization

Through our process, we have determined some key actions, processes, and procedures that should be taken to have a quicker monthly financial close of your financial statements. By implementing our methodology we allow you to make quicker decisions with better information. Our financial close optimization is utilized to help determine key roadblocks that are in the way of you achieving a monthly close. We support your accounting team to focus on what is important and make sure the team is not stuck on cents when dollars are on the line. These methodologies have been created through experience and industry best industry practices.

Interim CFO or Controller

 Our interim CFO and interim Controller services offer temporary solutions for companies that need immediate help, while they determine their long-term plan. We put in place our professionals to assist you in improving areas that are falling behind or that need more attention. In addition, if you like our services, our interim CFO or Interim Controller can become a full-time solution as you have a dedicated team helping you grow your business.

 

CFO Reporting and Analysis

Our CFO Reporting and Analysis is best utilized when you have a robust financial department but would like to improve your reporting to key stakeholders. Through our systems, we allow you to look, feel, and perform like a fortune 500 company. We work seamlessly with your finance and accounting department to create monthly, quarterly and annual reports with written commentaries, analysis, and areas of opportunities. This CFO Reporting and Analysis allows your finance and accounting team to focus on closing the books and managing cash flow, while we work to ensure the financial reporting looks good for shareholders and key stakeholders of the business.

M&A Integration Services

When undergoing an M&A transaction, determining the key strategic opportunities and pitfalls is a critical task. Many of these decisions are strategic and need to be thought about before the completion of the transaction. Our M&A Integration Service looks at your company and the potential target to determine what are the key areas of risk that can affect your financials, performance, and most importantly, your culture. The most successful companies create a plan of action for the resulting 180 days post the M&A transaction. The M&A Integration teams look to help you have a clear set of actions that need to take place on Day One.    

As part of our services, we generally prefer to be engaged before the determination of making an acquisition is the right avenue to pursue. This gives us enough time to prepare your books, records, understand the culture and key aspects of your business to improve the chances of success with an M&A transaction. During the M&A process, we engage with the investment bankers and attorneys to review due diligence materials and understand how your finance department will look post-closing.

Our aim is to focus on:

·         Day one operational aspect of the business

·         Ensuring the proper chart of accounts is in place

·         Ensuring all the proper suppliers and customers are properly registered

·         Helping the team think through key system integrations

·         Creating a financial operational model to determine key KPI’s and actions that need to take place

·         Optimizing and focusing KPI’s to clearly spell out and measure the proposed synergies in any transaction