CFO IN THE BOX

Why our software is a "Smart Business Decision?"

CFO In The Box software solves a very real problem for small business owners. 

Business owners want to make smart business decisions but often lack the right financial information.  Financial statements alone don’t tell them everything they need to know.

Small business owners want to know:

“Do my financial results comparing favorably with other businesses in my industry?”

“Am I making the best use of the financial resources (cash, assets, loans, etc.) that I have?”

“Is my business Financially Fit and Efficient?”

“Where can I make small improvements that yield significant results?”

“How can my business become more profitable and improve my cashflow?”

“How do I avoid insolvency?”

 These are questions that only a Chief Financial Officer can answer for them, but many small businesses can’t afford a full-time CFO.

 

What's the Solutions?

In working with small business owners and entrepreneurs as their interim CFO, we found that many small business owners appreciated our CFO perspective on their business finances.  They found our analysis and recommendations very helpful in making necessary and profitable improvements.

What they didn’t appreciate was the cost of it all.  It took time to do the analysis of each business and many times we were providing the similar solutions for different businesses. 

We had to ask ourselves “how do we improve this picture?”   How do we provide the same CFO perspective to more small businesses?

How It Works

The answer came in the software we developed.  It took many months of programming and trial and error, but the result was worth it. 

Finally we had a software tool that would allow us to give a business owner our CFO perspective – quickly, efficiently, and effectively – and zero-in on what made their businesses tick and uncover problems that can become ticking time bombs.

Our software is designed for the strategic thinker who doesn’t have financial expertise in-house.  It provides simple solutions.  It’s easy to understand and most importantly, it’s easy to use.

Four Simple Steps

 

Step 1. Interview

CEO/Owner rates their business in 5 key areas.  

 

 

 

 

 

 

 

Financial statement information is input for review and analysis.

Frequently there is a disconnect between how a CEO/Owner rates their business and the actual state of their business.  Our evaluation scorecard highlights where they actually are, and where they need to improve.

 

Step 2. Evaluation - provides an accurate assessment of the business in key ways.  
Industry Standards – Compares the financial results with industry standard financial performance.  Is the business keeping up with the competition?  Where is it falling behind?

• Working capital – Do you have the working capital needed to succeed?  Many businesses don’t know how to measure this.
• Efficiency – How efficiently is the business using their assets and capital?  How could you improve that?  Do you know your ROCE score?
• Leverage – Assesses your business the way a banker would.  Will you qualify for a loan if you need one?
• Solvency – Is the business in danger of becoming insolvent? 

 

 

 

 

 

 

 

 

 

 

Step 3. Solution and Report
Solution - Once the Evaluation stage is completed, we pinpoint areas for improvement.  “What If” scenarios can be run.  The software allows us to show how even small changes in certain areas can yield significant results, and a Solution Strategy is developed.

Report – The Evaluation and Solutions are combined into a report. The Report expands on the points made in the Evaluation and Solution stages. 

 

 

 

 

 

 

Step 4.  Key Indicators
Compares the actual financial results to the solution strategy in a graphic format.