Finance

For many small and medium-sized businesses, the costs associated with hiring an executive to manage finances can often be prohibitive, especially since this expertise is sometimes required on an ad hoc basis. At Talentrix Group, we offer financial leadership services. As a virtual CFO, we commit to your company on a temporary basis by providing the expertise and guidance necessary to produce timely and accurate financial information that will enhance your company’s decision making. As a CFO in service, software, manufacturing and high-tech companies, we are recognized as being focused on operational and financial efficiency and excellence. We are able to establish metrics to optimize a company’s performance, find the most appropriate sources of financing, maximize the use of capital and ultimately increase shareholder value.

• Development of annual budgets, multi-year financial projections and cash flow forecasts;
• Supervision of cash flow management, financial reporting or other payroll or accounting functions;
• Search for financing with lenders and/or investors;
• Contribute to the development and drafting of the company’s strategic plan and business plan;
• Preparing the company for merger and acquisition activities;
• Financial restructuring: analysis of the cost structure, negotiations with creditors, plan to solve the liquidity crisis;
• Monitors compliance of activities with tax regulations and assists with tax planning, including tax credits;
• Liaison with auditors, funders, tax authorities, insurance brokers, legal counsel, etc.;
• Establish and maintain investor and shareholder relations and assist in the planning of Board activities;

Cash flow management and forecasting: Establish a financial model and the necessary processes to correctly and accurately forecast cash flow. Identify solutions to improve and find potential sources to fill working capital gaps.

Financing activities: Assist in determining funding needs, identify potential funding sources and introduce the organization to potential lenders and investors. Guide the company through the financing process from introduction, through negotiation, to completion of the financing.

Strategic planning and financial modeling: Evaluate and compare the company to the industry to understand what the company’s cost structure should be. Provide input into the development of the market strategy. Establish the current and future valuation of the company. Prepare the company for a possible merger, sale or purchase of other complementary companies.

Management reporting and profitability improvement: Assist in the production of accurate and useful financial information to facilitate decisions and drive improved profitability. Review financial statements and reports, identify and implement changes to accounting and business processes necessary to get the data that really matters.

Risk management: Analyze the different risks of your company. Review customer/supplier contracts. Prepare risk mitigation plans. Help manage the risks that really matter to your business.

Advice on exporting: Identify the export strategy, including potential problems related to the taxation of different countries, sales taxes, contracts as well as the financing needs that can be met by the different tools available to exporters.

Tax advice: Help understand how to maximize tax credit refunds. Identify aspects of cross-border transactions or ownership structure that could benefit from improved tax planning and result in significant tax savings.