We bring all our enthusiasm, efficiency, and expertise to the table to take your CFO function to a higher level. We believe that the role of the CFO is not limited to one responsibility instead it is quite multifunctional. The CFO should be able to deal with not only planning, reporting, and managing finances, but they should also be resourceful when it comes to HR, data analysis, administration, strategic planning, risk management, and even IT. Anything can come up at any time demanding professional treatment and the CFO should not hesitate.

This is why the CFO services we provide our detailed so there is no problem left. Our services include looking over the financial functions, performance management, treasury management, risk management, and everything that is in between. The right balance of professional knowledge and experience coupled with the skills of our team makes remarkable professionals who strive tirelessly to make our clients profit the most out of every given situation.

We are known to deliver what we promise and that too on time. In a world where every step you meet the new competition, it is important to get results quick and effective, we ensure to deliver both quickness and effectiveness to our clients. Our CFO services will make you achieve the set goals sooner

Board Level Reporting

How do you see your company performance? Do you think it’s only the profits you make on weekly or a monthly basis or number of complaints settled or number of positive reviews on social media? If that is the case, certainly you are in darkness and need lots of additional information irrespective of financial or nonfinancial to ascertain that it is in the right path for success and to achieve your set goals.

Not just key financial indicators such as profit & Loss statement, balance sheet and cash flow statement, you may also need to know your employee turnover and customer satisfaction are above board for its continued success. If you have multiple business units or branches, you also need their individual performance reports on regular basis to make timely decisions.

No only that, how confident are you in relation to your relationship with key customers, suppliers and financiers? All these form part of a big success storey!

We take the full ownership of these responsibilities and provide CFO Services, acting as a visiting CFO for your organisation.    

Business Review, Restructure & Feasibility Modelling

Are you tired of being work hard, yet being less competitive and poorly performed in revenue generation? Then a business review can be a useful tool for assessing performance and making improvements to processes, systems or marketing as needed or identifying opportunities that may have been missed.

We analyse all your fundamental strengths and weaknesses, then propose solutions to capture the opportunities whilst alerting on the areas of potential threats in the marketplace. Business review is essential for any business to make necessary changes from time to time and our specialists recommend if it is time to restructure your business. It is necessary to prune a tree at the right season for it to grow to its fullest capacity and bring an optimum level of fruits. The same way every business needs some sort of trimming from time to time for it to make more competitive and rewarding for the owners.

We also provide feasibility modelling on various complex projects such as development feasibility on property developments, so you can see its viability, profitability and return on investment prior to making such decisions.

Budgeting & Cashflow Forecast

Without budgeting and forecasting for your key income and expense areas as well as for capital expenditure, you are running at a high risk of unknown surprises which can drastically slow your business down. We have seen instances, that similar situations have led to a serious cash flow crisis which was beyond recovery.

Therefore, we strongly recommend all our clients to have good realistic budget for each business segment at least for good 12 months on a monthly basis. In addition, daily cashflow forecast is a key indicator of your business capacity meet its short-term liabilities.

Feel free to contact us today, so we can assess your current budgeting needs and provide you with a comprehensive solution and are here to assist you with any of these on an ongoing basis.

Our Representations

As a business owner, you may be sharing some of the functions of a qualified CFO as you cannot afford a full time or part time CFO or you may think you can manage it on your own.

You would be surprised to know that how many businesses without a qualified CFO are failing to even meet their primary objectives of keeping a sufficient level of communication with key stakeholders such as banks, insurance brokers, property agents, government agencies such as ATO.

We can represent you in any of the following.

 

  1. Negotiate your business deals such acquisitions & disposals
  2. Negotiate on your leasing deals
  3. Dealing with IT & energy providers
  4. Asset Finance
  5. Bank loans & meeting conditions precedents
  6. Government agencies such as ASIC, Fair work Ombudsman
  7. ATO & other audits
  8. Property & business insurance, and much more

We are not just your accountant, in fact our CFO is yours;

  1. Business Partner
  2. Aggressive Negotiator
  3. Internal Auditor
  4. Strategic Advisor
  5. Recruiter
  6. Motivational Force, and much more!

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Risk Management (Insurance)

Do you know what can happen to your business tomorrow? Of course not.

There are plenty of uncertainties to a business which can dampen the speed of your race, and in some cases, it can really cripple your business. As a business owner, undoubtedly you do not want to experience any of them, but the question is whether you know them in advance or not.

Most of the businesses do not understand the depth of certain risks that they take purely because of lack of knowledge or prior experience of such.

We take pride in evaluating your risks in areas such as property, motor vehicles, business interruption, product & public liability, marine transit, workers compensation, cybercrime, management liability, etc. and negotiating with insurance brokers to achieve the best outcome so you can rest assure that all risks are appropriately addressed.

Not only, that we also take charge of insurance claims from the beginning to the end irrespective of the size and nature of the claim, so you can focus on the business with complete peace of mind.

System Integration & Automation

One of the ways we help take businesses to the next level is by helping them develop a roadmap to full or partial automation. The long-term goal is to move your business to a Cloud-based accounting system and integrate all the important internal systems with one software to provide better business intelligence and management efficiencies.

We understand the bigger picture and can assist you on the digital transformation journey, working with you to increase the efficiency of your business and provide more thorough financial and management reporting. Developing your digital roadmap must be a priority and placing the correct emphasis on the opportunity of cloud-based solutions and the potential of total business systems integration. We work with you to create a plan with the end goal in mind, promoting business growth and providing business efficiencies that ultimately save money.

 

The most important thing is your business, not the technology, the technology is a tool to help drive business growth. The challenge is navigating the best technological approach to support that growth. We at Core Business Consulting with the full understanding of your business and many years’ of experience are best placed to guide you through the challenges of automation process.

We review your existing business processes and the different software systems currently in use, to identify gaps or inefficiencies that slow everything down and cost money. We then suggest potential new ways of managing the processes and digital solutions that help drive efficiency making things easier to manage, all whilst providing your business with a quick and easy access point to business intelligence anywhere, anytime.

The end goal is up-to-date information about your business at your fingertips, any time any place. The integration of company systems helps to increase the efficiency with which your company processes accounting data so that you can keep up with the demands of your clients, suppliers and staff whist having your critical business analytics within a single dashboard.

We work with multiple accounting software packages like Xero, MYOB, QuickBooks and many others. We support clients in their move to the Cloud and the process of integrating other systems such as CRMs, POS, Inventory Management, Ecommerce, and Accounting tools like Receipts Bank, business intelligence dashboards, HR software, document management systems and more.

Our team is here to help your business prosper. We are determined to help you on your journey to growth and work with you to take your business to the next level. We understand the bigger picture and can listen and advise; not just on cloud accounting, but along your entire journey to system integration and complete automation.

Staff Training & Performance Review

The human resources are the most precious asset of any business. The same principle applies especially for small businesses that are looking for innovative ways to sustain and grow. However, businesses often overlook employee training as they are so overwhelmed with running the business. This results in a workforce that’s both inefficient and unsure about what is expected out of them. While businesses may be tempted to cut employee training, the saving is not worth the downside that the company may face in future. By investing in employee training small businesses can expect a higher dividend.

Well-trained and skilful employees are vital for any business to flourish. Not only does it make employees feel valued but also increases the overall performance of the company. However, for the training to be effective, it is necessary to have a systematic plan in place.

In addition, plan regular training sessions, use employees as trainers, equip employees with new skills, make use of online training tools, encourage employees to learn & set training goals are some of the key areas of action to be taken in staff training.

Finding and keeping good staff is a challenge for most businesses. Conducting performance reviews is an effective way to recognize and reward staff contributions, which can help you retain the expertise you need and minimize your business’s staff turnover and recruiting costs.

Many businesses find it challenging to find time in staff reviews whilst keeping up with the daily demands of operating a business. Finding the time to review business and staff performance can help you improve the way your business runs and build a strong and effective team. We strongly encourage to establish a performance review process as it is an essential part of effective business leadership.

We are here to assist you with both staff training and evaluating their performance on an ongoing and more structured basis.

 

Good Governance & Best Practice Strategies

Good Governance & Best Practice Strategies can increase your company’s long term viability, strengthen public perception, enhance the business’ value and pave the way for the ultimate goal.

If you are the owner of a small to medium business, you are probably also a director and possibly the manager. In the face of the different demands each of these roles bring, it’s important that you cannot ‘see forest for the trees’ – focusing a disproportionate amount of time on operations (‘in the business’), rather than on the strategic growth (‘on the business’). This is where governance can introduce discipline, providing a roadmap for the future.

While good governance may look different for different sized companies, the role it plays – not only in compliance but in risk management, business performance and sustainable growth – is critical for all.

In our initial health check for all our clients, we recommend them the good governance practices that are essential for their businesses.