CFO Systems LLC : Practical, experienced financial leadership – when you need it

Commercial Finance Company

A commercial finance company engaged CFO Systems, LLC to operate as both timeshare CFO and timeshare controller. In a three-year period, CFO Systems quintupled the company’s assets from $20 million to $100 million.  We also assisted the company in attracting more than $600 million in debt capital and more than $25 million in non-senior capital.

In addition, CFO Systems implemented routine financial reporting and analysis. We also designed and implemented a robust monthly forecasting model. By implementing these changes and working closely with the staff, we were able to shorten the audit time from more than four months to less than seven weeks.

Commercial Construction Company 

CFO Systems, LLC operated as both interim Controller and timeshare CFO for a commercial construction company that was struggling with major cash flow problems. The incumbent CFO and General Manager were positioning the company to file for Chapter 11 bankruptcy protection, but the company’s owner was adamantly opposed to their strategy.

CFO Systems stepped in to support the owner. We communicated with creditors to develop payment plans and terms that allowed the company to meet its financial obligations without filing for Chapter 11. We also secured additional capital for the firm.

In addition, CFO Systems experts properly re-implemented the use of industry-specific software for financial purposes. This implementation enabled us to produce routine monthly financial reports and weekly job cost information, allowing our client to track and manage expenses and cash flow with greater accuracy.

Specialty Medical Practice 

Operating as the timeshare CFO, CFO Systems stepped in to assist a specialty medical practice that had dramatic cash flow issues. Many of these problems stemmed from the incorrect installation and use of an electronic medical records (EMR) system, which cut off all electronic billing procedures and brought the practice’s cash flow to a halt.

After thoroughly researching the issue, CFO Systems supervised the re-installation and repair of the EMR system so that it functioned properly. We then communicated with creditors to develop payment plans and terms so the practice could meet its financial obligations.

To simplify the practice’s operations, CFO Systems collapsed the excess number of legal entities involved. We introduced the staff to qualified tax CPAs and engaged their services. We secured additional capital to allow for facility expansion and additional bank financing to facilitate new growth.