How We Work
Your Kaplan CFO brings a comprehensive skillset of financial leadership experience to your engagement. With three customizable engagement models, we meet you where you are and help you get to where you want to be. Each model is offered as an on-site or remote engagement and can be applied to both for-profit and non-profit organizations.
Embedded Engagements
Whether working on-site or remotely, an embedded Kaplan CFO gives you experienced financial leadership, without having to bear the cost of a full time C-level employee. We work as part of your management team for as long as it takes to realize your financial goals. Here’s how it works:
Select Your CFO
Envision Success
Set the Schedule
Add Your CFO to the Payroll
Why we begin with the end in mind.
At the beginning of any embedded engagement, you and your Kaplan CFO define the conditions that signal our relationship has reached a successful conclusion. For some, that means growing to the point where hiring a permanent CFO is the right move. For others, it means establishing the firm financial footing and internal procedures that allow your controller to manage the business without us. For still others, it may be the successful sale or merger of the company.
Whatever the criteria, we make sure you are thoroughly prepared for our departure. It not only marks a successful conclusion to our productive relationship, it is the beginning of a new chapter in your company’s development—a time to celebrate.
Project Engagements
A project engagement gives you all the experience and leadership of an embedded CFO, but on an as-needed finite basis. There is no minimum time frame because the projects are short-term in scope.
It’s ideal for companies who require specific expertise for one or more projects. This includes small companies not yet ready for an interim CFO, as well as large companies looking to outsource. Examples include:
Due Diligence for mergers and acquisitions
Support your team in year-end tax audits
exit strategy planning
cash flow modeling
debt or equity funding
business plan development
A project engagement can be either on-site or remote. Here’s how it works…
Engage Your Project Manager
Plan the Project
Budgeting & Payment
Board Leadership
Kaplan CFOs are often asked to serve on for-profit Shareholders Boards and non-profit Advisory Boards. In this capacity, we provide fiduciary leadership and expertise, enabling the board to fulfill its responsibility for financial oversight and strategic planning.
As part of our Board Leadership Engagement model, a Kaplan CFO is presented and voted onto the board where we serve as active financial advisors. As a participating member of the board, we attend all necessary board and committee meetings. We challenge the organization’s management and our fellow board members to think strategically as they consider how their planning will impact (and be impacted by) the organization’s financial decisions.
Here’s how it works:
Initial Meeting
Scope of the Engagement
Present and Vote on the Kaplan CFO
Compensation
Services Rendered
The following is an overview of the core financial competencies every Kaplan CFO brings to an engagement. This is in addition to the business leadership and mentorship we provide on a regular basis.
Planning
→ Financial and tax strategies
→ Capital budget forecasting
→ Operating budget development
→ Business plan development
→ Cash flow modeling
→ Exit strategy planning
Mergers & Acquisitions
→ Portfolio assessment
→ Negotiations
→ Cash infusion strategies
Operations
→ Financial management of subsidiaries
→ ERP selection and implementation
→ Transactional systems
→ AR/AP management
→ Product cost studies
→ Customer pricing analysis
Human Resources
→ Employee benefit plans
→ Payroll management
→ Severance policies
→ Headcount forecasting
Financial Information
→ Structure and help management interpret financial statements
→ Annual and quarterly reporting to the board of directors
→ Manage year-end auditing by outside accountant(s)
Risk Managment
→ Interface with legal counsel
→ Insurance strategies
→ Regulatory compliance
→ Internal control analysis & Implementation
Funding
→ Help management better understand debt financing and compliance
→ Oversight of loan covenants
→ Due diligence to aide in equity financing
→ Oversee investment funding
→ Manage banking and investor relationships
Business Transition
→ Transition strategy (ESOP, sale, family succession, liquidation, etc.)
→ Business valuation
→ External buyer profiling
→ Letter of intent
→ Negotiation with buyer
Get In touch
(828) 778-6907
available from 8:00 am – 5:00 pm
Address 825-C Merrimon Ave #189, Asheville, NC 28804
Email info@kaplancfo.com
