Our Process

Our discussions begin with an initial, no-cost consultation from which we determine the viability and scope of the engagement.  We then develop a written proposal outlining the objectives, the expecting timing and estimated cost.  Projects generally span 90-180 days; our fee structure is established at inception of the engagement, and typically includes an initial deposit followed by a fixed monthly fee thereafter, with final payment upon completion of the project to the client's full satisfaction. 

Review of Financial Reporting Process

Accurate financial reporting and forecasting is the most important tool in evaluating the profitability and cash flow of a business.  Our first objective is to ensure the accounting and financial reporting systems are appropriate, accurate and up to date, and provide the appropriate tools to manage and forecast financial performance.

Cash Flow Analysis and Projection

Cash is king in a business enterprise, and understanding the timing of cash inflows and outflows is critical.  Once we have verified the accuracy of the financial reporting, we conduct an analysis and evaluation of the ongoing profitability and cash flow and prepare a cash forecast for the future.  This includes evaluating collection practices, projecting the timing of cash collections and disbursements, reviewing payables, lines of credit and other available sources of capital.  With condo and homeowner’s associations, we review and evaluate the monthly financial reports from the management company, comparison with the operating budget, current contributions to replacement reserves, and any available reserve studies or SIRS reports.  We then prepare a three-year forecast to determine the adequacy of assessments, reserve contributions, timing of replacements, and need for additional assessments or potential borrowing needs.

Appropriate Capital Structure

Debt is a cost-effective tool for leveraging your business, but only for appropriate purposes and in amounts and proportions that can be repaid over a reasonable period.   Once we understand and have maximized the cash flow of the business, we will recommend and pursue the appropriate amount and type of financing or equity required.  If borrowing is a recommended strategy, we will connect with the existing financial institution (or other institutions if appropriate), prepare a full credit package and credit request, and work directly with the financial institution through the process, up to and including the closing and funding process.

Developing and Implementing the Plan

Developing the plan is important, but implementing and executing the plan is the key.  Once the strategic financial plan is complete, the management team and employees need to be aware of the plan so there is clear vision of the future, and how to achieve the vision across the company.