Partner Blogs | B2B CFO

219 partners in 45 states
6,527 years experience

Fill out the form and receive for FREE The Discovery Analysis (a $1600 value)

OnPath Technologies Inc - Sep 9, 2011

Posted by: David W. Whitwell in Testimonials

â€œDavid was the acting CFO for ONPATH for over two years on a part-time basis. He became an integral part of the Executive team and worked extensively in our strategic planning process to build a high-growth, profitable business model. David worked with me and our investors to close a Series B round of additional financing to launch a new product and secured a $2M line of credit from our bank. He owned our weekly P&L and cash flow forecast process, covered the Financials at our Board meetings, and also coordinated the annual audit process. The B2BCFO group is a great business model. We were able to access an experienced CFO for the strategic issues and rely on our controller for the day-to-day accounting, payables and payroll activities. As we grew to need more that a part-time CFO, David assisted me in hiring a full time successor. The transition was incredibly smooth, professional and effective. I highly recommend David and welcome the opportunity to talk to his prospective CEO clients.â€� Brian McCann, CEO OnPath Technologies Inc.

University Consulting Engineers (UCE) - Aug 22, 2011

Posted by: David W. Whitwell in Testimonials

"Having worked with David over the last 3 years, David has helped me and my business take off from a startup organization to our 5th year of operations. David has always been very responsive to my needs and has provided the CFO knowledge and experience all businesses need." Greg Fylak, President - University Consulting Engineers (UCE)

What Can A Part Time CFO Do For The Business Owner - Sep 16, 2008

Posted by: David W. Whitwell in Articles

All companies regardless of their size face many of the same strategic issues and thus would benefit from having a seasoned CFO involved in their business. For many small or medium companies that can't afford or don't need a full time CFO, a part-time CFO is a potential solution to consider.

Some reasons to consider a part-time CFO:

Business Analysis: All Companies need to analyze their business performance on a regular basis. Most business owners are not trained in developing and using financial information and have little time left over from running the day to day operations. Having a financial expert review, analyze, and summarize the financial data into meaningful reports can add tremendous value.

Benchmarking: Most small business owners do not have the time or access to compare their operations to similar companies. A part-time CFO can set up reports and gain access to data to compare the business to other comparable companies.

Experience and Knowledge: A seasoned CFO brings years of experience, expertise and relationships into your Company for the business owner and his employees to utilize. The seasoned CFO also will go beyond the numbers and get involved in all aspects of the operations. He can be a sounding board for key business decisions and identify opportunities for improvement.

Staff Development and Controls: An experienced CFO is a great resource for training, developing and supervising your accounting staff. In addition as organizations grow the CFO can help the business owner develop and implement processes and controls that safeguard the companies' assets.

Part-time CFO's allow smaller organizations to tap into a wealth of experience and expertise at a fraction of the cost. The business owner can focus on growing and building his business knowing that a seasoned professional is watching over the companies' financial resources and performance.