CFO Services

Analysis of the current financial situation is a crucial step in steering a profitable business towards its goals. Without steering the company’s finances, it is often difficult to achieve these goals. Knowing your business and understanding where you are coming from offers insight into determining where you are going.

Our team of experts can help you analyze your business by reviewing key financial figures, historical data, and forecasts, as well as the risk factors that may affect the business. As a result, we provide the company with a written analysis of their business situation and recommendations for improving their operational management

We help companies improve the efficiency and quality of their financial management through cost-effective process evaluation tailored to their needs. The need for a financial management process evaluation often arises in the context of personnel or system changes or when the current financial management processes no longer support the company’s decision-making. This can be due to a lot of manual work, data errors, and outdated information. Improving process efficiency also improves customer satisfaction.

We carry out mapping exercises ranging in scope from looking at a single process to analyzing a company’s entire financial management, including systems, and outlining improvement options. Current processes, resources, and tools are reviewed by interviewing key people in the company. As a result, we provide the company with a written analysis of their current financial management state and recommendations for improving the process and systems, considering laws and regulations (including roles and responsibilities). We will also discuss the company’s future strategic goals and ideas, so that the options meet the future needs.

The need to develop internal accounting may arise, for example, when a company’s business or corporate structure changes. We help companies with internal accounting development and change projects, considering the operational business needs of the company. Typically, internal accounting development and change projects involve redefining the company’s cost centers, accounting dimensions, and KPIs.

Financial systems that are functional, integrated, and automated as much as possible facilitate reporting, save time, ensure availability of real-time information, and minimize the potential for human error.

Together with other Azets teams, we offer a service where we carry out a process mapping, describing roles and data flows between and within systems in a user-oriented way. At the same time, we highlight our suggestions for improvement, in order of priority, for the customer to decide. We can also work with management and key users to create new processes and reports to support your business. We help companies define their reporting needs and support them in software selection and implementation.

We have the advantage of a dedicated IT department and a wide range of reporting software. If we cannot find the right software, we are involved in the evaluation, tendering, and implementation of software from other providers .

Up-to-date financial reporting by business unit or function facilitates business management and decision-making and is critical to performance analysis in many companies. We help companies build business-driven reporting by assessing their current reporting practices and tools. We also identify internal and external reporting needs and make recommendations to improve reporting practices.

Monitoring financial performance and analyzing its variances and causality is an important part of planned decision making.

In a CFO project, we work with the client to create performance metrics for sales, finance, production, or human resources, for example. The project also updates the overall process to suit the client and puts reporting (BI reporting) in place. We also consider system integrations and suitable work schedules.

Effective efforts to produce higher quality information, as well as to improve financial and operational performance, will enable the client to optimize the cost-effectiveness of its operations, improve people's job satisfaction and facilitate management.

The ability to anticipate and plan is a cornerstone of successful business. Forecasting is therefore an important part of business management and decision-making, regardless of the size, nature of the business, or life cycle stage. The importance of real-time monitoring and forecasting becomes particularly important in times of economic distress.

We help companies build a business-oriented budgeting and forecasting system that serves their needs and operational objectives. We offer a range of budgeting and forecasting services, from the preparation of an individual budget to the definition of a company’s entire budgeting and forecasting process. We also analyze key financial figures and help prepare various economic scenarios.

Liquidity and cash sufficiency are key factors in business operations. Even a profitable business can face cash shortages. Therefore, cash management should be a cornerstone of a company’s financial management.

It is important to be able to predict cash flow in order to act on it in a timely manner. We help companies improve their cash management with solutions tailored to their business needs. Our services include cash flow calculations, analysis, forecasting, and the definition of the entire cash management process of a company.

We create standard reports for management and board reporting and respond to ad hoc queries when necessary. Our experts can also act as presenters of financial information to the Management Board or the Board of Directors. For more permanent needs, we provide financial experts through our interim services.

We support companies in their growth and international expansion. We offer versatile services that help our clients achieve their growth objectives. Our services include, but are not limited to:

• Strategic calculations: This service involves analyzing the company’s current position and developing a plan to achieve its growth objectives.
• Strategy creation: This service involves creating a strategy that aligns with the company’s growth objectives.
• Management development: This service involves developing the management team to execute the strategy.
• Corporate structuring: This service involves restructuring the company to optimize its operations and achieve its growth objectives.
• Group financing (cash pool): This service involves managing the company’s cash flow to ensure that it has sufficient funds to achieve its growth objectives.
• Transfer pricing: This service involves setting the price for goods and services that are transferred between different parts of the company.
• Tax planning: This service involves developing a tax strategy that minimizes the company’s tax liability while ensuring compliance with tax laws.
• Acquisition processes and policies: This service involves developing policies and procedures for acquiring other companies to achieve the company’s growth objectives.
• Contracting: This service involves drafting and negotiating contracts with suppliers, customers, and other stakeholders.
• Relocation and expatriation of people: This service involves managing the relocation and expatriation of employees to support the company’s growth objectives.
• Issues related to the establishment of a permanent establishment: This service involves addressing issues related to the establishment of a permanent establishment in a foreign country.

We also support companies that are planning to go public. We assist our clients in all stages of the listing process, including due diligence, process mapping, IFRS reporting, and other listing-related projects.

A growing company needs additional funding. As a basis for its financing discussions, it should have a profit and balance sheet forecast for the next 3-5 years and a detailed description of the company’s business and plans. We will help you prepare the documentation and, if necessary, we will be involved in discussions with financiers. We also have the expertise to explore different financing options.

The identification of financing needs can relate to the company’s business, mergers and acquisitions or individual investments and can be in the form of equity or debt. Depending on the option chosen, our service will also cover the necessary contracts and registrations together with our legal services team

Together with our legal services experts, we can provide services for a variety of corporate restructuring situations. Our services include changes in business structure, business transfers, generation change plans, mergers and demergers. 

We offer expertise in a wide range of situations related to mergers and acquisitions. We assist both the buyer and the seller. This may include the valuation of a company, due diligence, or the financing of acquisitions and shareholding arrangements. Together with our legal experts, we can provide a comprehensive package, including the necessary closing documents, contracts, and registrations.