The purpose of this page is to address topics relevant to the CFO function. Each month we will examine topics that are relevant to the success of your company. Should one be of particular interest to you, please feel to contact us and we can discuss it in depth.

Become Lean and Mean — March 2016

This post concerns Financial Management Financial management is a crucial aspect of any growing business. An effective CFO can improve the firm’s financial management function by adopting methodologies that have proven successful in other facets of the business of enormously successful companies. One methodology is known as Lean. We believe successful application of Lean for […]

Read More...

ASSESSING YOUR CASH NEEDS — February 2016

This post involves Treasury. Cash forecasting is an integral part of the CFO’s treasury duties. It helps management plan their operations and activities based on expected cash inflows and outflows. In cash forecasting, perfection is unattainable, but estimates consistently close to reality should be the goal of a robust cash forecasting program. As the actual […]

Read More...

Keep Your Money in Your Company –January 2016

This post is about Internal Controls. Internal controls are procedures the CFO implements to manage risk and fraud. They are an important element of good management in small business, where some sources estimate the median loss due to fraud is $190K per year. Even a good internal control system will never eliminate fraud, but it […]

Read More...

Plan Your Work; Work Your Plan — December 2015

This post concerns strategy. The CFO is not solely focused on recording and reporting performance. An effective CFO must partner with others in the company to mitigate risks, drive strategy, and add value. Industry knowledge and depth of exposure to other functions in the firm are critical for strong relationships and astute perspectives. These factors, […]

Read More...

GEARING UP FOR GROWTH — November 2015

This topic concerns financial management. A critical challenge facing the CFO of a high growth small business is to have a framework in place that sustains profitable growth, while capitalizing on burgeoning demand. This effort entails growing the finance function from one of bill paying and score keeping to a full fledged financial planning and […]

Read More...

Assessing Your Financial Infromation — October 2015

This topic involves financial reporting. Dynamic small businesses frequently encounter the need for additional capital to fund their growth opportunities. Providers of capital, be they lenders or investors, will require detailed financial statements to help them determine how much they will lend or invest. It is up to the CFO to make sure that the […]

Read More...

Ned Armstrong to Give a Presentation on September 22, 2015

On September 22, 2015 Ned Armstrong, CEO of Capitol CFO Solutions, will give a presentation entitled “Keep Your Money in Your Business With Internal Controls.” The event is sponsored by the Montgomery County Business Innovation Network. It will be held from Noon to 1:15 PM at 155 Gibbs Street, 4th Floor in Rockville, MD and […]

Read More...

The CFO’s Role In Acquisition Valuation — September 2015

This post concerns valuation. Acquisitions have been a key avenue for growth, even for small dynamic businesses. Often, talented entrepreneurs are overwhelmed by the amount of data involved in completing an acquisition. The CFO’s contribution is to help the CEO make sense of this myriad of information; understand the range of values; and assure familiarity […]

Read More...

Manage Your Cash to Drive Profitable Growth — August 2015

This topic concerns Treasury. Cash management is a key function of the CFO. Cash is the lifeblood of profitability and growth, thus the CFO must be intricately involved in optimizing best practices; bank relationships; and working capital management. Best Practices entail utilizing the most effective means of generating substantial positive cash flow on a timely […]

Read More...

Internal Controls and Strategic Initiatives — July 2015

This topic involves internal controls. CFOs have traditionally focused on loss prevention rather than risks that affect the firm’s strategic direction and success, where the CFO can add significant value. This can be accomplished by leveraging internal control principles to achieve strategic risk management. Financial statements prepared under the CFO’s direction indicate what has happened […]

Read More...