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As a parent company of an Australian subsidiary, you need confidence that every aspect of business is being run the way you want it.

The KPIs you set, systems for tracking KPIs and reporting are key to ensuring it all goes to plan. The best person to oversee all of this is a local CFO. You may not need a full time CFO… however you want confidence the person filling the role virtually or part time has the experience and knowledge required.

CFO On Call has a wealth of experience working with overseas organizations to set up and run local subsidiaries.

Benefits of working with CFO On Call:

Strategic

  • Strategic support to local MD/CEO /parent company
  • ‘Value add’ i.e. focus on profit, cash flow improvement and hidden opportunities

Mentoring and support

  • Mentoring local finance teams
  • Oversight of local compliance – systems/processes being followed.
  • Understanding of SOX
  • Extensive Experience with GAAP reporting.
  • Experience working with regional CFO’s or teams
  • Your onsite ‘eyes and ears’
  • Managing a local team of qualified and assistant accountants as well as offshore journal processing and transactional teams
  • Process/systems improvements and ensuring best practice around controls within the finance team

Operational

  • Operational improvements e.g. manufacturing, automation, warehouse function, management KPIs, HR, Legal
  • Review of local business and financial analysis
  • Inventory best practice management
  • Accounts receivable improvements and best practice process implementation
  • Contract reviews and commercial terms reviews
  • Experience in managing and supporting systems implementations and upgrades.

Financial Oversight

  • Financial modeling for profit centres, new products etc.
  • Extensive budgeting and forecasting experience.
  • Transfer Pricing knowledge and strategy
  • Comprehensive Balance Sheet management
  • Extensive Cashflow success
  • Fast and immediate profit improvements
  • Reviewing the financial and statutory accounts,
  • Experience across Australia , New Zealand and Apac.
  • Cost effective – no placement fees

CFO Services:

  • Subsidiary company set up and structure
  • Financial planning, reporting and analysis
  • Cash flow management
  • Financial modeling and forecasting
  • Finance team support and oversight
  • Process compliance oversight

An example of improvements gained working with an Australian subsidiary manufacturing company:

In first 90 days

  • Implemented saving in people costs and efficiency of over $400k, whilst improving efficiency and staff cost visibility and accountability across Finance Warehouse and Manufacturing. This involved working with the Warehouse and Manufacturing team on Labour usage and labour efficiency.
  • Implemented review of manufacture product costs, which lead to a more competitive position in the market and increased sales. This involved spending time on the floor to review labour standards and adjusting as required.
  • Implemented review of Aged Stock, saving in Storage costs, freight costs, tax benefits and increased sales through specials for non-moving stock. Benefit Over $500k.
  • Initiated Business division review and implementing a $4m benefit to the bottom line.
  • Initiated new product range which eventually lead to an acquisition of that company.
  • Initiated sales team in China leading to a US$25m contract in first twelve months.
  • Implemented Returns Managements processes and procedures as well as implementing guidelines for customers. Apart from reduced cost of return credits, extensively reduced the labour cost, and improved salvage value or Supplier credits of returns
  • Significant improvements to supplier credit management, inventory management and management of T&C’s
  • Review of China Manufacturing operations and costing process, leading to a more competitive cost for the ANZ market
  • Reviewed and implemented Go To Market Strategy, leading to an increase in sales and GP to the business – Direct vs Wholesale model.

let’s get started

To speak with a CFO On Call please fill in your details and we will get in touch with you.

Call 1300 36 24 36
Request a Call Back

We have created an average of 51% profit increase.

A Virtual CFO for hire is a corporate gun; an elite financial freelancer available 24/7 to meet any business’s needs as they arise. Our CFOs engage with clients in the most effective way, accessing accounts and spreadsheets via cloud-based programs and dispensing their advice over video streaming services like Skype or WhatsApp, as well as in person. In this way, duplication is cut, along with transport costs and time spent travelling to and from face-to-face meetings.

Read Case Studies

Virtuals CFOs Experienced With A Range of Industries Australia Wide

With our exclusive ‘Seven Key Numbers Analysis’ tool, we can quickly help identify improvements to significantly boost your profit and cashflow. We have created an average of 51% profit increase for our regular clients.

Printing & Manufacturing

Focus on improving systems, pricing, profit margins and equipment utilisation.

Trades

Focus on improving systems, labour utilisation, job profitability, profit margins markup, work in progress and quotes

Mechanical Engineering

Focus on equipment and labour utilisation, job management, profit margins, processes and systems

Freight Transport & Logistics

Focus on systems, processes, equipment utilisation, job management, profit margins

Building & Construction

Focus on labour utilisation, profit margins, job management, processes and systems

Wholesale and Distribution

Focus on equipment and labour utilisation, stock management, profit margins, return on inventory investment, systems

Testimonials

“He has taken the pressure off me. Net profit is growing and I’m confident our strategy can be implemented and turned into reality. I’m now living the dream - running the business remotely.”
Mike Brewill
CEO Velocity Electrical
“We’ve already made improvements of six figures! Our CFO On-Call’s experience has made a huge difference to our bottom line. He’s streamlined our processes and efficiency to better use our systems and people.”
Rodney Frost
Group GM lamson Paragon Group.
“We have the useful information we need to make the financial and business decisions at the right time. Our CFO’s input has led to a 27% improvement in profitability.”
Greg Jaques
GM Nolans Transport
“I was flying by the seat of my pants and not always enjoying the ride. One day great - the next day chaos. I was always putting out fires. I don’t want to go forward without my CFO On-Call. His blood is worth bottling!”
Richard Ching
CEO of QME
“I’ve now got the confidence to grow the business. I’ve got lots of ideas about business direction and his input is great. Our CFO On-Call is a valuable asset who helps with the planning and ensures cost effectiveness.”
Francis Vigliante
CEO of BRI
“My CFO has provided me with a fantastic insight into the KPIs that really drive my business. We now have a better understanding of smarter pricing and the type of work that provides better margins.”
Kerry Matthews
CEO Powerex

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