SYSTEMS AND CONTROLS
The role of the CFO has changed considerably after implementation of the various accounting standards, software developments and need for several statutory compliances. In fact, many CFOs have opted out of their career as a result of the accelerated focus on compliance rather than strategy and increased personal and professional liability. When this occurs, clients are turning to The Mentor Capitalist (TMC) to help evaluate, mentor, and train their most valued asset - their internal staff.
Many clients intend to retain their employees at all costs and aim to avoid the time and expense of replacing them through an external search. Clients that invest in mentoring services also foster a culture that is committed to developing its people, resulting in greater productivity.
TMC provides an unbiased and independent review of any professional level within your accounting and finance department. In reviewing these areas, we also look at strengths and weaknesses, as well as advising on suggested areas of focus. As part of this process, TMC will assist in driving further improvements in performance.
Specific Solution Areas:
• Mentor a newly promoted CFO
• Mentor a Chief Accounting Officer or Corporate Controller on strategic matters
• Support an existing group for a specific transaction (Merger, Acquisition IPO, LBO, etc)
• Train leaders on correct communication with capital markets, investor groups and board members
Financial Planning & Analysis (FP&A)
The FP&A function allows an organization to review current situations and to be forward looking to better anticipate changes or variances from budget to actual. TMC can support a department's FP&A function to handle busy season, ad-hoc reporting, special projects or just the normal ebb and flow of a large department. For organizations without an FP&A function, we can help to develop the internal capabilities needed to institute these important planning processes.
Specific Solution Areas:
• Quarterly/annual budget preparation
• Forecasting/re-forecasting
• Redesign of cost accounting systems
• Creation of complex financial models
• Large-scale data aggregation projects
• Due diligence analysis
• Financial analysis
Internal Auditing & Business Risk
TMC provides professionals that have both internal and external audit experience. Our professionals can provide a level of expertise similar to those at large public accounting firms, where most often our personnel were trained. Consequently, TMC clients benefit from efficiency in time and cost.
Specific Solution Areas:
• Pre-audit preparation
• Financial audit co-ordination
• Complex operational audits - physical inventory
• Review of policies and procedures and implementing best practices
• Staff augmentation
• Testing, documentation and remediation
• Process improvement
• On-going training and In-house education