Financial Management Services: The Need Of The Hour
Often we wonder what is happening within the big corporate organizations
.
How the organizations like Dell Computer manage the inventory management?
How the car majors like Honda or Ford manages the entire corporate things with such smoothness and it is always thought about that the think tank of the organization along with those razor sharp MBA s act as the fulcrum and thats all.
But what about the organizations which have just entered into the healthy phase of profit making and want to grow in a jet set manner?
How they will foresee and materialize their dream for the meteoric rise to the top?
There are different opinions that may very but the simple fact is they need badly the help of a position like Chief Financial Officer. There are several stages of a firm, at first it is the start up stage.
Yes, that is the time when it has all started in a garage or at the shabby place which they struggled to call office. Then, through the passage of time the company has gained some solid position, they are in good financial health now.
Now, it can be said, they have the turnover of $ 2 million at least, there are 15-20 persons are there in the direct pay role and now the crucial phase starts which in long run, will make or break the organization to shambles. No kidding this, there is several organizations have fallen like pack of cards in past and more to face the same nemesis days to come.
Yes, that is the hard reality, provided some corrective measures taken by the head honchos at the nick of the time. It is not possible for anyone to wear all the hats. The great American dream has fueled so many organizations to reach the pinnacle but seldom have we looked at the other side. That is the fallacy of the system.
As you have entered into a different paradigm in the corporate sector, different ball game starts. You need more fund to fuel the growth, you go to the bank with all the details like the P&L statement and several other legal papers to procure the lone, and most of the time the loan get sanctioned.
Now, it is the problem that has started and the need of financial management services came into picture. Now you will be familiar with the word like derivative, portfolio management and so on.
Will it serve your purpose? No.
What about the data crunching? In fact, that may give a great power point presentation, prepared by your secretary but that is not all any way, you need the solid, tangible profit at the end of the days any way.
It is the time you may need the help of a CFO, be it part time or on corporate level, you now need to have the advice from the guru of the financial matters. After all, it is your long cherished dream to reach there and you have to fulfill it in your own life time.
Author box:
Cfo center offers their service for financial management services. They can help your financial brainstorming with their proficient chief financial officer. For more info visit them at http://www.cfocentre.com.au/
by: Saramccoy
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