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Chief Financial Officer (CFO)/controller Consulting & Outsourcing

Utilize Our Experts to Support Your Growth and Needs

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Askt Chief Financial Officer

An ASKT CFO supports your company by directing the fiscal functions of the company in accordance with generally accepted accounting principles (GAAP) and in accordance with financial management techniques and practices appropriate within your industry.

The CFO works with your Management Team to establish long-range goals, strategies, plans, and policies, by directing resource allocations, setting targets & incentives, becoming your advocate, voice, and face to investors and financial institutions, and additionally assisting with the execution of mergers, acquisitions, or divestitures.

Utilize an ASKT CFO to deliver innovative, practical knowledge and experience to meet your company’s business needs and improve overall business performance.

ASKT CFO Deliverables Include the Following Initiatives

  • Plan, develop, organize, implement, direct and evaluate the Company’s fiscal function and performance
  • Participate in the development of the corporation’s plans and programs as a strategic partner
  • Evaluate and advise on the impact of long-range planning, the introduction of new programs/strategies, and regulatory action
  • Enhance and/or develop, implement and enforce policies and procedures of the organization by way of systems that will improve the overall operation and effectiveness of the Company, including ERP, HR, Payroll, and IT systems.
  • Provide technical, financial advice and knowledge to others within the financial discipline
  • Participate in the continual improvement of the budgeting process through education of department managers on financial issues impacting their budgets
  • Provide strategic financial input and leadership on decision-making issues affecting the organization; i.e., evaluation of potential alliances, acquisitions and/or mergers and business development
  • Optimize the handling of bank and deposit relationships and initiate appropriate strategies to enhance cash position
  • Develop a reliable cash flow projection process and reporting mechanism that includes a minimum cash threshold to meet operating needs
  • Be an adviser from the financial perspective on any contracts into which the Company may enter
  • Evaluation of the finance department structure and team plan for continual improvement of the efficiency and effectiveness of the group as well as providing individuals with professional and personal growth with an emphasis on opportunities (where possible) for individuals
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ASKT Controller

Looking for a motivated and energetic individual who is not afraid to roll up their sleeves to help the success of a growing company? An ASKT consultant is responsible for the day-to-day operations of the Accounting Department, including Management Reporting, Corporate Reporting Requirements, and Accounts Payable & Receivable Supervision.

Utilize an ASKT Controller to provide Upper Management with the preparation of accurate, thorough, and quality financial and operating statements in a timely manner.
Our Controllers possess strong knowledge of Financial Analysis and Planning, Accounting Analysis, Budgeting, and Forecasting, Cost Control, Process Improvement, and Standardization, Reporting Data and Analytics, Financial Consolidations, Cross-Functional Team Leadership, Full Cycle Accounting, GL Accounting, Account Reconciliations, Payroll, Accounts Payable, Accounts Receivable, Internal Audit, External Audit Support, Variance Analysis, Financial Reporting, Financial Statement Preparation.

Financial & KPI Data Modeling & Analysis

PLAN SCENARIOS TO SCALE AND ENHANCE YOUR SUCCESS
Have you created your what-if analysis and modeled what your business plan should be doing with your new product or service? Our finance experts help you manage your growth, plan your success and manage your money.

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Improve Analysis and Results

Owners and investors need to utilize financial modeling as part of their basic analyses. Potential issues regarding profitability, risk, working capital, and future cash flows become apparent through modeling. Financial modeling helps focus on issues critical to your business and oftentimes identifies a hidden issue that may have gone unnoticed until it was a real problem.

Having a well-constructed financial model can help achieve an understanding of your financial metrics which will allow you to better evaluate the health of the business, identify financial issues, interpret and identify historic trends.

Types of Models

  • Product/Service/Business Segmentation
  • Each product and business segment’s profitability varies. It is important to understand the most and least profitable under different conditions.
  • Working Capital Needs
  • Financial models can identify how much working capital is needed for growth and where there may be room for reductions to improve cash
  • Balance Sheet
  • Knowing the balance sheet helps a business understand how strong it is, make sure it maintains bank covenants and plan for future growth.
  • Target Forecast
  • A business needs to have a plan of where it is going. A forecast provides a target and allows the business to allocate resources to hit that target.
  • Scenario Analysis
  • Helps you understand how different economic, cost and industry changes will impact sales, profit, cash flow, and the health of the company.
  • Valuation
  • Whether investing in a new business or valuing a current one, a company’s value is worth its future cash flows, and a model will create that forecast.
  • Mergers & Acquisitions
  • A business that is merging or acquiring another needs to identify synergies and establish the value of a combination, a model is necessary.
  • Cash flow analysis
  • The financial model provides the basic tools to analyze and forecast cash flows while finding ways to reduce cash consumption.
  • Budgeting
  • Without a model, the budgeting process essentially becomes guesswork. The model allows a business to plan accurately for an uncertain future.
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Metrics & Key Performance Indicators

Metrics refer to a wide variety of tools that managers and executives can use to track and evaluate the process and performance of their employees, their products, services, and customer satisfaction. In order to establish a metric, a company first needs to find a critical process, find the outputs that correspond to the amount or type of work and then set goals for those outputs.

KPIs (Key Performance Indicators) show how effective your company is at achieving the business goals and objectives.

Private Equity

ASKT Consulting group provides detailed full due diligence planning and potential acquisitions. We also provide Private Equity firms with a full array of post-transaction services to support continued portfolio company EBITDA growth. We have become an essential part of many Private Equity firm's "tool kit."

  • Full Due Diligence Process Management
  • Operational Due Diligence
  • Portfolio Pre-Investment Thesis Strategy Development
  • Post Transaction 100 Day Planning
  • Business Integration Planning and Project Management
  • Baseline Assessments of Current Portfolio Companies
  • Pre-Transaction Portfolio Company Optimization
  • Portfolio Company Turn Around Management
  • Portfolio Company C-Level Personnel Augmentation
  • Portfolio Company Carve Outs, Extractions, Planning, and Execution
  • Change Management Services
  • Augmented Operating Partner Solutions
  • Firm Growth Planning
  • Portfolio Support in Finance, Supply Chain and IT Functional Areas
  • Capital Advisory (Debt Sourcing – Traditional and Nontraditional)
  • Interim Personnel (Operational and Financial Management)
  • Sell-Side Exit Preparedness

Expansion and Business Plans

Why Do You Need a Business Plan and What Does It Do for Your Business?

Prepare before you launch a new business, product, or service. Understand your risks and rewards with our Business Plan Financial Modeling.

A business plan is a document that details how your business is going to achieve the organization's goals. The plan has two primary objectives; to help keep your company on track and to help attract investment. ASKT will help create your written plan to enable you to clearly define the organization of marketing, financial, and operational goals and activities. This tool will help guide your business forward, enable you to keep track of the opportunities and objectives that you layout annually, and convey to investors and bankers your organization's prospects and growth potential. An ASKT professional will work with you to guide and assist you through the planning process and make it a worthwhile experience rather than a tedious task.

Have you created your what-if analysis and modeled what your business plan should be doing with your new product or service? Our finance experts help you manage your growth, plan your success and manage your money.

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Business Transformation

ASKT Consulting is dedicated to providing global business transformation services for our clients. Our success is measured in listening to our clients’ issues and needs so we can best evaluate, develop, and implement a personalized pragmatic solution that adds value to our clients’ enterprise and business

  • Creation and Implementation of Operational Excellence Programs
  • Optimization of Current State Operational Excellence Programs
  • Training and Certification of Lean Six Sigma Black Belts and Master Black Belts
  • Implementation and Optimization of Sales and Operations Planning Methodologies
  • Change and Turn Around Management Services
  • Transactional Lean Services
  • Lean Facility Flow and Optimization Services
  • Working Capital Improvements
  • Supply Chain Optimization Support
  • Inventory Forecasting and Stocking Level Methodology Selection Services
  • Cycle Time and On-Time Delivery Improvements
  • Customer Satisfaction Improvements
  • Green Field Selection Support
  • Simulation Modeling Services
  • 3rd Party Logistics Selection Services
  • Warehouse Layout and Optimization Services
  • Vendor Assessments and Audits
  • Deployment of Quality Management Systems
  • Product and Program Management Services
  • Integration Planning and Project Management
  • Facility Closure Planning and Support

Software Implementation & Optimization

Optimize Your Current Software to Make Better Business Decisions and Create Efficiencies

BUSINESS SOFTWARE
ERP and POS systems impact almost every aspect of a company, so the success of an implementation is of the utmost importance.

Our team of consultants helps small to mid-market manufacturers, service providers, and retailers reduce the chance of implementation problems by helping manage complexity, risk, and data integration challenges.

Proven Methodology
Whether your company is switching to a completely new system or undergoing a major upgrade, take advantage of our proven ERP and POS implementation methodology. Our past ERP and POS services have helped reduce the load on company resources.

ERP and POS Implementation Experts
While most small to mid-market manufacturing, service provider and retail companies are lacking in implementation expertise, our team of experts are here for you to leverage for the best results. We will supplement your team in all critical focus areas of the project, including:

  • ERP and POS Project Management
  • Configuring the future state
  • Testing the system with your end-user
  • Driving performance improvements

An Engaged Process
We’re with you all the way. The most successful and seamless implementation occurs when the client is fully engaged in the process. ASKT will help you align your resources, the executive team, and the needs of the project.

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ERP and POS Implementation Services

Our multi-step implementation process has helped over 300 manufacturing and distribution companies optimize their business processes. Here are our main areas of focus in an ERP and POS Implementation project:

Pre-Implementation Expertise
During the business process improvement phase, we will help you define your key performance indicators and a reporting strategy as part of the future state.

ERP and POS Project Management
Our project managers are experts in managing and leading client and vendor teams towards a successful ERP and/or POS implementation.

Change Management
Organization Change Management is a key part of process improvement and, therefore a key part of every implementation. We will guide your client team every step of the way in the development of a change management plan.

ERP and POS Education
Our team excels at setting up and delivering effective ERP and POS Education materials to the manufacturing enterprise. All process owners must become “ experts” in their own right in order for successful implementation and go-live. A thorough education process helps with adoption and effectiveness in the years to come.

Design and Configuration
We offer guidance to both the client and vendor team when designing and configuring the system to meet specific business requirements.

ERP and POS Data Conversion
Our consultants are experts in ERP and POS data conversion and management. During the review of the current state and the development of the future state, we will map a data strategy for the conversion of data files, both current and historic. We will assist the client IT team with the planning and execution of data conversion to a new system.

Quality Control
We have significant experience designing an effective development/test phase for extensive testing of the new system in conference room pilot environments. We will lead in-depth sessions for testing of processes, integration, and workflow.

Deploy/Go-Live
We assist in the final deploy and go-live after thoroughly managing and tracking the pilot, tests, data migration/integration and fixes or customizations, and other pre-deployment phases. We will help your company turn the focus onto user instruction, user documentation, and training with the entire user community. Finally, the team finalizes the “cutover” plan of activities, and revises it as needed to minimize disruptions to the operation.

Deliver Business Performance Improvements
We will ensure the project team keeps their eye on the true goal: business process improvement. All too often, implementation teams lose sight of the true goals of the project yielding to the desire to “just get it implemented.” Our change management activities keep everyone’s attention on driving business process improvement that drives business performance improvement.