CFO Services (Outsourced / Part-time)

As CFO for small and medium sized manufacturing and distribution companies, I reduced Accounts Receivable aging from 98 days to 51 days increasing cash by $2.5 million.  At another company, decreased A/R aging from 44 days to 31 days generating $650,000 in working capital.   Positive Cash-Flow is King!

Your company may need an Outsourced CFO with my training and experience.  If so, you may be interested in some of my other accomplishments:

Established steering controls to help prepare and execute the strategic financial plan:  Budgeting, forecasting, internal controls, accurate financial reporting and auditors.          Management finally understood the numbers. 

Initiated Break-Even Analysis and “Economic Value Analysis” to increase shareholder value.  Implemented activity based cost accounting to show actual profit margins.  Enhanced profits over $1.0 million.

Under my leadership, selected and implemented manufacturing ERP (Enterprise Resource Planning) business systems.  Lowered overhead and increased efficiency.  Savings exceeded $350,000.

Expanded $8.0 million asset-based line of credit to $13.5 million.  Reduced interest 1%; saved $135,000.

Led cost reductions in health care, property taxes, staffing, and outside services saving $1.2 million. 

Slashed a 3 week monthly financial statement “closing cycle” to 3 days.  Cut personnel costs by $100,000. 

Implemented comprehensive inventory management programs to correct unreliable perpetual inventory records, significant “stock-outs”, excess inventory and a surprise physical inventory loss of $350,000 (10%).  Subsequent physical inventory variances were reduced to less than $25,000 (< ½%).

Developed proper costing systems and "Cost Accounting Standards" disclosure statements for the Defense Contract Audit Agency and the Department of Defense.  The company then had adequate cost accounting systems to qualify for multi-million dollar U.S. Government defense contracts.

International Business Experience:  Brazil (25 trips), China (17 trips), Germany (25 trips)...and more.  I have worked for German, French and Japanese owned companies.

International Financial Reporting Standards (IFRS) Experience:  For six years, I coordinated IFRS reporting for USA, Brazil, China, and Japan divisions for the German parent company.

If you desire to discuss my experience in greater detail, I shall be glad to do so in a personal meeting.

Sincerely yours,

Jeffrey A. Rogers

Creating wealth enhancement strategies & solutions...

Disclaimer:  Every company and management team is different and opportunities for cost savings and process improvements will vary by circumstances and in magnitude.

Disclaimer: CFO services are independent of Berthel Fisher & Company Financial Services, Inc.