Onboarding of New Clients- CFO
Our onboarding process will take approximately eight weeks to get fully settled in. Our purpose during this period is to properly gain a solid understanding of the company’s financial and operational procedures to assess its current financial health and opportunities for improvement. During onboarding you will be assigned an onboarding project manager and additional staff to assist with things such as customizing your chart of accounts so that it is consistent with our planning and your peers, reviewing prior year tax returns, reviewing company policies, developing your KPIs, setting up your custom forecast, etc. We run a thorough risk assessment, looking at your buy/sell agreements, your insurance policies, employee incentive plans, etc. In order to keep things on track you will be meeting with both your current team and the onboarding project manager on a weekly basis. It is important to note that during the first eight weeks we charge twice the normal weekly fee to cover the additional resources and effort needed to get up to speed as quickly as possible.
Controller Onboarding Process
Our onboarding process will take approximately six weeks to get fully settled in. Our purpose during this period is to properly gain a solid understanding of the company’s financial and operational procedures in order to assess its current financial health and opportunities for improvement. During onboarding you will be assigned an onboarding project manager and additional staff to assist with things such as customizing your chart of accounts so that it is consistent with our planning and your peers, reviewing prior year tax returns, developing your KPIs, setting up your custom forecast, etc.
We run a thorough risk assessment, looking at your buy/sell agreements, your insurance policies, employee incentive plans, etc. In order to keep things on track you will be meeting with both your current team and the onboarding project manager on a weekly basis. It is important to note that during the first six weeks we charge twice the normal weekly fee to cover the additional resources and effort needed to get up to speed as quickly as possible.
Transactional Onboarding Process
Our onboarding process will take approximately four weeks to get fully settled in. Our purpose during this period is to properly gain a solid understanding of the company’s financial and operational procedures to assess its current financial health and opportunities for improvement. During onboarding you will be assigned an onboarding project manager and additional staff to assist with things such as customizing your chart of accounts so that it is consistent with our planning and your peers, reviewing prior year tax returns, and reviewing prior month financial statements.
We run a thorough risk assessment, looking at your buy/sell agreements, your insurance policies, employee incentive plans, etc. To keep things on track you will be meeting with both your current team and the onboarding project manager on a weekly basis. It is important to note that during the first four weeks we charge twice the normal weekly fee to cover the additional resources and effort needed to get up to speed as quickly as possible.
Our Process
We are very process-driven. The relationship works best if we are part of your weekly director meeting. We often provide a 15-minute cash update or set aside time to chat about the company's finances. Joining these regular meetings with your directors also gives us a good understanding of your company and culture, and helps us stay up-to-date on current events.
After an initial on-boarding period, here's what a typical month might look like:
- Week One: Invoicing meeting
- Week Two: Books are closed + Forecasting meeting + Financials/KPIs
- Week Three: Follow-up projects
- Week Four: Follow-up projects
We are always available anytime during the month for questions, calls, and impromptu meetings. We find that this schedule works best for most clients, but it is tailored to fit each client. Also, if we are paying bills as part of the engagement, we will meet weekly for about 15-30 minutes to go over cash flow for the next six to thirteen weeks. This is generally conducted with an individual team member, not the entire director team.
Offering Accounting, Tax, & Financial Services to clients across Blue Bell, Allentown, Philadelphia, Wilmington Township, Norristown, King of Prussia, Horsham, Lower Gwynedd Township, Montgomery County, and the surrounding areas.
