CFO Services MindShift Partners can provide Acting CFOs on a part-time or project basis. This is the perfect solution for companies who are not ready to hire a full-time CFO or who need access, on a project basis, to a higher level of expertise than currently available in-house. Our CFO-level Associates have 15+ years of experience in Corporate Accounting, Corporate Development, and/or Audit experience, and many have CPAs, MBAs, and SEC experience. We also provide the option for you to hire our Associates on a full-time basis following the contract period.
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Situation
A technology company needed an Acting CFO to build their model and guide them through the fundraising process.
Action
MindShift Partners first crafted an investor-grade model that distilled the business model into credible numbers that were then tested by the management team. We designated a project leader to shepard the company through the process, who became their Acting CFO.
Result
The company has a credible CFO who can explain the projections as they go through the fundraising process with Angel investors and Venture Capitalists.
Situation
A client in the commercial packaging industry needed an experienced CFO/Controller to update and reconcile their balance sheet. The company had just doubled the size of their facilities and needed to get cash flow under control. The balance sheet, accounts receivable in particular, had not been updated in 6 months.
Cash was out of balance and the client did not know who or how much was owed to them. Because of the situation the company was not able to function effectively on a day-to-day basis.
Action
Mindshift Partners cleaned up the books in less than a month. Cash was reconciled. Invoices were reviewed and entered properly. Accounting records were updated. Financial reporting was updated and properly stated. A system was organized for futute controls. All proper government reporting was filed.
Result
Cash flow and cash projections were stabilized thus allowing the client to continue operating even during a severe recession. In addition, the Client was able to remain in good standing with their Accounts Receivable Factoring Company. Without the Factor's relationship the company would have had difficulty remaining solvent.
Situation
An e-commerce company in the consumer and b2b-based computer and electronics business needed an acting CFO following the completion of a consulting engagement with MindShift Partners. The company was not at the level of growth to support a full-time person and needed a CFO on a part-time basis so they could manage their costs.
Action
Our Associate was engaged on a part-time basis as the acting CFO so the owners could focus on growing the business.
Result
The company was able to increase profitability by reducing expenses and improving margins.
Situation
A public company in the consumer brands industry needed a CFO to take them to the next phase in their growth.
Action
We sourced a CFO with SEC experience.
Result
The company hired our consultant within 60 days.
Controller MindShift Partners can provide Acting Controllers on a part-time or project basis. We have found that many small and medium-sized organizations have a Controller who is really more of a Bookkeeper/Controller. Clients typically ask our that consultants to act as their Controller when they find that they need a higher level of experience and analysis. This often happens when the company is preparing for a transaction or a multiyear audit.
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Situation
A company in the manufacturing industry needed an interim Controller to replace an employee who was departing on short notice.
Action
The company used one of our Associates with comparable industry experience.
Result
The company was so happy with the fit that MindShift agreed to let them hire our Associate after about three months.
Accounting Manager/VP Finance/Analyst One of the benefits to working with Mindshift Partners is our ability to provide a consultant who can fill a role such as Accounting Manager, Analyst, or VP of Finance on either a full-time or part-time basis. If your company needs a higher level of analysis but doesn't want or can't afford to hire someone full-time, talk to us about part-time options.
