External CFO

What a Chief Financial Officer (CFO) does outside an organization

Of course a CFO that focuses on internal issues is vital, however the external duties of CFO are just as vital. Kierland Partners assists our clients in forming lasting relationships with various professionals assuring that financing is available when needed, appropriate risks are mitigated with insurance, the proper legal counsel is consulted at the appropriate time, proper employee policies and procedures are in place and all tax information is filed in a timely fashion.

If your business needs assistance in CFO tasks outside the office, Kierland CFO Partners can fill this role for your organization

Maintaining Relationships

The CFO is responsible for maintaining outside relationship with a wide variety of professionals. These include:

  • Bankers – The most important professional that most companies have. Access to financing is critical to most organizations and we experience in dealing with bankers and what they need. Timely and accurate financial information, forecasts and in person financial updates are critical for this relationship. We can assist you with all of these needs.
  • Insurance agents – Insurance professional provide tools to help you minimize the risk of owning and operating a business. We can help to make sure you have the right amount of the right kinds of coverage. Whether it be health, property, workmans compensation, automobile, key man, life, terrorism, flood, etc, insurance, we can work with your insurance broker to make sure you have all the coverage you need.
  • Attorneys – A key part of any organization, but expensive. Knowing when to involve this professional and which professional expertise is key to effectively utilizing this source.
  • Human resource professionals – We can assist you with the policy and procedures for the hiring process, getting the most from your fringe benefits, periodic evaluations, employee handbooks and compliance with state and federal regulatory requirements.
  • Federal, state and local government agencies

Why is this important?

These relationship are called upon to assist the organization with financing, risk management, legal issues, staffing and tax reporting to name a few.

A Chief Financial Officer who understands your organization can help these professionals understand the issues and challenges of the organization. Their understanding of your business needs are important for a business’s long term health.

A CFO will make sure that financing is available, appropriate risks are mitigated with insurance, the proper legal counsel is consulted at the appropriate time, proper employee policies and procedures are in place and all tax information is filed in a timely fashion.