“Murrill, Eakes & Company is more than a highly skilled, dedicated, and professional CPA firm.We consider them an essential component of our financial prosperity.”

Patricia Browne, Advance Plastics

“Murrill, Eakes & Company affords us the peace of mind that comes with knowing our financial concerns are in competent, professional hands.”

Marsha Sewell, Marsha Sewell and Associates

“With ongoing accounting and CFO support, Murrill, Eakes & Company helped us grow 20% annually and receive a superior credit rating.”

Maggie Callaway, CEO, The Callaway Group

WHAT IS A CFO?

A CFO (Chief Financial Officer) is responsible for the financial management of the company. The CFO develops and monitors the company’s business plan, forecasts the company’s financing needs and provides efficient cash management.

HOW DOES THE CFO PROGRAM WORK?

The CFO Program begins with a financial goal setting process with you, the business owner. We then examine current management practices and financial reporting processes, and design systems to reach your specific goals. Periodically, we will meet with you to monitor progress and adjust strategies to produce desired results. The entire strategic plan for the business is designed at the outset of the program.

HOW CAN THE CFO PROGRAM HELP ME?

Specifically, we set financial goals that increase your own compensation, business value, and personal wealth. We also find industry standards as a benchmark to compare your progress.Other financial goals might include determining the value of your company and finding out how your balance sheet and income statement should look for maximum value. We will also discuss when you would like to retire and how much you will keep after taxes when you sell your business.

WHAT CAN I EXPECT FROM THE CFO PROGRAM?

Although most business owners are expert in many areas of their business, it is not uncommon for them to put long-term planning behind immediate sales and production pressures. this situation often leads to financial and managerial crises as the company expands. The company often finds itself short of cash or other resources needed to meet long-term growth objectives. The CFO Program is designed to offer a cost-effective way to bring financial expertise into your company.

You can expect a faster and more orderly growth in your business as we anticipate the specific requirements for your business. Examples include: determining exact financing needs for targeted sales growth, production and facility projections, and analyzing product lines and customer bases to maximize profits.

WHY NOT HIRE A CFO?

A full-time CFO usually commands compensation upwards of $150,000 and, sometimes, part ownership of your company. In most cases, growing companies cannot justify a full-time CFO. However, most businesses could benefit from the skills and abilities of such a professional. The CFO Program is a good compromise to provide those benefits on a part-time basis.

AREN’T MY FINANCIAL STATEMENTS SUFFICIENT?

It takes customized financial reports to provide the information necessary to make timely management decisions in your business. The balance sheet and income statement do not provide enough data to make these critical decisions. Typically, business owners prepare only a balance sheet and income statement because they are required to by bank or taxing authorities. Many problems cannot be detected from these statements. Each company requires unique financial reports to meet their goals.

WHAT ARE THE COSTS OF THE CFO PROGRAM?

The costs vary depending on your particular needs. Once your goals and objectives are determined and we establish what services are needed to accomplish these goals, we can then provide you with a fee estimate.

Call Larry Murrill or Thor Eakes to discuss whether the CFO Program is right for your company and how we can lead you to higher profitability and control of your business.