Why would an owner-manager use FMA rather than just hire somebody full-time?
Faced with hiring a controller / CFO on a budget, smaller companies have been forced to settle for someone that is a good, basic accountant but lacks strong financial management skills. As a result, they lose out on a high-impact, forward-looking financial manager who can significantly impact business profitability and cash flow. FMA professional staff have solid nuts and bolts accounting skills, but more importantly, possess those prized capabilities in operational financial management. Examples of the later include the identification of and focus on high margin work, planning and budgeting skills, financing expertise, information system utilization, cost system knowledge and rigorous analytical abilities to aid with decisions like a major new equipment purchase. Equally important, we have the experience in the small company setting necessary to apply the skills effectively. With respect to fees, utilizing FMA will save about half the cost of adding a full-time CFO, including dollars
