Making a difference where it counts – when it counts.

teamCFO has helped hundreds of companies handle their important financial management needs. Here are some of their stories.

The ravioli and the revenues were excellent in this chain of Italian restaurants.

But they had a serious problem – cash flow. Their in-house accounting people couldn't spot the trouble so the owner called in teamCFO. With experienced eyes, they uncovered a raft of problems including employee theft that had gone undetected. They helped the owner understand financials and put in place a daily sales register so she could view the stores' performance and spot problems in real time and take instant action. In just three months, the company stopped drawing on its credit line. And they soon enjoyed their first profits in years.

We investigated the private investigation firm and found trouble.

They were busy but their cash flow problems were so bad that the principal hadn't drawn a salary in months. teamCFO went to work to solve the mystery. They analyzed profitability and found that the highest volume clients were actually the least profitable. They closed up the lag between service and collections. And they negotiated a line of credit the firm had never been able to get before. These and other fixes turned the company around. In less than a year they were profitable and had expanded from 12 to 50 employees.

25 year old professional service firm needs to turn a new leaf in its accounting team.

Everything was working for this niche professional services firm for the past decades. However, as business grows, the accounting personnel who had been with the firm since the beginning slowly slip behind and eventually can no longer produce timely financial data, manage cash flow and generate billing. teamCFO was brought in to assess the situation and helped bring some new professional into the department. teamCFO worked with existing personnel to evaluate the operations and streamlined processes, determined the right staffing mix, recruited qualified accountants as well as improved the existing personnel’s performance. For the first time in years, the company now has an accountable, responsive accounting department that delivers with teamCFO continuing to oversee the operations.

Nonprofit needs to take care of business before it can help others.

The accounting department of this nonprofit was staffed with unqualified people. When teamCFO was brought in, the organization had had significant personnel turnover in all its accounting positions and experienced losses with tight cash crunch. The Board of Directors was concerned about the long term viability of the organization. It look two years for teamCFO to turn the organization around and it is going strong today. In fact, the accounting department is driving improvement throughout the organization. The Board feels that it is working with the best accounting department since its inception.

"We used teamCFO to help set up our accounting system for our new firm. They did a great job and we were very pleased with the results. The project ended up paying for itself with the time that we saved. I would recommend teamCFO to any firm that needed accounting expertise."
Dwight Liu, Chief Financial Officer
Covington Capital Management, Inc.