Free Web Hosting by Netfirms
Web Hosting by Netfirms | Free Domain Names by Netfirms

 

Acclaim Technical Services, Inc., Huntington Beach , CA   -  Trever Neves, President 

"We were in high growth mode, with sales more than doubling two years in a row, massive hiring and new contracts.  We urgently needed a new working capital line of credit, seque onto a new accounting system, robust cash management/reporting, design of compensation/commission plans, and preparation of our systems for a DCAA audit.  On a part-time basis, Riley provided leadership as well as hands-on implementation on all of these fronts, and we successfully handled each of the critical initiatives.  The flexibility and availability of these executive-level services offered on a part-time basis made it very easy for us to engage immediately to have our urgent needs addressed, without the high cost, time investment and risks associated with hiring a full-time CFO.  As we continued to grow, we eventually hired someone full-time, but I would recommend CFO for Lease as a great solution for small businesses that cannot afford someone full-time.  Having this executive-level financial support during this highly-volatile period was vitally important to our businesses."

Aviation Technologies International, Orange , CA - Dr. Ravi Tripuraneni, President & CEO

"As part of the business financing initiative, I needed a financial model built that was in line with our multi-year business plan.  In a few weeks and for a few thousand dollars, Riley built a very robust business model using Excel which emulated the many details of the business plan, and yielded the related proforma financial statements necessary for fund prospecting.  In addition, the model was greatly flexible, allowing me to change scores of detailed variables-- such as sales quantities, specific production costs, operating expenses, contract payment terms, etc.--  and I could see the ripple effect on the financial statements and funding requirements.  This model enabled me to speak more intelligently with prospective investors."

 

ExpoMarketing Group, Irvine , CA   -  Char Webster, CEO 

"Our business had been in a steady growth mode for several years, until 2Q08 when rising fuel prices and a declining economy substantially affected ours sales and forced a downsize in Q308.  As CFO, Riley offered several key insights and recommendations during the downsize, and built key financial management tools which allowed us to effectively manage and forecast every detail of our cash flow.  He was also able to offer a reduction in CFO services to bare-minimum in order to help us through the tough time.  Besides the many ways that Riley has contributed in financial leadership at ExpoMarketing since 2005, we have appreciated the scalable cost-benefit value that CFO for Lease's flexible service has provided most recently."

 

Real Results Marketing, Boulder, CO  -  Ian Heller, CEO 

"As interim CEO for a private equity-backed client company, I worked with Riley for two years on a wide range of issues, from equity and debt financing, business plans, compensation plans and board communications. Riley’s contributions in all of these areas were timely, thoughtful and informed by his extensive business experience. Riley’s advice was also instrumental on a myriad of day-to-day management issues involving HR, IT, process development and accounting system selection and implementation.  One of the most valuable assets that Riley was able to provide was his breadth of experience across all aspects of business. This was invaluable to us, since, as a $6M operation, we were able to benefit from his diverse, COO-style leadership while only paying for a part-time CFO.  Riley also consistently reinforced the healthy and positive culture we built and held others accountable to teamwork commitment and high ethical standards.  I would recommend CFO for Lease as an outstanding value to other small businesses that seek a full breadth of management expertise without having to hire a costly executive full-time."

 

 

 

 

 

 

  ©2009 CFO for Lease. All rights reserved.
CFO for Lease | 714-362-0494 | info@cfo4lease.com