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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."

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