With today’s economic volatility, most organizations are looking to get an edge by reducing costs, retaining market share and conquering their competition. The business reality, however, is that organizations that reduce spending without substantial efficiency gains often find themselves defending their turf in a shrinking market, as opposed to expanding and growing their market share. Now more than ever, it is time for businesses that want to survive today and thrive tomorrow to focus on their core – leaving the back office and administrative functions to someone else.
Total CFO is worthy of consideration for those small businesses looking to make a transformational shift in their organization and how they view the back office. We offer a broad range of services including accounting, billing, AP and payroll and allow companies to select only those pieces required to address their business needs. It is your comprehensive financial plan, and it is individually tailored to meet your specific needs.
Selecting Total CFO provides the added benefit of working with someone who knows your market and how to interact with your staff, customers and suppliers. Our well established, U.S. based, accounting firm will tailor our services to your small business as opposed to offshore solutions whose return only seems measurable for large enterprises. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track. Total CFO has a very diversified group of clients in a multitude of fields and industries. We can speak your language and have an understanding of your individualized goals and principals. This allows your business to obtain the greatest benefits of our staff’s expertise, while leaving the day to day management responsibilities to those familiar with managing such functions.
Utilizing Total CFO can result in significant cost reductions depending on your current back office support model and investments. Once you factor in employee expenses associated with hiring and terminating (including recruiting fees, training, vacation and holidays), the cost of hiring someone else to do these back office functions more efficiently or on a part time basis can often be lower.
In addition to being able to focus on your core and potential cost reduction, outsourcing back office functions will provide you with flexibility in your workforce, allowing you to pay for only the services you need while providing greater capabilities to meet peak demands. Without an outsourcing service provider in place, organizations often add a full time individual to meet their growth needs, resulting in too much or too little support for each business function. Outsourcers tend to have access to more skilled individuals per function, allowing for greater depth of knowledge and breadth of ideas. Businesses benefit by gaining access to greater tools and technology, such as electronic workflow and imaging solutions – solutions previously available only to larger companies due to consolidated spending and centralized operations of the outsourcer.
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