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Outsourcing Your Financial Right Hand - Cyber CFO Access to a professional team with a wider range of skills and experiences. Cost savings. Timely and.

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Presentation on theme: "Outsourcing Your Financial Right Hand - Cyber CFO Access to a professional team with a wider range of skills and experiences. Cost savings. Timely and."— Presentation transcript:

1 Outsourcing Your Financial Right Hand - Cyber CFO Access to a professional team with a wider range of skills and experiences. Cost savings. Timely and accurate internally generated information to help manage your business. Strategic planning for growth and profit. Candid advice without employee bias.

2 TRTR Cyber CFO Joseph F. Hannan, CPA 21st Century Service Model Used By: Trien Rosenberg

3 Tradition Business owners need timely and accurate management information, but traditional accountants focus on history, emphasizing reporting to banks, tax authorities and regulators. Emphasis on information demanded by outsiders diverts resources from planning and consultative services.

4 Came the Revolution CPA’s began using specialized microcomputer based productivity tools. Early adopting clients saw an opportunity to control costs using inexpensive, feature rich accounting packages using plain English.

5 Came the Revolution Innovative entrepreneurs saw the advantage of knowing “How am I doing?” RIGHT NOW rather than being told in the middle of next month. Owners gained a better day to day feel for CASH FLOWS and other financial aspects of their businesses.

6 What Went Wrong User benefits were lost - the typical CPA had to spend time adjusting records and linking or reentering information. Plain English accounting records are confusing to most CPAs. Links between these accounting packages and the CPAs’ software were either missing or difficult to use.

7 Avoid Mistakes Demand your CPA’s involvement in process reengineering your accounting function - building the analysis and filing systems that support accounting records. Involve your CPA in the selection, installation and configuration of your accounting software.

8 Maximize User Benefits Money spent planning the architecture of your accounting system will reduce the annual cost of your bookkeeping and compliance services. Learn from your CPA /Advisor - insist on GOING OVER THE NUMBERS until both of you are confident they are reliable and YOU know what they mean.

9 Cyber CFO Services We reengineer the client’s plain English accounting records to produce instant, accurate internal financial statements - reusing the same data to create tax returns and financial statements for third parties. Time is money - , remote access and file transfer reduce the need for inefficient “face time” in the record keeping process.

10 Cyber CFO’s Additional Benefits Electronic transfer of data avoids inefficient data reentry. Having the details of the client’s records (received electronically) reduces the need for personal inquiries (What was the date of that state tax payment?). Telecommuting allows time efficient consultation and support on the client’s schedule.

11 Cyber CFO’s Added Value Clients retain up-to-date accounting records, and have immediate access to accurate financial information. Face to face meetings are for planning long- term growth and profit. The early stage business acquires future oriented consulting services.

12 Trien Rosenberg’s Cyber CFO Services Provide: A well developed network of bankers, angel investors, venture capitalists and others who bring capital and valuable experience to early stage businesses. Proven track record helping early stage businesses grow. Up-to-date knowledge of Information Technology plus traditional tax and accounting services.

13 How to Contact Trien Rosenberg: Joe Hannan at Extension 110 Jay Trien at Extension 123 Certified Public Accountants and Business Consultants 177 Madison Ave 120 Broadway - 36th. Floor Morristown, NJ New York, NY TEL. (973) TEL. (212) FAX (973) FAX (212) TRIEN ROSENBERG ROSENBERG WEINBERG CIULLO & FAZZARI, LLP


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