Industries

CFO Solutions works across all industries, from Aerospace to Water products. While each industry has specific challenges, several common challenges span all industries:

  • Disparate legacy applications that do not meet current requirements
  • Lack of accountability for results due to delays in the availability of data
  • Slow and labor-intensive manual processes
  • Un-scalable Excel-based processes
  • Lack of version control and integrated data
  • Complex employee planning needs
  • Inability to analyze data and compare versions
  • Unable to grow current processes with the business

Contact Us to discuss how CFO Solutions has helped clients overcome these challenges.

Common Challenges in Healthcare:
  • Difficulties tracking the effectiveness of cost containment/reduction initiatives
  • Balancing strategic investments
  • Complex employee planning and staffing models
  • Physician revenue modeling that properly considers volume and incentives
  • Health systems with numerous different budgeting requirements and operating models (hospitals, medical groups, long term care)
  • Difficulty managing operational accountability for the budget
  • Frequent acquisition of hospitals/physician groups
  • Frequent capital projects
  • Managing Grants and restricted funds. State funding with specific, detailed reporting requirements

Contact Us to discuss how CFO Solutions has helped our Healthcare clients overcome these challenges.

CASE STUDY
UMass MEMORIAL

Common Challenges in Life Sciences and Pharmaceuticals:
  • Manual, labor-intensive budgeting
  • Long-term project R&D cycles with complex project accounting requirements
  • Capital-intensive planning
  • Need for multi-scenario planning

Contact Us to discuss how CFO Solutions has helped our Life Sciences / Pharma clients overcome these challenges.

CASE STUDY
Keryx

Common Challenges in Manufacturing:
  • Disconnected sales forecasting/demand planning process
  • Detailed bill of material planning
  • SKU-level planning
  • Seeking to incorporate detailed operational metrics in the planning process
  • Variable and fixed overhead expense cost allocations
  • Capital-intensive structure with the need for flexible depreciation methods
  • Direct labor budgeting based on machine hours
  • Lack of true consolidation processes with eliminations, reporting, reconciliations and roll-forwards
  • Disparate systems resulting from mergers and acquisitions over time

Contact Us to discuss how CFO Solutions has helped our Manufacturing clients overcome these challenges.

CASE STUDY
Aavid Thermalloy

Common Challenges in Consumer Products:
  • Need for fast, accurate access to data to address consumer and market fluctuations
  • Complex foreign exchange calculations and variance analysis capability
  • Disjointed spreadsheets with version control issues
  • Ad hoc analysis requests due to consumer nature of business
  • Global end user training needs

Contact Us to discuss how CFO Solutions can help your organization overcome these challenges.

CASE STUDY
Abbott Nutrition

Common Challenges in Private Equity / Holding Companies:
  • Numerous disparate systems from M&A with a need to consolidate companies for global portfolio planning
  • Lack of flexibility in consolidated and distributed reporting
  • Need for flexible pro-forma reporting and analysis
  • Ability to quickly incorporate new acquisitions

Contact Us to discuss how CFO Solutions can help address these challenges in your organization.

CASE STUDY
Wind River Holdings

Common Challenges in Not-for-Profit / Government organizations:
  • Limited funding requiring detailed and extensive cost controls
  • Fund accounting and non-traditional forms of revenue generation
  • Reporting to outside interests and entities
  • Project-based long-range planning
  • Limited resources for technological investments resulting in manual processes, inconsistent financial reporting

Contact Us to discuss how CFO Solutions can provide perspective for not-for-profit clients.

Common Challenges in Financial Services:
  • Large and complex employee base for workforce planning
  • Ad hoc analysis for individual products and various product mixes
  • Ability to gather and analyze multiple external market indicators
  • Need to incorporate additional data from actuarial tables for analysis and pricing
  • Desire to leverage predictive analytics to enhance processes

Contact Us to discuss how CFO Solutions can help your organization overcome these challenges.

CASE STUDY
 Thrivent

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