Explore The Different Industries That We Serve

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

Healthcare

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

Life Sciences/Pharmaceuticals

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

Manufacturing

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

Consumer Products

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

Private Equity/Holding Companies

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

Not for Profit/Government

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

Financial Services

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