Blue Wing Method
Chief Financial Officer
Our CFO method ensures your business finances are managed strategically and efficiently from start to finish. This is your journey with Blue Wing as your Chief Financial Officer.
1 ANALYZE
We’ll start by analyzing your business and help you identify areas that are inefficient in order to increase profitability across product lines, fulfillment and supply chains. We closely partner with best-in-class CPA firms to make sure you are tax compliant across all levels and that your tax strategy bests suits you and your business.
KEY FOCUS AREAS INCLUDE
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1
We’ll help you identify pinch points and areas to save money.
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2
Where are you making money in product lines and fulfillment channels?
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3
We’ll take time to analyze and maximize your supply chain.
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4
Taxes
- Local, state and federal compliance
- Strategy that suits you and your business
- Partner with best-in-class CPAs
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5
Future Planning
- |A| Where does the profit go?
- |B| What happens in crisis situations?
2 FACILITATE
We’ll act as your controller and optimize your systems — mapping out your cash flow and implementing a system of checks and balances for your key financial business activities. We’ll make sure that your cash flow is monitored and that all required reporting is accurate and meets the highest industry standards.
KEY FOCUS AREAS INCLUDE
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1
Develop a cash flow map
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2
Check Points
- |A| Mirror operations in accounting system
- |B| Checks & Balances for key financial activities
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3
Accurate Recording:
- Income
- Expenses
- Assets & Liabilities
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4
Monitor and accurately record your cash flow and historical data
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5
Reconcile multiple data sets to arrive at accurate conclusions
3 IMPLEMENT
We’ll build financial models geared to maximize your business. The models and mapping will show your current position and give you a clear picture of where you are headed. We’ll help take a look at current and new markets, trends for exponential growth and strategies to get you there.
KEY FOCUS AREAS INCLUDE
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1
Build financial model that integrates and transitions current and projected models.
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2
Build a representation of what financial expectations might be based on the following:
- |A| Current markets
- |B| New Markets
- |C| Strategies
- |D| Scaling trends
4 EVALUATE
We’ll work to create projections and budgets for the next 1–5 years and provide detailed reports onprojected versus actual numbers. We’ll train you and your team to use budgets for multiple departments and monitor your progress to ensure sound decisions are being made based on those numbers.
KEY FOCUS AREAS INCLUDE
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1
Work the budgets
- |A| Create projections and budgets for the next 1—5 years
- |B| Develop complex budgets and teach you how to use them!
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2
Get Perspective
- |A| Clear pictures—what we expected, what really happened and why.
- |B| Build systems that help you and your team make sound decisions based on your numbers.
5 SCALE
We’ll make sure the whole system works together by training your employees and creating an accountability system between departments and management. We’ll oversee the systems that affect the long-term financial health of your company and future-proof these systems for growth. We’ll make sure that as a manufacturer, you have everything you need to scale.
KEY FOCUS AREAS INCLUDE
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1
Train your team members who interact with the finances
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2
Touch-points appropriate for your financial systems
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3
Checks and balances—between departments and management levels
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4
Accountability for your staff in the part they play in the company
Download Printable Version
We have created two printable versions of the Blue Wing CFO Method. One is a summary of the 5 key processes and the other is a detailed look at the workflow steps in each process.
