Outsourcing of chief financial officer

From time to time mid-size or small businesses might need fast and cost-effective solutions in order to complement or fulfil the position of a Financial Manager. This might happen if:

• hiring a full-time financial manager is not reasonable;
• the person fulfilling financial managers’ post is overloaded with work.

Need for a financial manager may arise for example after a merger or an acquisition or if there is a need for a fast increase in the level of financial management skills in the company.

Financial Manager service includes:

Arranging financial management

• Executing periodical reporting
• Cash flow planning and control
• Controlling from reporting to management decisions
• Managing cash flow and working capital

Cost accounting

• Systematisation of accounting to calculate factory cost
• Control procedures for cost control
• Periodical cost control
• Finding and pointing out possible items for cost cutting

Budgeting

• Budgeting and following budget
• Analysing results

Other

• Standardisation of IT systems from accounting point of view
• Optimisation inner documents and information flows
• Other aspects of accounting arranging (do the right things on the right time)
• Training for management and financial personnel
• Financial analysis

We offer a financial management service, performed by highly skilled professionals, who will honour and respect the client integrity and confidentiality. 

Our financial manager’s service integrates the competencies of various specialists from many departments in Rimess − especially those from tax, legal and financial advisory in order to provide complete and tailor-made solutions to our individual and specific clients.