What is our HKM CFO service?

A Chief Financial Officer (CFO) is a key, senior member of a company’s management team.

He or she is responsible for more than just the accounting side of a business, extending into areas such as
strategy, human resource, risk management and systems.

All companies need the expertise and experience of a CFO.

The main problems for SME’s is that a full time CFO is very expensive and may not necessarily be fully or
effectively utilised.

The concept of our HKM CFO service is to provide a CFO who can deliver all of the critical services that a growth
company requires at a lower cost.

What are the benefits of the HKM CFO service?

  • Increasing growth, profits and cash flow;
  • Access to a skilled professional at a much more manageable cost;
  • Manage the finance function;
  • “Strategy into Action”;
  • Timely financial information along with skilled input and analysis and
  • Becoming attractive to investors and funders by implementing best practice

What type of companies are our specialties?

HKM Corporate specialises in companies that:

  • need to become “Investment Ready”
  • have raised capital and need to execute the plan.

Our preference is to assist start up and early growth companies, particularly technology companies.

Typical Investment

A full time, experienced CFO can cost between $180,000 to $250,000 depending on the size of the company.

Typically the investment required for a HKM CFO service is between $5,000 and $20,000 per month depending
on what is needed by the company.

Summary of Hayes Knight Melbourne CFO Service Deliverables

Growth & Profit

  • Undertake Investment Ready Diagnostic
  • Highlight key issues that need to be addressed

Strategy

  • Member of Strategic Team
  • Planning Tools & Processes
  • Prepare Strategic Business Plans
  • Financial Modelling
  • Revenue Modelling
  • One Page Plans

Business Development

  • Market Research – Primary & Secondary
  • Business Model Development
  • Sales Planning – Strategic & Tactical
  • Plan Implementation
  • CRM
  • Sale Pipeline Reporting
  • Develop systems and processes
  • Waste Reduction/Audit

Financial Information

  • Accounting
  • Bookkeeping
  • Monthly Reporting
  • Budget Analysis
  • KPI / Lead Indicator Reporting
  • Activity Based Costing
  • Cash flow Planning and Monitoring

Tax & Annual Reporting

  • Liaise with External Accountants
  • Assist with Year End Planning and Financials
  • 125% R&D Deduction

Team Development

  • Manage internal accounting team
  • Registration for HR Pedia – Online HR Knowledge Centre

Monthly Management Meetings

  • Organise Agenda – driven by One Page Plans
  • Attend Meetings
  • Follow up Implementation

Legal Documentation

  • Review all critical contracts
  • Liaise with lawyers
  • “Legal start up pack” including agreement templates such as:
    • Non disclosure
    • Licensing
    • Contractor
    • Employment
    • Supply
    • Manufacturing

Intellectual Property

  • Develop & document terms of trade
  • Review patents, trade marks, copyright, etc
  • Liaise with IP Attorneys

Business Funding

  • Assist with all facets of the capital raising process
  • Assist with any M&A activity
  • Prepare all necessary documentation for capital raising including:
    • Information Memoranda
    • Investor Presentations
    • Transaction Support
    • Due Diligence
    • Executive Summaries
    • Valuations

Structuring

  • Liaise with HKM Corporate Advisory to ensure that tax and corporate structures are the most appropriate.

Implementation

  • Coaching & Mentoring
  • Online Coaching
  • One Page Plans
  • Continuous Improvement

Senior Management Network

  • Join a Senior Management Network
  • Quarterly meetings with other CEO’s
  • Share problems and solutions

Training

  • Bookkeeping
  • MYOB/Quickbooks
  • Online – Business Improvement, Marketing & Sales, Continuous Improvement, Leadership Development, Personal Development and Team Development
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