CFO AND FINANCIAL SERVICES

Since its founding in 2007 WebTechCFO has consistently delivered significant benefits to its clients. The following is a summary of our recent accomplishments and project results.

DETAILED RESULTS DESCRIPTIONS

INTERNET BROKERAGE COMPANY

• Completed an analysis of communications costs that resulted in annual savings of $1.5M
• Created a Collections Policy that reduced Bad Debt Expense by over $200k
• Performed a Purchasing and A/P analysis that uncovered overpayment to vendors that resulted in recoveries exceeding $100k
• Implemented a Timekeeping System that enabled profitability analysis and budgeting by product line and business unit
• Completed a comprehensive Monthly Financial Reporting Package that uncovered pricing and staffing issues
• Prepared Budgets by Subsidiary and Business Unit

FOREIGN EXCHANGE (FX) TECHNOLOGY COMPANY

• Prepared a Circuit Cost Recovery Analysis that uncovered over 400 customers were underpaying their circuit costs by $1.9M annually
• Created a Capex Policy that instituted competitive vendor analysis and led to savings of over $300k
• Produced a detailed Budget and Mid-Year Forecast
• Performed an analysis of Direct Costs and Operating Expenses

INFORMATION TECHNOLOGY COMPANY

• Developed strategies and performed analyses that reduced A/R by $800k, DDO by over 40 days and improved the bottom line by $300k+
• Performed a detailed analysis /assessment of spending and identified significant opportunities for savings/reduction
• Produced a Detailed Budget / Forecast Model tailored to the needs of the business
• Created a comprehensive Monthly Financial Review Package that included a one page Dashboard containing KPIs
• Developed a Business Case Model to evaluate new products and business lines
• Instituted Policies / Procedures required for continued growth

WEB HOSTING COMPANY

• Created a detailed budget/cost analysis for the $3M expansion of the data center
• Created a comprehensive Budget Package including Income Statement, Balance Sheet, Cash Flow and detailed projections of Revenue and Expenses
• Performed financial audits and due diligence on potential acquisitions
• Prepared an Accounts Receivable analysis that led to increased collections and utilization of assets
• Performed a vendor expense analysis that uncovered a $20k overpayment

SOCIAL MEDIA COMPANY

• Prepared a Financial Package for a successful B Funding Round
• Created a Dashboard containing financial and operational KPIs
• Created a Monthly Financial Review Package for the Board of Directors

HEALTHCARE INFORMATION TECHNOLOGY COMPANY

• Prepared an Operations Expense Budget Model for a $100M Subsidiary
• Oversaw a reorganization of 500 Employees and $60M in Expenses

INTERNATIONAL MOBILITY SOFTWARE AND SERVICES PROVIDER

• Produced an extensive Business Case for migrating to a New T&E System that detailed savings of over $300k
• Performed a detailed analysis of historical travel expenses for domestic and international staff to identify benchmarks and trends
• Created a comprehensive International T&E Policy to be the foundation for the new T&E System

INSURANCE PREMIUM FINANCING COMPANY

• Initiated a reduction of the unnecessary portion of a bank credit line that resulted in annual savings of over $100k
• Prepared a detailed Business Plan

CONSUMER PRODUCT COMPANY

• Created a detailed Business Plan and Budget that secured a SBA loan

MORTGAGE BANKING SOFTWARE COMPANY

• Created a comprehensive Monthly Financial Reporting Package that included financial, statistical, and headcount information that uncovered client profitability issues