Working with Samarak

Because every company we work with has its own unique problems, issues and needs, there is no pre-determined method we use when working with a new company. That said, depending on the services you require, there are some steps we usually follow.

CFO Services

Initial Telephone Call
We typically start with a phone call in which we ask you questions aimed at understanding what you are seeking from a part-time CFO, what is and is not currently working well, and as much general information as we can about your business. How big are you? Where does your revenue come from? What are your major expenses? What are the key factors that drive profits? What is your management structure? How are you currently handling financial management issues from bookkeeping to taxes to preparation of financial reports and business analysis?

Purpose of initial call: to understand your needs and your goals.

We Make a Proposal as to How to Move Forward
Based on the information we gather in the first call, we generally make a proposal as to how to move forward. The most common next step is a short-term consulting project in which we review your current financial and/or management reports and systems (starting with how you process bills and invoices and ending with how you make business decisions) and then provide you with our analysis of what is and isn't working and what it will take to achieve your goals. In addition, we are now ready to make a proposal for an ongoing relationship.

Purpose of Short-term consulting project: to provide you with a thorough analysis of your current systems and to give you the necessary information to determine whether or not it makes sense for you to hire a part-time CFO (what would the CFO be responsible for, how would your business benefit, how many hours per month would be required and what would it cost you).

We Make a Proposal for an Ongoing Relationship
If, based on our review of your business, we feel there is a good fit between your needs and what we can provide, then we will make a proposal for a long-term relationship. Typically this means 2-3 months of fairly intensive work (total of 30 - 100 hours) putting systems in place and building a financial model that will make it easy to perform business analysis in the future, followed by an average of 5 - 20 hours per month managing your systems, preparing and reviewing budget and other reports with management, and assisting with other things as necessary.

Purpose of Ongoing Relationship: to provide you with the knowledge and expertise of an experienced CFO for a fraction of what it would cost to hire a full-time CFO.

Consulting Services

Initial Telephone Call
We generally start with a telephone call in which we ask you questions aimed at fully understanding the CFO consulting project you have in mind.

We Make a Proposal
We then make a proposal outlining exactly what we will deliver and what it will cost. Sometimes we propose a set fee and sometimes we work by the hour and give you an estimate of how many hours we expect the project to take.