At Tandem FDS, we offer a full range of solutions for companies of all sizes and industries, that would normally be provided by a CFO and his or her team. Whether only for a specific function, such as bookkeeping, payroll or budgeting, or for a complete outsourcing solution, our team prides itself on service and excellence. We learn about and understand you, your business and your team to deliver a service tailored to your needs.
Allow us to bring our experience to serve your business: let us demonstrate what we can do for you!
Chief Financial Officer Expertise
Many companies do not have the need nor the financial capacity to hire a full-time CFO. However, this does not mean that they would not greatly benefit from having an experienced professional helping them to reach their goals and objectives. Our part-time CFO solution provides you with an affordable way to access the expertise of such a professional when, and only when, you need it.
Outsourcing
Time is a limited resource. At Tandem FDS, we want you to be able to focus on developing your business and making it successful. Delegating some of the non-core functions of your business, such as management, finance or accounting, will provide you with additional flexibility and peace of mind at an affordable cost.
Allow us to bring our experience to serve your business: let us demonstrate what we can do for you!
Chief Financial Officer Expertise
Many companies do not have the need nor the financial capacity to hire a full-time CFO. However, this does not mean that they would not greatly benefit from having an experienced professional helping them to reach their goals and objectives. Our part-time CFO solution provides you with an affordable way to access the expertise of such a professional when, and only when, you need it.
Outsourcing
Time is a limited resource. At Tandem FDS, we want you to be able to focus on developing your business and making it successful. Delegating some of the non-core functions of your business, such as management, finance or accounting, will provide you with additional flexibility and peace of mind at an affordable cost.
Planning
Budgeting and Forecasting
While the budget is a financial performance representation of where the business aims to go, the forecast is an indication of where it is actually going. The budgeting process requires management to have a long-term view of the company. Tandem FDS can help you develop a useful financial model, tailored for your business, that will allow you to predict your company's profitability and cash flow needs. It will also include information about your financial objectives, which can then be used to assess the performance of your employees. The forecast can be built to be dynamic, where the initial forecast prepared is adjusted periodically to take into account past periods' results, so that you always have an up-to-date estimate of how the results are trending. |
Strategic Planning
Strategic planning is critical to the success of a business and is necessary to get it from where it currently is to where the management team wants it to be in the future. The team at Tandem FDS can help you define your goals, assess your business capabilities and establish a plan to reach those goals. There is only so much that luck can do! We will help you achieve your strategic vision by providing support in relation to finance decisions, risk assessments, process review & improvement, and so on. |
Risk Assessment
Any business is exposed to a multitude of risks, some of which could potentially jeopardise its survival. It is critical for management to perform a detailed assessment of those risks to eliminate the ones that can be eliminated, and to mitigate the remaining ones. Whether the risks are operational, financial or arising from other sources, Tandem FDS will help you identify them, quantify their potential impact on your company, and develop a plan to reduce their impact on your business' ability to achieve its goals. |
Cyber-Security
The question is not whether a business will be a victim of cyber-criminality, but rather when it will be. Not a week goes by without a company, regardless of its size, making headlines for having been the target of hackers. Tandem FDS can assist your organisation to ensure it meets security requirements needed for financial audits or for compliance with regulations, or will ensure simply that it has an exceptional control environment! |
Performance Metrics
Each business is unique and the key performance metrics monitored by management should be in line with the long-term goals established during the strategic planning process. Tandem FDS will accompany you to ensure that the metrics selected can be measured using the processes currently in place, or will otherwise help you improve such processes to rectify the situation. When proper metrics are in place, they can provide management with priceless information when they are compared to internal goals and objectives, such as a budget, or benchmarked externally. |
Management
Control Environment, Compliance & Processes
It is essential for all businesses to ensure that controls in place in relation to the accounting function are effective and allow for proper reporting of financial results, while making sure that the compliance aspect isn't neglected. This goes beyond the finance department, since financial information often originates from other departments. The Tandem FDS team includes trained Six Sigma members that can help you design or improve your current control environment and other processes in place in your business. |
Cash Management
Cash is the lifeblood of your business and how it is managed will impact the likelihood of it reaching its objectives. Tandem FDS can help you not only by preparing cash forecasts but also by performing the necessary analysis to compare results versus expectations, highlighting sources of variations, and adjusting your forecast with the latest available financial data. |
Investment Management
When a business has excess cash, it is important that it is invested in a manner that will keep it secure, that will generate a return sufficient so that the inflation won't reduce its relative purchase power and that will allow the company to access it on short notice. Having excess cash is a good problem to have, and it's important to keep it that way. At Tandem FDS, we can assist you with such decisions. |
Financing Strategies and Capital Sourcing
Being able to efficiently source capital and develop a sound strategy in relation to financing and capital structure is key to a successful business, particularly in capital intensive industries. Tandem FDS has a team of finance professionals with extensive experience in debt origination and structuring. We can analyse your capital structure to make sure it is appropriate for your business, and we will assist with the sourcing and the structuring of your debt. |
Leadership and Training
Our team of professionals can provide support to your current finance team and bring additional leadership when needed. Some entities, due to their size or cycle phase, don't need a full-time CFO but would benefit greatly from having one part-time. At Tandem FDS, we can work with your organisation to fulfil this important role and tailor our solution to your needs. We will share our knowledge and experience with people from your team, which will contribute to their professional development and therefore, to your company's success. |
Operations
Finance Function Outsourcing
By outsourcing various functions of your business, you will have access to fractional use of multiple professionals, while equally paying a fraction of the cost of hiring one of them full time. It will also give your business the opportunity to scale resources up and down, without long term commitment, and depending on your needs over time. At Tandem FDS, we can work with you so that you have access to the right level of expertise, and give you the flexibility to adapt when your needs change. |
Accounting
The fact that having a good accounting function is something essential for all businesses shouldn't mean that it has to be a burden for you. There is a multitude of different software that can be used for bookkeeping, but shouldn't you be devoting your precious time to what you really excel at? We, at Tandem FDS, will help you with the bookkeeping and will also make sure that you get the financial information you need in a timely manner, so that you can always make informed decisions. |
Payroll Processing
You can trust Tandem FDS to help you develop a payroll process, to establish relationships with health insurance and pension providers, to periodically prepare your company's payroll, and to liaise with banks. Our complete payroll processing solution will allow to focus on what you do best by reducing your administrative burden. Whether you have only one employee, or a hundred of them, Tandem FDS can assist you. |
Mergers & Acquisitions
Merger, acquisition and divestment decisions are not faced frequently by business leaders, but they generally have a major impact on an organisation. When faced with such a situation, you want to make sure that you are surrounded with a competent team that has the necessary skillset and expertise to help you make the right decisions. The team at Tandem FDS can provide you with the necessary support to review financial information, plan integration, perform due diligence and assess the financial impact for your business pre and post-transaction. |
Business Valuation
Whether in the context of a purchase or a sale of a business, an issuance or a buy back of shares, a funding arrangement or litigation, you may need to get a valuation for your business. The team at Tandem FDS has extensive knowledge and experience in this area and can assist you in the process . |
Reporting
Data Analytics
Even though we live in the Information Age, it is common for businesses, small or large, to actually operate without management obtaining the adequate financial information necessary to make the right decisions. While most entities do keep their books and records up to date, as required by law or for the purpose of reporting to regulators, it is very often done solely to ensure that the entity is “GAAP-compliant”, and it doesn’t provide enough detail for management to be able to make informed decisions. At Tandem FDS, we will work with you to design a financial accounts structure that will be tailored to your business and will generate the information you need, whether it is by business units, sectors, product types, geographical areas or any other classifications. |
Performance Measurement and Communication
We all know that some people can make numbers say anything they want, hence the importance to have on your side a seasoned professional able to accurately interpret financial results in an unbiased manner. It is one thing to have a system and some personnel in place to perform the bookkeeping function, but it is another one to have someone able to properly analyse the results. At Tandem FDS, our team can fulfil that role between your accounting team and the board of directors or managers, where numbers will be analysed, synthesised and delivered in a way that will answer your information needs. |
Financial Statement Preparation
Financial statement are akin to the report card of a company, showing its financial position and financial performance for a specific period of time. They are prepared for management, as mandated by law in some jurisdictions, but are also often used by third parties like regulators, banks and external investors. At Tandem FDS, we can prepare financial statement for your business in a way that will satisfy the needs of all users and comply with standards and regulations to which your business is subject. |
Audit File Preparation
The financial audit of your company can be a time-consuming task and can impose a huge amount of stress on your finance team. The time spent on the preparation of the audit file and on the actual audit by your team won't be spent on the daily operations, which will translate into a bigger workload for your team, and possible delays in operational matters. Our team understands what an audit entails and what the auditors need, and we can help you put that information together for them. We will jump in with our experience and add extra capacity to your team to reduce the impact of that extra work. |
Financing Request Preparation
Preparing a full and thorough presentation to lenders and potential investors is key to obtaining competitive offers from all lenders. We take a deep dive into your goals and overall strategy, compare it with your financial situation, then provide a recommendation as to the ideal debt load for your company. Following this, we prepare a lender presentation and manage the sourcing and funding of your bank facilities from beginning to funding. |