Tandem FDS offers a full range of solutions for companies of any size and from any industries that are being performed or managed by a CFO and his 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 at your service: there is a lot we can do for you.
Chief Financial Officer Expertise
Companies with less than a few millions in annual revenue generally do not have the need nor the financial capacity to hire a full-time CFO. However, this doesn't mean that they are not faced with situations where they would 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 a CFO when and only when you need it.
Outsourcing
Your business has developed core competencies and delegating the more administrative tasks will free some time so that you can focus on what made you successful. At Tandem FDS, management, finance and accounting are functions where we developed our expertise. By letting us taking care of these tasks, you will get additional flexibility and peace of mind at an affordable cost.
Allow us to bring our experience at your service: there is a lot we can do for you.
Chief Financial Officer Expertise
Companies with less than a few millions in annual revenue generally do not have the need nor the financial capacity to hire a full-time CFO. However, this doesn't mean that they are not faced with situations where they would 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 a CFO when and only when you need it.
Outsourcing
Your business has developed core competencies and delegating the more administrative tasks will free some time so that you can focus on what made you successful. At Tandem FDS, management, finance and accounting are functions where we developed our expertise. By letting us taking care of these tasks, you will get 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. Preparing a budget requires that management has a long-term view of the company. Tandem FDS will help you create a useful financial model, tailored for your business, that will allow you to predict profitability, the cash flows needs and have objectives that could be use to evaluate the performance of your employees. The forecast can be built to be dynamic, where the initial forecast prepared is adjusted periodically to incorporate past period results and always give you an updated estimate of where the results are trending. |
Strategic Planning
Strategic planning is critical for a business and necessary to get a business from where it currently is to where the management team wants it to get 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 so much that luck can do! We will be able to help you achieve your strategic vision by supporting you regarding finance decisions, risk assessments, process review & improvement, and so on. |
Risk Assessment
Any business is subject to a multitude of risks, some of which could potentially jeopardise its survival. It is critical to perform a detailed assessment of those risks in a business to eliminate those that can be eliminated, or to mitigate those that you can't get rid off. Whether operating, financial or from other source, Tandem FDS will help you to identify, quantify their potential impact and plan to reduce the impact of events that could interfere with the ability of the business to achieve its goals. |
Cyber-Security
The question is not if a business will be victim of cyber-criminality, but rather when. Not a week goes by without a company, regardless of its size, making the headlines for having been the target of hackers. Tandem FDS can assists your organisation to meet security requirements needed for financial audits, regulations or to simply have an exceptional controls environment. |
Performance Metrics
Each business is different and key performance metrics to monitor should be in line with the long term goals established during the strategic planning phase. Tandem FDS will accompany you to make sure the selected metrics can be measured with the current processes in place, or will help you improve such processes to achieve it. When proper metrics are in place, they can provide priceless information to management by being compared to internal goals like budget or benchmarked externally. |
Management
Control Environment, Compliance, & Processes
It is essential for any business to ensure that controls in place around accounting are effective to ensure proper reporting of financial results, while making sure that the compliance aspect isn't neglected. That goes beyond the finance department, since the source of financial information often originate from other departments. Tandem FDS's team has trained Six Sigma member 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 have a great impact the likelihood of reaching your objectives. Tandem FDS can help you not only to prepare a cash forecast but to assist you along the way by performing the necessary analysis to compare results versus expectations, highlighting sources of variations and adjusting your forecast with the latest financial data available. |
Investment Management
When a business has excess of cash, it is important that it invests it in a manner that will keep it secure, will generate enough so that the inflation won't reduce its relative purchase power and that can be converted back into cash on short notice. Having more cash than necessary is a good problem to have, 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 around financing and capital structure is key to a successful business, particularly in capital intensive industries. Tandem FDS has a team of experienced finance professionals that have worked in debt origination and structuring. We can ensure your business has the right capital structure and we will structure and source your debt for you. |
Leadership and Training
Our team of professionals can help you support 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 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. While doing that, we will share our knowledge with your team so that they will gain more independence in the future. |
Operations
Finance Functions Outsourcing
By outsourcing functions of your business, you have access to fractional use of multiple professionals while equally paying a fraction of the cost of hire one of them full time. It also gives your business the opportunity to scale resources up and down, without long term commitment, depending of your need 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 accounting is something essential for all business shouldn't mean that it has to be a burden for you. There are a multitude of softwares that can be used to perform bookkeeping, but wouldn't you be better devoting your precious time on what you really excel on? We at Tandem FDS can not only help you with the bookkeeping part, but will also make sure that you get the financial information on a timely manner so that you need to make informed decisions. |
Payroll Processing
You can trust Tandem FDS to establish a payroll process, relationships with health insurance & pension providers, prepare pays periodically on time and liaise with banks. With our complete solution, you will have more time to focus on what you do best and less dealing with administrative tasks. Whether you have one or a hundred employees, we can assist you. |
Mergers & Acquisitions
Merger, acquisition and divestment decisions are not faced frequently by business leaders, but they can have a major impact on the organisation. When in front of such situation, you want to make sure that you are surrounded with a competent team that has the necessary skillset and expertise to make the right decisions. The team at Tandem FDS can provide you the necessary support to review financial information, integration planning, due diligence and assess the financial impacts for our business pre and post-transaction. |
Business Valuation
Whether for buying or selling a business, buying back or issuing shares of your company from\to a shareholder, obtaining funding or a litigation, your business may need to get a valuation. Tandem FDS's team can assist you with the valuation of your business so that the fair price will be known for the contemplated transaction. |
Reporting
Data Analytics
Even though we live in the Information Age, it is common for businesses, small or large, to actually operate without getting the adequate financial information necessary for them to properly manage their business. 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 details for management to be able to make informed decisions. At Tandem FDS, we will work with you to design financial accounts structure that will be tailored to generate the information you need, either by business units, sectors, product types, geographical areas, and so on. |
Performance Measurement and Communication
We all know that you can make numbers say anything you want, hence the importance to have on your side a seasoned professional able to interpret financial results. It is one thing to have the system and personal in place to perform the bookkeeping function, but it is another one to have someone able to properly analyse such 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 need of information. |
Financial Statements Preparation
Financial statements 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 the management, as mandated by law in some jurisdiction, but also often used by third party like regulators, banks & external investors. At Tandem FDS we can prepare them for your business in a way that will satisfy the needs of all users and comply with standards and regulations subject to you business. |
Audit Files Preparation
The financial audit of your company can be a time-consuming task and can add a huge amount of stress to your finance team. The additional time that has to be spent on the preparation of the audit won't reduce the regular workload of your team to accomplish the daily operations, which translates often in over charge of work and delays. Our team understands what auditors need to perform their audit work and we can help you putting together that information. We will jump in with our experience and add extra capacity to your team to reduce the impact of the 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. |