CLIENT PROFILEOwner may be the default CFO. Often has a single financial resource covering multiple roles (i.e. Bookkeeper doing Controller work). Business is ready for more structured financial resourcing (CFO, Controller & Bookkeeper) but not full-time. |
CURRENT OPTIONSOwner continues to be the CFO/Controller ... taking time away from other value driven work &/or Owner may not have the required skills. Have an admin employee take on Bookeeper or Controller role ... which is not their expertise and other priorities may trump. Hire a full-time resource ... expensive, not required &/or skills/resource misalignment. |
AUXILIUM SOLUTIONAuxilium becomes your ongoing Finance Department. Resources assigned to cover all 3 finance roles OR fill role gaps. Auxilium takes over responsibility for all day-to-day financial requirements of the assigned role. Auxilium’s role evolves with the client. |
CLIENT PROFILEInvestors in multiple businesses that lack adequate finance team OR the existing team is no longer a fit/objective. Need to parachute a finance team into a new company in the portfolio. Purchased an Owner-operated business that needs independent 3rd party. Require consistent & stringent accounting reporting under IFRS, ASPE, or US GAAP. |
CURRENT OPTIONSContinue with existing accounting/finance team …potential conflict of interest, misalignment of skills for the level reporting required. Utilize analysts/accountants from your own firm ... taking time away from internal reporting duties &/or potential capacity issues. Build a new full-time accounting/finance team … expensive, slow process of hiring & onboarding &/or skill/resource misalignment. |
AUXILIUM SOLUTIONInitially, Auxilium is assigned to fill short-term Finance gaps within the PE/VC firms &/or the company within the portfolio. Can transition from short-term project work into ongoing accounting/finance resourcing. Executes initial projects such as purchase accounting reporting requirements. Auxilium’s role evolves with the client. |
CLIENT PROFILERequires accounting in accordance to IFRS or US GAAP. Requires a team to lead the IPO Process and initial/ongoing audits. Requires financial statement with notes and MD&A. |
CURRENT OPTIONSHire a full-time resource … expensive, slow process, not required &/or skill/resource misalignment. Most accounting firms can fulfil these short-term requirements ... expensive and do not transition into an ongoing financial resource. |
AUXILIUM SOLUTIONInitially, Auxilium is assigned to fill short-term Pre-IPO financial requirements (i.e. creating initial financial statements) Auxilium leads the IPO process and first-time audit as the financial representative of the company. Can transition from short-term project work into ongoing accounting/finance resourcing to match changing needs. |
CLIENT PROFILEOwner doing it themselves (time away from value driven work) Assign it to the operations team (not an expert and other priorities so doesn’t get done) |
CURRENT OPTIONSHire a full-time resource … expensive, not required &/or skill/resource misalignment. Build a new full-time accounting/finance team… expensive, slow process onboard process &/or skill/resource misalignment.
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AUXILIUM SOLUTIONAuxilium becomes your ongoing Finance Department and records manager. Takes over responsibility for all day to day financial requirements of the assigned role. Implementation of Yardi (Real Estate). Auxilium’s role evolves with the client. |
