Is your company’s cash situation preventing it from achieving its full potential? If your answer is “Yes”, then I may be able to help improve your company’s situation.
I specialize in transforming cash flow concerns into opportunities for growth and efficiency. By diagnosing underlying issues and implementing customized cash management strategies, I not only stabilize your finances but also set the stage for sustainable expansion. Imagine the relief of no longer worrying about day-to-day cash shortages, uncollected debts, accounting compliance issues, or how to finance your next big venture.
With over 25 years of proven success, I have aided numerous companies in enhancing their financial health, both through my firm and in senior leadership roles at top international consulting firms such as Deloitte and Grant Thornton. I am a Chartered Accountant, Chartered Financial Analyst, and Chartered Valuer and Appraiser. Additionally, I am trained in business strategy by Harvard and Wharton and hold an engineering degree from Cornell. This diverse background equips me to offer comprehensive solutions that align financial strategies with innovative business practices.
Cost-Effective Expertise: Hiring an outsourced CFO like myself costs only a fraction of a full-time executive hire would. Moreover, I bring added value by elevating your existing finance and accounting team’s capabilities through targeted training and systems improvements.
Case Study – Help leading cloud service provider turn around finance operations
Client A, a leading provider of cloud services to both public and private sectors, has seen rapid growth, now boasting several hundred employees across Singapore and Indonesia. Despite its robust profitability and a debt-free balance sheet, Client A encountered critical challenges with its accounting practices and internal controls. Working closely with Client A’s CEO and senior management, we embarked on a comprehensive nine-month initiative to enhance various operational aspects.
Key Achievements
- Enhanced Financial Stability: We significantly improved the invoicing and trade receivables collection processes, successfully recovering several million dollars in previously unbilled and uncollected debts. This initiative not only bolstered the company’s cash flow but also solidified its financial base.
- Strengthened Internal Controls: Our team implemented robust internal controls and processes, effectively closing significant gaps and aligning operations with best practices to ensure financial integrity and compliance.
- Optimized Financial Reporting: We overhauled the company’s financial statements, enhancing transparency and accuracy in financial reporting, which facilitated clearer decision-making.
- Strategic Staffing Enhancements: A skilled finance manager was recruited to oversee the daily operations of the finance team. Additionally, we facilitated a partnership with a new auditor to guide the company through a successful audit, demonstrating our commitment to improving oversight and accountability.
- Advanced Budget Management: We developed and meticulously monitored company-wide and project-specific budgets, fostering a culture of financial discipline and strategic resource allocation.
- Increased Project Profitability: Our team created templates for assessing the profitability of various development projects, enabling more informed decision-making and strategic project management.
- Guided Organizational Restructuring: We played a key role in the company’s organizational restructuring, aligning the structure with strategy to improve efficiency and adaptability.
- Optimized Cash Allocation and Investment Evaluation: Advised the company to strategically allocate cash and evaluate investments, which included recommending the distribution of millions in dividends to shareholders, enhancing shareholder value.
- Improved Tax Positions: Assisted in refining the company’s tax strategies in Singapore and Indonesia, optimizing tax liabilities and compliance.
- Identified Acquisition Targets and Software Upgrade: Our team identified strategic acquisition targets to support growth and facilitated the transition of the company’s accounting system to a more robust ERP platform, streamlining operations and data management.
These comprehensive achievements underscore our commitment to transforming Client A’s financial and operational frameworks, ensuring sustained success and positioning them for future growth.
Interested in taking your business to the next level? Visit my LinkedIn profile for more insights into my professional background.
Contact Me For No Obligations Consultation
Please fill out our contact form or call today to schedule a free consultation. Let’s discuss how I can help your business not just survive, but thrive. I wish to emphasize that due to my commitment to delivering positive and fast results, my availability is limited to a select number of clients at any given time.
Henry Ong
Chartered Accountant
CFA CVA
B.Sc (Hons) – Engineering