FAQ

Please give us a call with any questions you may have at (312) 772-6105. If you want to learn a little more about how we work before you place that call take at look at these frequently asked questions.

How much does it cost?

• Rates are affordable and reasonable with monthly plans available for most budgets.
• Initial visit is free where we will discuss your needs and concerns.
• If you decide to proceed with us, costs will be determined by the scope of work needed and your timeline for completion.

When should I hire a part-time CFO?

• • Ready to take your for-profit or non-profit business to the next level.
  • Sudden departure of CFO/Controller
  • Regular cash shortages
  • Finance complexity beyond scope of you or the accounting staff.
  • Need strategic finance thinker.
  • Need a CFO level executive but cannot afford one full-time.
  • Plan to add staff or locations
  • Delayed collections from confusing billing process
  • On the emotional side, a CFO consultant can provide peace of mind regarding the numbers and financial outlook.
  • To learn more, read our blog article, “Are You Ready To Hire A Finance Consultant”

What is the difference between a CFO and a Controller?

• • A Controller tends to only focus on accounting and reporting the numbers.
  • A CFO’s role encompasses both accounting and strategy since business does not operate in an accounting vacuum. In addition, a CFO usually has experience in overseeing or running operations, purchasing, human resources, facilities, and contracting.

Why should I hire you instead of a large CFO consulting firm?

• • Loftis Consulting is a small boutique firm that understands your business because we are not a large corporation.
  • We have over 15 years experience and will be able to utilize our skills quickly in order to not be disruptive to your business.
  • We are Chicago based and know the market locally and globally by industry.
  • If you are looking for a firm that is nimble and flexible with individualized attention, then Loftis Consulting is the perfect choice.

What size businesses hire part-time CFOs?

• • Start-ups and small to mid-size for-profit and non-profit businesses
  • Typically work with companies with annual sales of $0.5 million to $20 million with some clients below or above this average.

Will you work inside by business office?

• • It depends on your needs. We can work on a project or interim basis in your office, virtually or both based on your needs.

Can you represent my company with my banker?

• • Yes.
  • As your CFO, we will work with your banker to have him or her gain comfort with the credibility of your financials and business.

What other services do you offer?

• • Other services include business plans, budgeting, financial analysis, cash flow analysis, financial modeling, key performance indicators and financial training.

If you are ready to take your business to the next level, call today at (312) 772-6105 for your free consultation or to learn more about what we have to offer.