Providing ideas and discovering new opportunities for our clients and our society.
From management and administration of companies in special situations, to operational and financial restructurings.
We offer our services through our international firms: Mergers Alliance and Wil Group.
At NORGESTION, we help companies maintain their operational performance and ensure their sustainability and future growth.
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The absence of the CFO figure in an organization can open a gap in the leadership team that puts the stability of the company at risk, especially in situations of liquidity crisis, low profitability, questionable reliability of financial information or fraud by company managers.
Understanding the right time for the incorporation of this figure and selecting the ideal professional to address the project or face a crisis can become a complex task. The CFO is a highly qualified and difficult to find profile.
This is one of the reasons why more and more companies are betting on Interim Management in the financial area. Having independent expertise to accompany the management team in situations of development, change or transition has multiple advantages.
Timely financial leadership, oriented towards the outside and with a vision of the future, is capable of improving the culture and productivity of companies.
The fact is that the role of the Interim Financial Manager transcends the finances themselves and goes beyond the oversight of the company's general financial management. It has become a Partner strategic for many companies and funds of Private Equity in their growth plans.
An Interim Chief Financial Officer provides the necessary economic and financial information to the different areas of activity and Stakeholders, for the optimization of company performance.
The Chief Financial Officer of a company must be able to guarantee its economic and financial viability and maximize its profitability through the efficient use of resources in the different areas of activity:
The interim financial management:
The CFO is a key figure in company transformation processes, due to the cross-cutting nature of the financial function and the leadership role he must play within the organization.
The CFO is responsible for the financial and management information that he must serve for optimization in decision-making. Therefore, it must define the strategy in defining the model for analyzing company information.
The company's business areas should consider the CFO a Partner strategic, since their support is essential when it comes to improving their performance and comparing it with the forecasts of the budget and the business plan, and to identify specific measures that help increase efficiency in the different activities carried out by these business areas.
Financial planning is the pillar on which strategic decision-making must be based, such as business growth and its operational needs for funds, investment, financing operations, financial risk hedging and many others. Therefore, the CFO must be the most responsible for leadership in this critical function, which is financial planning.
When faced with a process of international expansion of a company, financial management, with the CFO at the head, plays a key role because of the need to define new administrative and financial processes for the control of international operations, so that they form part of the business group in a consolidated way, not only at the accounting level, but at the level of all the Company's processes, especially those that relate to control and compliance.
In addition, the CFO must support this process of international expansion when it comes to meeting new needs that arise, such as the search for new service providers or funders.
Along with the areas of internal and legal auditing, the financial area plays a crucial role in the important mission of safeguarding the compliance in a company. In addition to the financial nature of many of the obligations (recording of public information, tax reporting and payment of taxes, audits of financial and non-financial information...), the CFO must ensure strict compliance with many others, to avoid contingencies or malfunctions in the company's normal course of business.
In terms of control, the CFO is the most responsible, starting with financial reporting and continuing with the rest of the controls in the Company's processes. As an example, it is worth mentioning those relating to commercial transactions, manufacturing processes, investments, credit to customers, and many other processes in which control is key to ensuring the Company's efficiency and profitability.
We are founding partners of WIL Group, an international group of firms specialized in “interim & transition management”
We operate in 37 countries and have 38,000 managers worldwide.
Jon Dorronsoro
Senior Advisor
“Financial Management must be, eminently, the support of the rest of the Areas of a Company, with the objective of increasing efficiency in all its activities, thus creating a differential value that allows it to better position itself in its Market.”
