Lexington, MA (PRWEB) June 10, 2009
Next Stage Solutions, Inc. has expanded its financial services offerings to further meet the needs of emerging businesses. Specifically, Next Stage Solutions (NSS) has launched three new services: First, CFO on Demand - NSS partners with their clients acting as an outsourced CFO on an as-needed basis. Second, Strategic Finance - the Next Stage Solutions team equips its clients with multiple game plans; a blue print for every contingency. And third, Collective Knowledge - NSS offers years of experience implementing new financial strategies from a team who possesses complementary skill sets with varied backgrounds.
Specifically, Next Stage Solutions (NSS) has launched three new services:
1. CFO on Demand. In emerging businesses, CFOs are often hired too early or too late; and all too frequently, emerging businesses hire a CFO who is not the right fit. The cost of these mistakes is staggering, both in dollars and efficiency: the average rate of CFO turnover at small and midsized companies is merely 20 months; the cost of screening and hiring two CFOs in a 20 month span can reach as high as $800,000, not including the disruption to the company as it transitions between the two CFOs. NSS confronts this problem by acting as an outsourced CFO on an as-needed basis. This straightforward method creates greater capital efficiency without compromising expertise and eliminates the cost of a CFO search or transition, thereby strengthening the company's cash flow position.
2. Strategic Finance. Most financial services companies provide their clients with one game plan, strictly focused on the financial picture of the here and now. By contrast, the NSS team equips its clients with multiple game plans; a blueprint for every contingency. Moreover, the NSS plans are focused not only on the immediate fiscal present but also the future, not merely in finance but in operations and management. NSS recognizes that today's CFO needs to wear many hats and provide the full spectrum of financial guidance to sustainable and growing businesses; governance, compliancy and financial reporting are still important, but they are just one piece of the job.
3. Collective Knowledge. When you hire NSS, you get much more than a pro tempore CFO. NSS offers years of experience -- our team possesses complementary skill sets with varied backgrounds -- implementing new financial strategies at emerging businesses. Our client-management system is geared toward extensive communication and unparalleled attention to detail. Our team meets regularly to exchange ideas about your company's challenges. Together, they pass on their collective knowledge to your assigned CFO, who will communicate with you through weekly status reports. As an emerging business ourselves, we understand how difficult it can be to simply keep track of today's financial headaches, let alone tomorrow's.
NSS believes that outsourcing the CFO function is not only efficient in terms of cash and capital, but also the smartest way to grow until the demands of your emerging business justifies a full-time CFO. NSS will support you through this transition - and then step out of the way when the time is right. That's an ROI that is hard to beat. To learn more about our expanding team and services, visit our new web site and blog, which features relevant monthly topics submitted by subject experts. The topic of our June blog, for example, is Funding Options.
About Next Stage Solutions:
Founded in 2002, NSS is a financial consulting firm based in Lexington, MA. It has advised and coached more than 100 companies, from pre-revenue startups to Inc 500-caliber ($3-$15 million) businesses. Our core values are reliability, integrity, and trust. CEOs want a CFO who thinks like a business partner - who has strategic operations in mind. Emerging businesses have an even greater need for this type of partnership. We help our clients devise high-concept, sustainable growth strategies, using in-depth financial modeling to create robust, and realistic, revenue projections. Our clients benefit from the collective knowledge of the NSS team. We work closely with your existing finance staff without a learning curve. We are the ultimate complement to the controller. We are highly communicative with our clients. We deliver weekly status reports on every financial facet of your business. To learn more about NSS, please visit Next Stage Solutions. You can also find NSS on Twitter, LinkedIn, and Facebook.