11
Jun 2021
11

The Fractional CFO | Interim CFO | Controller | Financial Consulting

The financial challenges that businesses face can be difficult to overcome without the right person at the helm.

The Fractional CFO | Interim CFO | Controller | Financial Consulting

Encompass Solutions , , , , , , , , , , , , , , , , , , , , Sean Balogh

The financial challenges that businesses face can be difficult to overcome without the right person at the helm. A fractional CFO or similarly-qualified financial consultant may deliver the results and value to help your organization succeed. Maybe a full-time financial leader does not make sense for your business or you need support while searching for the right individual. In any case, a fractional CFO or similarly qualified financial consultant may deliver the results and value required to help your organization succeed in a fiscally-healthy, responsible, and sustainable way.

What a Fractional CFO Does for Your Business

While a highly organized person may be able to step into an operational leadership position or a persistent and detail-oriented person can excel in marketing and sales, financial leadership is a unique skill set.

Optimizing cash flow, maximizing growth and profitability, and ensuring the financial stability of an organization are just some of the essential services a fractional CFO can provide. However, a full-time CFO can be tough to justify in terms of cost or it may be difficult to find the right individual to not only make the best financial decisions for your company but also has deep knowledge of and experience in your particular industry.

Whatever the reason a full-time CFO may not make sense for you at this point, Encompass has consultants to provide the experience and expertise you need at a fraction of the cost of an in-house CFO.

Specialty Financial Consulting Services

As a provider of financial leadership consulting, Encompass consultants can strategic expertise to help you better understand and outline your financial goals, ensure your business stays on course to achieve those goals, and excel in a competitive industry.

Partnering with Encompass ensures your business will have a qualified representative leading your financial department to satisfy the most essential functions of a financial department. These services include but are not limited to:

  • Financial Strategy, Planning, and Management
  • Financial Analysis, Planning, and Forecasting
  • Financial Regulation and Compliance
  • Accounting, General Ledger, Administration, and Operations
  • Financial Management > Financial Relations and Policies
  • Cash Management – Cash Flow Analysis/Financial Position Analysis
  • Automation and Process Improvement
  • Financial Technology and Solution Evaluation
  • Financial Strategy Alignment in preparation for, as part of, or following ERP implementation
  • Report Development beyond the initial Balance Sheet and Income Statement created in XLConnect
  • Booking Journal Entries as needed to record Reconciliation differences or reclassifications
  • Financial Statement preparation and review
  • Discussions regarding General Accepted Accounting Principals (GAAP)
  • Month and Year End processes
  • Clean up old and new accounting issues
  • Account reconciliations and analysis

A modern business requires modern tools to maintain a competitive edge. An ERP solution or other business management system will empower your business to address the needs of financial strategy and stability. Our financial professionals work within these systems daily to ensure our client’s financial goals are aligned with their internal processes, and regulations, satisfy the financial compliance requirements of all jurisdictions in which they conduct business, and are liable for financial reporting and payments to which they are subject.

Partner with an Encompass Fractional CFO or Financial Consultant

If you are ready to have a conversation about the financial leadership needs of your business, we’re standing by to help.

Contact us today to learn how Encompass can help position your financial activities and policies on the path to success.

You can download the financial services summary in a sharable format (PDF) below.

Fractional CFO Services

 

About Encompass Solutions

Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, or renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.

13
May 2019
0
An image of the Epicor partner certification logo: Certified Epicor ERP Partner encompass Solutions

Why Choose A Certified Epicor ERP Partner?

Selecting a certified Epicor ERP partner for your enterprise software implementation, migration, service, or support is vital to protecting

Why Choose A Certified Epicor ERP Partner?

Epicor , , , , Sean Balogh

Selecting a certified Epicor ERP partner for your enterprise software implementation, migration, service, or support is vital to protecting your technology investment. Choosing an Epicor authorized partner, like Encompass Solutions, over other technology consultants yields a better experience for your team and better results for your business.

Encompass Solutions, Inc.: A Certified Epicor ERP Partner

The Epicor Partner Network is a comprehensive sales, support, and marketing program that offers businesses significant opportunities to grow with award-winning products, training, and support in a highly competitive, dynamic marketplace. With Encompass Solutions solutions, our proven ability to drive growth, and equipping workforces with the knowledge and tools necessary to succeed, Encompass Solutions remains one of the highest-ranked partners in the Certified Epicor ERP Partner program.

Epicor authorized and certified partners:

  • Have completed the Epicor certification program for the highest level of product knowledge
  • Invest in their customers’ success with Epicor solutions
  • Are fully trained on the most recent product release
  • Have direct relationships with Epicor product development, services, and support staff
  • Are informed about the latest product roadmaps, promotions, and incentives
  • Adhere to regulations set by Epicor for the protection of your business

The Epicor certification program defines learning standards, trains participants on Epicor applications, and tests their mastery of each application upon completion. Epicor certifies partners annually, so you can expect we are equipped to provide you with the best possible consulting experience and the most up-to-date information.

About Encompass Solutions

Encompass Solutions, Inc. is an ERP consulting firm and Epicor Gold Partner that offers professional services in business consulting, project management, and software implementation. Whether undertaking full-scale implementation, integration, and renovation of existing systems or addressing emerging challenges in corporate and operational growth, Encompass provides a specialized approach to every client’s needs. As experts in identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.

 

21
Aug 2017
0
an image of a day in the life event taking place

A Day in the Life: Beyond the Webinar

There’s no doubt that online demos and webinars are the most efficient, easy, and on-demand way to let

A Day in the Life: Beyond the Webinar

Encompass Solutions , felixc

There’s no doubt that online demos and webinars are the most efficient, easy, and on-demand way to let CFOs, CEOs and IT executives get a taste of new technology solutions. Whether they’re focused on implementing changes for growth, scalability and improved profit margins, the smart executive knows that part of winning and staying ahead in all industries is to be in the know of all IT developments in your business area. That said, we here at Encompass are delighted to present a new format, A Day In The Life event. This is a more meaningful experience, a way to see beyond what a standard PowerPoint presentation would show. After all, there is no form of communication as effective as face-to-face, in business and in many other aspects of life.

Just last month Encompass had the opportunity to host a new session of our A Day in the Life event series.

An image of a day in the life event taking place

What Is A Day In The Life Event?

A Day in the Life event is an open house format where people can see IT solutions in action and get feedback from the users.

How Does A Day In The Life Event work?

Attendees tour six stations and stay at each one for thirty minutes; each station showcases different “Day in the Life” demos and depicts how employees in multiple departments are empowered to make the right decisions at the right time due to an integrated MES and ERP system. The event offered a 360° view of the Epicor Manufacturing Suite as well as insight into how Encompass works with clients to make system recommendations, business process assessments, and overall IT support.

Encompass Solutions Holds ‘A Day In The Life Event’ At Kaufman Container

For our ‘Day in the Life Event’, local manufacturers in the Cincinnati area were invited to take an up-close, personal, and free tour of one of our Epicor clients, Kaufman Container, to see how they use Epicor ERP to grow and run their business. Being able to network with a leading packaging sourcing center in the United States with over 100 years of experience was an invaluable experience. Kaufman Container is a privately held, family-owned business which operates two key facilities in the Midwest. Prior to their Epicor implementation, Kaufman were running several non-integrated systems, and users were having to do each other’s jobs to keep things running smoothly. Now, they have streamlined their workflow and have reduced overhead cost by 30% with Epicor ERP 10.

With the face-to-face visibility of the Day in the Life event, we’re able to show all of the functionality of our systems, from Sales to Manufacturing, Production/Manufacturing Execution System (MES), Procurement, Finance, Reporting Dashboards, and more. Additionally, we were able to demonstrate the value of using MES and ERP solutions to collaborate with coworkers, connect financials and databases, access reports while remote, and communicate effectively.

Encompass is working to set up another open house event soon. If you’re interested in seeing how a new ERP system can revolutionize your business, checking out A Day in the Life is well worth the trip.

About Encompass Solutions

Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, and renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of Industry.

11
Jun 2015
1
na image of a team of erp provider, erp partners, and erp consultants

The ERP Consultant

The ERP Consultant: Delivering Support And Expertise When it comes to being an ERP consultant, nothing substitutes for

The ERP Consultant

Encompass Solutions , , , joes

The ERP Consultant: Delivering Support And Expertise

When it comes to being an ERP consultant, nothing substitutes for experience and reliable references. At Encompass, our ERP consultants have been delivering solutions in business process improvement, ERP system maintenance and upgrades, and complete ERP implementation projects for a combined 200 years. Our consultants have first-hand experience with an array of systems, including Epicor, Microsoft Dynamics, Infor, Accumatica, and Oracle+NetSuite. Many of our ERP consultants come directly from these vendors to work at Encompass as ERP consultants, project managers, developers, and managed services professionals. Our experts ERP consultants are certified in their disciplines and maintain the most current training on the products and services they provide.

The Difference An ERP Consultant Makes

Each ERP project is as unique as the business it will transform and our years of experience are what make the difference in each case. It is an ERP consultant’s job to form a practical plan of action that will achieve a client’s goals within the capabilities of their ERP system and business processes. In some cases, this requires a fair amount of customization when it comes time to implement ERP software. Helping businesses to get a grip on organizational change management in the face of often rigid business requirements is another aspect of digital transformation that isn’t brought up enough. Our ERP consulting teams excel in mitigating the potential pitfalls these changes can bring. At Encompass, we offer practical and proven guidance designed to ensure the highest rate of success when it comes to ERP implementation projects of every size and scope.

Here’s What A Day In The Life Of An ERP Consultant Looks Like

It’s 6:47 AM. The hotel shower doesn’t always wake you up all the way so I started the coffee maker going before I was even fully dressed. The warm plastic smell rising from the maker as the hot coffee winds around inside of it reminds me of that one injection molding company I was at last year. That was an impressive operation. They had good coffee, too. You’ll have a lot of insight into good and bad coffee as an ERP consultant.

I pour myself a cup and open up the computer. Technically, the day began about thirty minutes ago, but everything starts now with the morning deluge of emails. I’m totally awake now. There’s plenty for me to respond to, but I flag those requests for follow-up later: I’m on site today, and that is what I’ve got to focus on.

I’m at the client for a training class long before my future students arrive, and I talk with the Project Manager while I set everything up, ticking off the mental checklist as I do so: Projector hooked up and on. PC has access to the Training Database. List of who is attending and their roles is in my hand. So far so good. Time to find the restroom and get rid of the coffee.

This is the peaceful time of the morning when rote and routine gets you up and going and into the rhythm of the day. I finish setting objectives with the Project Manager and soon, the training class begins. I was up late reviewing the details last night; this should go off without a hitch. I’m a bit less confident about the Process Workshop coming up afterwards. I slept on one of their problems last night and a solution didn’t present itself in the morning, so now it’s time to drill down. This is where my fellow team members will lend a hand: technology keeps us ever connected so I am never on my own at a client’s. I feel like I carry our entire company’s knowledge base around in my pocket. It’s good to know we can always work as a team.

In the training class, we review standard, best practices in using the EPICOR software. Since this is our main objective, we listen just as often as we instruct. This is when I identify disconnects—real or imagined—and make connections. Since it’s often that I’m meeting these people for the first time, I need to learn their names and start to really understand them.

After training is lunch. There are a few minutes of respite from the busyness of the day but when I can, I’m responding to my morning emails and filing away even more for later response. Hardly any time seems to pass before the Process Workshop starts up, but this is the part I enjoy the most. We’re working on how to make EPICOR work for them. My questions come first: What are your issues, what information are you capturing, what metrics do you control your business by? If I get a clear answer they’re surrounded by their questions: Can we do this? How do we do that? We need to do this…?

Information spreads out across the meeting, and another consultant offers a solution to that tricky issue I had to sleep on last night, and it’s accepted by the company. Yet work has only just begun: there are a few new gaps in the process that need to be filled, and the working day is already over. I review the activities of the day with the Project manager, and then, as I’m off to the dinner and hotel, there’s just one final checklist: What’s on the agenda for tomorrow, what do I need to do tonight to get ready, and in the coming months, after I’m long gone, who can I expect to be speaking to?

After all, it never ends after the training and process workshops and implementation: I’m now a point of contact for that client and their support. While our implementation and planning and procedures are cutting edge, tailored completely to the customer’s needs, there is always room for more efficiency. Who better to advise them than the person who helped them set up and build their system?

It’s not just a day in the life of an ERP Consultant. It’s the first day of a lifetime of support and teamwork.

About Encompass Solutions

Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, and renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of Industry.