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

 

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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.


In an industry like manufacturing that’s remained the backbone of economies all over the world for centuries, change has always been a constant. After all, transformation is at the heart of manufacturing, utilizing the resources and raw materials of the world to create objects that are more valuable than the sum of their parts. But in 2021, the world’s most valuable resource isn’t something that can be formed into a shape. Well, not exactly.

Here’s how Data and Analytics are destined to be one of the most valuable resources for manufacturers moving forward.

 

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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.


As the manufacturing sector is poised to enter a new era—with additive manufacturing, cluster manufacturing, and near-shoring—and as digitization of the shop floor is creating new connections and new data streams, the need for responsiveness is more critical than ever.

Organizations must turn the explosion of data they have into intelligence and insights to support real-time decision-making, at every level and across every function in the organization, and the extended supply chain. But over time, the ERP system—originally intended to automate and integrate business activities for improved productivity—starts becoming a real drag dragging down operational performance.

 

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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, 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.


Epicor ERP Operations Core includes key functionality to help you transform the way you run your business. Offering a solid foundation, it enables you to streamline the most important processes of your operation—from processing your orders and managing inventory, to successfully fulfilling your customer demands.

 

Epicor-ERP-Operations-Core-FS-ENS

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 the Industry.


Bracelet Manufacturing Group (BMG) is a U.S.-based contract manufacturer of precision machined parts and assemblies. Founded in 1950, the family-owned and operated company’s advanced engineering and manufacturing capabilities cover initial design, production, packaging, and shipping. Today, BMG delivers its manufacturing and supply chain management services to global customers in the aerospace, medical, energy, automotive, industrial, agricultural, ordnance, and oil and gas sectors.

Success Highlights

Challenges

  • Streamline and standardize operations across multiple geographies
  • Simplify the management of in-country legal, taxation, and accounting standards
  • Achieve a single, transparent view into global operations

Solution

  • Epicor® ERP

Benefits

  • Unified information flows enhanced decision-making across the business
  • Enabled business process reengineering with a global perspective
  • Fully aligned operations in U.S. and China with consistent, end-to-end business and costing practices

 

Epicor-ERP-Bracalente-CS-ENS

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 the Industry.


Headquartered in Hixson, Tennessee, Card-Monroe Corp. (CMC) is the world’s leading manufacturer of custom-built tufting equipment used to manufacture carpets for a variety of flooring markets and applications. This ranges from residential to commercial applications of carpeting, combining a vast array of textures and color options. This includes artificial turf for sports fields and hospitality carpet with sophisticated styles found in hotels, restaurants, corporate offices, and convention centers.

Success Highlights

Challenges

  • Integrate manufacturing, inventory control, and accounting processes into one comprehensive ERP system

Solution

  • Epicor ERP
  • Epicor Data Management Tool (DMT)

Benefits

  • Improved ability to manage customer orders from quote entry throughout production, shipping, invoicing, and follow-up
  • Enhanced shop flow and collaboration among employees resulting in efficiencies that reduced assembly cycle times by 30% and machine shop work-in-process by 40%
  • Transported more than 670,000 records during implementation from differing sources into the Epicor ERP solution with complete accuracy
Epicor-ERP-Card-Monroe-Corp-CS-ENS

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 the Industry.


Aerobiotix, Inc. develops, manufactures, and markets professional air treatment systems for the healthcare market. Since 2013, they have actively worked with administrators and facilities nationwide to evaluate air quality issues, set targets, and prescribe the appropriate solutions through careful cost/benefit analyses.

In May 2017, Aerobiotix launched their new HEPA Ultraviolet Air Recirculation System—the Illuvia 500UV—to capture five percent of the U.S. hospital system marketplace within the next two years. This objective is backed by efficacy studies showing that a single pass through the device eliminates bacteria and spore-related viruses by 99 percent.

Success Highlights

Challenges

  • Further company growth through the meticulous tracking of inventory, sales, purchases, and deliveries

Solution

  • Epicor® ERP Cloud

Benefits

  • Track the status and use of every machine in the production cycle at 30 separate hospitals nationwide
  • Improve sales tracking and performance
  • Easily transfer products and supplies from one location to another
  • Integrate general ledger functions
Epicor-ERP-Cloud-Aerobiotix-CS-ENS

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 the Industry.


Kadant Inc. is a midsize global supplier of high-value critical components and engineered systems for use in process industries. It focuses on papermaking, paper recycling, and other processing industries in over 18 countries worldwide—including the United States, the People’s Republic of China (PRC), and some European countries.

Success Highlights

Challenges

  • Lacked standardized global business management processes
  • China site previously had no ERP system

Solution

  • Epicor® ERP

Benefits

  • Synchronized global business on the same ERP platform
  • Improved operational efficiency
  • Avoided redundant engineering workload by over 40%
  • The simplified data retrieval process

 

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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 the Industry.


Kinematic has been a global supplier of automated manufacturing systems for the medical industry since 1980. The company develops small to large-scale custom, state-of-the-art manufacturing systems built to the exacting standards and strict compliance requirements of the medical and diagnostic industry, and utilizing the tenets of lean manufacturing. Capabilities include all aspects of machine design and development, fabrication, assembly, and testing, as well as machine installation, operator training, and maintenance.

Success Highlights

Challenges

  • Needed strong manufacturing ERP capabilities to support its low-volume build-to-order production environment
  • Desired real-time data access to improve efficiency, collaboration, and overall responsiveness
  • Needed to be up and running in a compressed five-month timeframe

Solution

  • Epicor enterprise resource planning (ERP)

Benefits

  • Improved functionality and easy-to-use user interface offer immediate access to data
  • Improved accuracy, collaboration, cycle times, and on-time delivery
  • Improved efficiency enabling the ability to support greater production volume with existing resources
  • New robust reporting capabilities enabled the retirement of the custom reporting system

 

Epicor-ERP-Kinematic-Automation-Inc-CS-EN

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 the Industry.


For the past 50 years, National Coating Corporation has specialized in the custom coating and saturation of any non-metal flat or rolled substrate. This includes enhancing the everyday performance and lifespan of materials used in automotive, industrial, commercial, aerospace, alternative energy, and consumer products worldwide.

Success Highlights

Challenges

  • Provide in-depth insights into company operations, while identifying new cost-saving methods and opportunities to develop products for a broader range of industries

Solution

  • Epicor® ERP

Benefits

  • Quicker, simpler-to-navigate access to nearly every application company-wide
  • Real-time access to actionable and accurate data that can increase revenues and cut costs
  • All-in-one package that includes accounting, payroll, labor, and inventory information with simple, easy-to-use dashboards

 

Epicor-ERP-National-Coating-Corp-CS-ENS

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 the Industry.