Helping businesses grow and profit since 2012.
I started my career with Accenture where I designed and implemented financial systems and conducted strategic plans. After Accenture, I worked for a private equity group in one of their operating companies. My experience has exposed me to a number of industries including manufacturing, construction and financial services. In addition, I was President and part owner of a specialty construction company. In 2012, I decided to become a Contract CFO and use my finance expertise to help businesses implement new accounting processes to improve their scalability and profitability. I have my MBA and I am a licensed CPA.
Services Provided
- Detailed analysis of revenues and expenses to identify trends and opportunities for profit improvement
- GAAP compliance
- Job costing
- Cash flow forecasting and modeling
- Financial evaluation and projections for acquisitions and expansions
- Profit analysis by service or product line
- Business planning
- Preparation of monthly financial statements and customized reporting packages
- Evaluation of monthly performance and trends
- Analysis of actual versus expected results
- Development of metrics to track key indicators
- Management of accounting personnel
- Selection and implementation of accounting software
Audio/ Visual
Services provided: Internal controls review, cash flow planning, product line profitability analysis, and labor utilization tracking.
Results include: Reduction in job costs from 55% to 49% of revenues.
FRACKING
Services provided: Job costing, pricing models, financial projections for expansion opportunities.
Results include: Developed accurate pricing models, and reduced production costs from 69% of revenues to 62%.
Technology
Services provided: Financial review, cash flow planning, job costing, and pipeline assessment.
Results include: Net income increased from 1% to 5% of revenues.
Construction
Services provided: Financial review, detailed job costing and business planning.
Results include: Net income increased from breakeven to 11% of revenues. Production costs reduced from 67% to 60% of revenues.
Manufacturing
Services provided: Internal controls review, revenue and cost trend analysis and cash flow forecasting.
Results include: Reduced production costs from 59% of revenues to 55% and identified low return overhead expenditures.
Equipment Sales & Service
Services provided: GAAP compliance, production performance metrics and ROI for capital investments.
Results include: Doubled Return on Revenues for the company.
Marketing
Services provided: General accounting services, cash flow management and production planning.
Results include: Increased revenue per production employee by more than 12%.
Why Contracting a CFO is right for your business
Three reasons: Excellent communication skills, technology expertise and a track record for turning around difficult situations. As your Contract CFO, you can expect:
- Improved understanding of costs and relationships to production volumes
- Improved accuracy and usefulness of financial reporting
- Improved cash flow forecasting
- Improved risk management
- Better trained accounting staff
- Professional oversight and analysis of financial side of business
What Clients are Saying
"Allen has worked with Eli since 2013. We had suffered through 5 years of downturn and were in survival mode. Allen came in and helped us focus on the important aspect of profit. He is a great mediator in a family business. Best decision I ever made." - ELI Electric
“Allen not only cleaned up some of our “non-GAAP” practices, his timely and thorough financial analyses helped me see where were my company needed to spend more time and effort, and where to spend less, in order to stay profitable." - Integrated Media Systems
“Allen is always in the trenches, so his perspective is real-world and dead-on.”
Schedule a free consultation.
Feel free to contact me at allen@allencorey.com or 205-401-6464. You can also fill out the form below and I will contact you.