Frank Armenio, B2B CFO®
Providing CFO services in Franklin, MA and surrounding areas

Cash Management is a critical activity for companies of all sizes.  Assuring that a company has sufficient funds when and where they are needed, is a constant challenge for financial managers.

When a company has sufficient cash to finance its business plans and cushion economic downturns, it can confidently focus on business operations.  But a business suffering from inadequate cash levels must constantly reexamine and modify its plans, exerting enormous energies to obtain and keep additional financing.

Creating cash management awareness is not an easy task.  There have been differences in cash management practices between larger and smaller companies.  Larger companies usually have economies of scale that justify a specialized financial function that deals specifically with a company’s cash management practices and systems.  Small businesses instinctively entrust the CFO to control whether the company will have the cash sufficient to meet needs and plans.  However, many small to mid-sized companies cannot detect direct relationships between and the companies transactions in the accrual-based accounting records.  In today’s challenging economic environment the organization’s ability to manage cash is critical.  The partners in our organization have vast cash flow management experience and can show how such relationships can be found, enabling the company to manage cash flows and forecast cash monthly or, if needed, weekly or even daily.

Even when borrowing rates are low, small to mid-sized business owners should count on their finance team to stretch resources as far as possible.  This economizing means that a CFO should help their companies collect cash as soon as possible, keep cash as long as practicable, use all idle cash as profitably as feasible, organize their bank account structures efficiently, select cost-effective bank cash management services, and develop efficient cash forecasting  systems.  A company that manages its cash effectively can borrow less, invest more, and repay debt sooner.  Our expertise can assess the potential benefits from accelerating collections, retaining cash, and using idle cash.  We can also discuss cash management techniques that companies of any size can use to stretch their cash resources.

The major areas that would be reviewed are as follows:

• Analyzing the Current Situation
• Understanding the Company’s Operating Cash Cycle
• Forecasting Future Cash Positions
• Investing Idle Cash
• Optimizing Float
• Administrative Considerations:  Bank Fees and Controls
• Cash Reporting

B2B CFO NAMED IN PRESTIGIOUS INC. 5000 LIST
184% Growth Earns B2B CFO Spot in the 2010 List of Fastest Growing Companies in America

Phoenix, Ariz. August 24, 2010 — B2B CFO, nation’s largest provider of CFO services to small businesses, has been named to the prestigious Inc. 5000 list of fastest growing companies in America.

Now in its 29th year, Inc. Magazine’s annual ranking judges US-based and privately held companies by their revenue growth. This year’s list was ranked on the percentage in revenue increase from 2006-2009. B2B CFO’s growth earned 84th place in its industry.

“There are approximately 27 million small businesses in the U.S. today,” said Jerry L. Mills, founder and chief executive officer of B2B CFO, “It is a huge honor to be among the fastest growing and the most successful businesses in the country. Our firm has experienced tremendous growth over the past few years and we are on track to continue expanding. I am especially grateful to all of the firm’s dedicated Partners who continue to advocate our services around the nation.”

In a personalized letter congratulating B2B CFO on this accomplishment, Jane Berenston, editor-in-chief of Inc. Magazine’s wrote “Congratulations: your company, B2B CFO, has made the 2010 list of the fastest growing private companies in America. This achievement puts you in rarefied company, especially if you consider that over 27 million businesses are registered in the USA. The elite group you’ve now joined has, over the years, included companies such as Microsoft, Timberland, Visa, Intuit, Jamba Juice, Oracle, and Zappos.com. I look forward to congratulating you in person in Washington, D.C.”

B2B CFO’s growth is reflected in numerous awards this year. The company was also recently named in ACE Corporate Growth Awards, which recognized the most successful and fastest growing companies in Arizona.
In August 2010, B2B CFO has grown to 170 Partners across 39 states, representing 5,000 years of cumulative experience. Each Partner is a seasoned financial executive who serves as CFO to growing businesses on as-needed basis. Approximately 80% of the Partners have a background that includes senior executive positions at the Big Four, and all of the Partners have held high level executive finance positions in various industries in corporate America. Together, B2B CFO Partners work with more than 500 businesses in the nation with combined annual sales of more than $3 Billion.

Jerry L. Mills and many of the B2B CFO Partners regularly dedicate time to educate business owners on financial matters. Mills is a frequent speaker and contributor and has been featured on many national media networks including FOX Business, Fortune Small Business, Smart Money and many others. Mills is also the author of The Danger Zone – Lost in the Growth Transition, and Avoiding The Danger Zone – Business Illusions, both business non-fiction books that help entrepreneurs understand and build a strong financial strategy.

“We look forward to participating in the Inc. 500|5000 conference in Washington, DC this fall,” added Mills. “Along with my colleagues, I look forward to the October 2nd awards ceremony and to meeting the entrepreneurs that created the other 5000 fastest growing companies in America.”

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for todays innovative company builders. Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.

Inc. Magazine’s 29th annual Inc. 5000 ranking of the fastest-growing private companies in the country is available online at www.inc.com/inc5000/list

ABOUT B2B CFO
Headquartered in Phoenix, Ariz., the firm was founded in 1987 by Jerry L. Mills. B2B CFO is the nation’s largest CFO firm serving entrepreneurial, growth and mid-market companies with revenue under $75 million. The firm’s partners have an average of 25 years of experience and each individual partner is a senior level executive with a broad range of expertise. Please visit online at www.b2bcfo.com