Effectiveness.
Experience.
Modernity.
External Chief Financial Officer for Your Company.
What is MyCFO?
MyCFO is a team of experienced and qualified Chief Financial Officers (CFOs).
We help medium and large entrepreneurs to grow and safely scale their business. Our CFOs have gained experience as: directors, managers, analysts, advisors in corporate and SME banking, CFOs, financial controllers, as well as Regional CFOs and Management Board Members in Shared Services Centres in capital groups with global reach.
Our team
What does your company gain?
Financial benefits
Experience in negotiating with financing institutions, optimising costs and increasing the efficiency of your business
Cost-effective solution
For a company with a turnover of up to PLN 50 million, 20-40 hours of CFO work per month is sufficient. Our services are an excellent alternative to a full-time employee.
Efficiency
We have many years and a wealth of experience in transaction execution, which is reflected in our high efficiency.
Network of contacts
Over the years, we have built a robust network of contacts that you can now benefit from. These include specialists in the areas of banking, law, taxes, grants and insurance.
Scaling up your business
We have proven time and time again that our customer’s business can scale up to several times its size. Choose to grow your business with MyCFO!
Quick to act
We understand financial processes, we know how to carry them out and implement them efficiently. Let us do it for you.
Our customers
Partners
Grants
Law and Taxes
Insurance
Law and Taxes
TSL Partnership
Process Improvement
Process Improvement
Business Association
Services
FINANCING
- we provide access to the best sources of financing,
- negotiate terms with banks, and optimize security structures,
- guide you through the credit processes to increase financial stability and grow your company
SCALING
- we assist in safely scaling your business,
- support expansion into domestic and international markets,
- adjust your resources and minimize risks
STRATEGY
- we help chart the right course to achieve your business plans,
- lay out a roadmap for setting goals and strategic plans,
- identify development directions to ensure competitiveness and sustainable growth
EXPENSE ANALYSIS
- we enhance financial efficiency by analyzing your company’s expenses and identifying cost reduction areas,
- implement appropriate optimization strategies to maximize your profits
INVESTMENTS
- we advise on proper investment preparation,
- create advanced financial models and business plans,
- provide market analysis and knowledge,
- adjust assumptions with you to maximize investment returns
PROCESS IMPROVEMENT
- we enhance operational efficiency through analysis, controlling, process optimization, and implementation of best practices and technologies
PLANNING
- we support in developing operational and financial plans and project management, ensuring operational liquidity and goal achievement
BUDGETING
- we assist in creating realistic budgets, monitoring finances, and adjusting strategies to changing market conditions to effectively manage finances
Transaction preparation (application documentation)
- support in the development of the concept,
- financial modelling (assumptions, profitability, return rates, cash flow),
- teaser,
- business plan, forecasts, analyses.
Business relationships with financing institutions
- preparation of complete application documentation,
- conducting loan processes,
- conducting Q&A sessions
- negotiations and optimisation (prices, clauses, collateral, additional conditions)
Start-up and settlement of financing
- verification of documentation + assistance during agreement signing and product launch
- preparation of documentation for starting financing / disbursement of individual loan tranches,
- final settlement of investment, preparation of budget execution documentation.
Follow Up / monitoring
Implementation of Reporting
- Sales results (Profitability by product, service, employee, sales region, company)
- Production (Cost of producing a product, Product profitability, Fixed costs, Variable costs)
Increased efficiency
- increase results by implementing cost optimisation ideas, reducing losses on unprofitable projects, reinvesting and improving areas of highest profitability
Optimisation of current legal and tax structures
Support and coordination in succession processes
Support and coordination in M&A processes (Mergers, Acquisitions)
Support and coordination in Due Dilligence processes
Support and coordination in the processes of preparing application documentation
Support and coordination in the process of settlement and monitoring of co-financing
Completed projects
INVEST PARK HAWRYLUK SP.J.
Industry: Rental of Property – Logistics Centre
Project: Logistics and storage centre
Amount: 22,600,000 PLN (4,850,000 EUR)
Product: Investment loan
Period: 15 years
Objective 1: Refinancing of the construction of 1st stage in the old bank
Objective 2: Financing of the extension of the 2nd stage in the new bank
Objective 3: Reduction of financing costs by currency translation Objective
4: Reduction/Optimisation of collateral
EVEREST NIERUCHOMOŚCI SP. Z O.O.
Industry: Real Estate – Offices
Project: 1 Office Building + 1 Office/Warehouse Facility
Amount: 20,000,000 PLN
Product: Mortgage Loan
Period: 10 Years
Objective 1: Refinancing short-term bonds with a long-term loan
Objective 2: Reducing financing costs Objective 3: Improving the company’s financial liquidity
KSH SP. Z O.O.
Industry: Assembly of Steel Structures
Project: Purchase of Liebherr LTM 1070 crane
Amount: 3,600,000 PLN (783,000 EUR)
Product: Operating
Lease Period: 7 years
Deposit: 25%
Buyout: 15%
Total Fees: 117%
EURIBOR1M: 3.86%
HK CONCEPT
Amount: 9.500.000 PLN
Product: Purchase of Commercial Property
KSH INVEST SP. Z O.O.
Industry: Rental of Property –Shopping Mall
Project: Galeria Krotoszyńska
Amount: 14,500,000 PLN
Product: Jessica loan, Investment loan, Supplementary loan.
Period: 10-20 years
Objective 1: Refinancing of 1st stage in the old bank
Objective 2: Financing of the extension of the 2nd stage in the new bank
Objective 3: Reduce financing costs by using Jessica Loan (BGK), financing below 1% fixed rate%
CZEJ-DAG
Industry: Agribusiness
Project: Purchase Loan – only 2% annually
Amount: 18.000.000 PLN
Product: New Financing
Objective 1: New Financing for Purchase Loan
Objective 2: Refinancing of Investment Loan: additional 1.882 million PLN
Objective 3: Savings: over 1.443 million PLN !
WCF – Health, Medicine, Education
Industry: Medical
Amount: 8.000.000 PLN
Objective 1: New Financing
Objective 2: Refinancing
Objective 3: Financial Cost Savings of 4% Annually
KSH STEEL SP. Z O.O.
Industry: Assembly of Steel Structures
Project: Purchase of Mercedes-Benz AMG G63
Amount: 780,000 PLN
Product: Operating Lease
Period: 5 Years
Deposit: 10%
Buyout: 1% Subject:
Mercedes-Benz AMG G63
Total Fees: 103.02%
LEBAL S.A.
Industry: Distribution of Steel
Project: Purchase of goods
Amount: 10,000,000 PLN
Product: Overdraft facility
Period: 1-2 years
Objective 1: Financing of day-to-day business activities (inventories, receivables)
Objective 2: Increase of financial liquidity
LEBAL S.A.
Industry: Wholesale Scrap Trade
Project: International export of scrap by vessels
Amount: 40,000,000 PLN
Product: Multi-purpose line
Period: 1 year
Objective 1: Financing the purchase of scrap for export
Objective 2: Storage of warehouse stock
BEAUTY INDUSTRY
Industry: Beauty
Project: Refinancing and New Financing
Amount: 4.000.000 PLN
NOBILIS SP. Z O.O.
Industry: International trade / catalyst recycling
Project: Financing the purchase of goods
Amount: 70,000,000 PLN
Product: Change of Structure + Increase in financing (overdraft facility, full factoring, reverse factoring)
Period: 1-2 years
Objective 1: Refinancing of overdraft facility and full factoring
Objective 2: Increase of financing by PLN 20 million – financing expansion/development
Objective 3: Decrease in the amount of mortgage collateral
Objective 4: Elimination of personal sureties of partners
Objective 5: Reduction of financial costs by more than 200 thousand a year
JURGA
Industry: Professional Construction Chemicals and Cleaning Agents
Project: New Financing
Amount: 4.000.000 PLN
KSH STEEL SP. Z O.O.
Industry: Construction of Steel Structures
Project: Contract / Delivery and assembly of steel structures
Amount: 15,000,000 PLN
Product: Loan for a specific contract
Period: contract duration
Objective 1: Financing the costs of purchasing materials and production costs for the execution of the contract
Objective 2: Increase of financial liquidity
LEBAL S.A.
Industry: Steel Distribution / Construction of Steel Structures
Project: Storage/production property 24,000 m2
Amount: 6,000,000 PLN (1,250,000 EUR)
Product: Investment loan
Period: 10 years
Objective 1: Purchase of property from Syndicate
Objective 2: Reduction of financing costs by currency translation
BSI CONSTRUCTION SP. Z O.O.
Industry: General contracting
Project: Financing of contracts
Amount: 8,500,000 PLN
Product: Guarantee facility, overdraft facility
Period: 1-2 years
Objective 1: Financing of contracts (materials, subcontractors)
Objective 2: Performance bond, Retention bond, Return of Advance Payment
Objective 3: Increase of financial liquidity
KSH STEEL SP. Z O.O.
Industry: Construction of Steel Structures
Project: Equity Release and the payment of dividends from recent years
Amount: 16,000,000 PLN
Product: Mortgage Loan
Period: 10 years
Objective 1: Conversion of short-term financing to long-term
Objective 2: Increase of financial liquidity
Objective 3: Payment of dividends previous years
Objective 4: Reduction of financing costs
Plan Offer
| Basic | Plus | Premium | |
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Implementation/Adaptation of MyCFO
This is the time we want to use to get to know each other better, to understand your needs related to the development of your company. We need to thoroughly review the financial documentation and have a good understanding of how your company operates. Among the most important things are the financial results for the last 3 years, sales and cost structure, employment structure, current reporting, budgeting, and settlement systems, investment plans, credit, factoring, and leasing agreements, as well as insurance programs. |
4 weeks | 6 weeks | 8 weeks |
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The number of planned client meetings |
1 per month | 2 per month | 3 per month |
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Ongoing Remote Support Business and Strategic Advisory |
unlimited | unlimited | unlimited |
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Banking Services
Within our banking services, we:
In this section, we DO NOT handle acquiring new financing – that’s done within a project. |
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Leasing and Factoring Services
Leasing: Faktoring: Within our service (up to 10 leasing agreements per year or up to 2 factoring transactions per year):
In this section, we DO NOT handle acquiring new financing – that’s done within a project. |
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Insurance Services
Within our service:
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Preparation of Financial Forecasts
Preparation of Financial Forecasts for the next 1-3 years ahead for the needs of the Board/Banks/Project. Verification of historical results (averages, one-time events). Agreement on assumptions for forecasts with the Management and Accounting. Updating forecasts in case of changes in the business model.
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Financial Results Reporting
Financial Results Reporting |
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Key Performance Indicators (KPIs)
Key Performance Indicators (KPIs) |
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Budgeting
We prepare budgets with the client on an annual, quarterly, or monthly basis, based on which they can set plans/budgets for individual departments/employees. The budget should include all assumptions from the Management and calculations of planned results. |
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Managing Financial Liquidity
Conducting an analysis of the client’s financial accounting systems to:
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Controlling / Expense Analysis
We conduct a comprehensive analysis of expenses within the company through the lens of the business it conducts. Are there any excessive costs? Are they optimal? Where are the areas for expense reduction/savings? Optimization recommendations. |
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Resource Planning and Optimization
In this area, we conduct:
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Incentive Plans / Bonus Systems |
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Tax Strategies
Collaboration with External Tax Advisors to tailor the best legal and tax structure to the client’s business. |
optionally | optionally | optionally |
Poznaj naszą ofertę planów i pobierz pdf
Funding Acquisition Offer
Our offer includes, among others, the implementation of the entire process of acquiring investment financing, working capital financing, leasing, or real estate financing.
Check below what our offer includes and contact us for an individual valuation of your project!
- Meeting at the client’s office or remotely (management, accounting)
- Documentation analysis
- Financial Model Preparation
- Teaser Preparation
- Business Plan Preparation
- Financial Forecast Preparation
- Preparation of Inquiry to Financing Institutions
- RoadShow – meeting with Banks to determine financing possibilities and RoadMap for further processing
- Preparation of a set of documents and applications (from at least 2 Financial Institutions to reduce the risk of refusal)
- From 2 to 5 series of analyst questions in the credit process
- Additional documentation completions (reports/analyses)
- Negotiation of financing terms (collateral, financing costs, clauses, activation conditions, monitoring conditions)
- Optimization of collateral in terms of LTV%
- Coordination and review of prepared loan agreements
- Verification, negotiation of provisions, assistance in signing loan agreements
- Preparation of documentation necessary for product launch
- Control over the proper establishment of collateral
- Preparation of instructions and documentation for launching financing tranches
- Monitoring the feasibility of contractual indicators on quarterly/annual cycles
- Questions & Answers for monitoring + documentation supplements
Read our latest posts
Career
Check who we are currently looking for?
We are MyCFO and we are forming a team of experienced Chief Financial Officers (CFOs), who have gained experience as Directors, Managers, Analysts, Advisors in Corporate and SME Banking, CFOs, Financial Controllers in Medium, Large, and SME Enterprises, Regional CFOs, Board Members in Shared Service Centers in Global Capital Groups. We assist medium and large businesses in development and safe scaling of their businesses.
What we offer?
Your responsibilities
Additionally, you will stand out if you:
We are MyCFO, and we are forming a team consisting of experienced Chief Financial Officers (CFOs) who have gained experience as Directors, Managers, Analysts, Advisors in Corporate and SME Banking, CFOs, Financial Controllers in Medium, Large, and SME Enterprises, Regional CFOs, Board Members in Shared Service Centers in Global Capital Groups. We assist medium and large businesses in development and safe scaling of their businesses.
What do we offer?
Your responsibilities:
Our requirements:
We are MyCFO, and we are forming a team consisting of experienced Chief Financial Officers (CFOs), who have gained experience as Directors, Managers, Analysts, Advisors in Corporate and SME Banking, CFOs, Financial Controllers in Medium, Large, and SME Enterprises, Regional CFOs, Board Members in Shared Service Centers in Global Capital Groups. We assist medium and large businesses in development and safe scaling of their businesses.
What do we offer?
Your responsibilities:
Our requirements:
FAQ
90% of the time – Planning for the future
10% of the time – Day-to-day operational control
Main responsibilities
– Acting as the main financial advisor of the company
– Advising the Management Board or Chief Financial Officer on financial matters
– Managing financial controllers and the finance department
– Development of financial strategies
– Development of a revenue increase plan
– Debt, equity and investments management
– Overseeing security, risk management, insurance and various types of fraud
– Implementing technological solutions in the scope of accounting automation
– When the company grows and develops rapidly and financial management becomes very intricate, requires oversight and a plan. In most cases, this is usually the 5th year of the company’s operation.
– If the company has a plan to raise investment capital or is in the midst of an investment process, the Chief Financial Officer can help attract investors.
– When the company wants to optimise spending and increase its efficiency.
– When the company wants to manage its financial reporting.
– When the company is committed to ensuring financial stability and long-term strategy.
– When a company is planning acquisitions or consolidations, the CFO can manage the financial merger and integration process.
First of all, an experienced CFO should have:
– Analytical skills
– Leadership skills
– Strategic planning
– Risk management
Other important skills:
– Communication
– Entrepreneurship
– Financial reporting
CFO:
90% of the time – Planning for the future
10% of the time – Day-to-day operational control
Main responsibilities
– Acting as the main financial advisor of the company
– Advising the Management Board or Chief Financial Officer on financial matters
– Managing financial controllers and the finance department
– Development of financial strategies
– Development of a revenue increase plan
– Debt, equity and investments management
– Overseeing security, risk management, insurance and various types of fraud
– Implementing technological solutions in the scope of accounting automation
Financial Controller:
0% of the time – Planning for the future
100% of the time – Day-to-day operational control
Main responsibilities
– Accounting department management
– Management of liabilities and receivables
– Payroll processing
– Ensuring that invoices are accurate and approved for payment
– Managing financial accounts
– Collection and debt management
– Management of external audits
– External financial reporting (financial statements, tax returns)
– Conducting internal financial analyses
– Preparation of reports for the CFO
There are many new consulting firms providing external CFO services. Unfortunately, the development of the industry does not go hand in hand with quality, qualifications and professionalism. We observe competitors offering the services of CFOs by people who in fact have never worked in this capacity or have only worked as Financial Controllers. The difference between a CFO and a Financial Controller is huge. The CFO spends 90% of their time planning for the future, 10% of their time on day-to-day operational control. The Financial Controller devotes 100% of their time to day-to-day operational control.
We believe that your company deserves to have your assets and finances managed, by the best. MyCFO is a team made up of experienced and qualified specialists.
We publish our qualifications and experience on LinkedIn. Feel free to compare us with our competition!
We believe that every company deserves a professional approach to finance. An hourly CFO service is a cost-effective solution. You don’t have to maintain an expensive full-time position in your company and wonder what exactly your CFO does and whether they are productive. You can take advantage of flexible hourly packages for just ‘part-time’. We know from experience that in order to benefit from a full-time CFO, handling multiple entities (groups of companies) is required. We believe in efficiency and productivity therefore our service is similar to the Pay-Per-Use model. We bill for each EFFECTIVE hour based on monthly reports generated by the system.
First stage – Free Meeting/Consultation
Analysis of needs, development plans, current problems.
Determination of the scope of business relationship, selection of appropriate partnership model (package/project). Partnership offer/agreement/timeframe.
Second stage – Action Plan
Analysis of the current financial situation (Audit).
Development of the action plan for 3/6/12 months.
Development of the action strategy for 3-5 years.
Third stage – Implementation
Optimisation of the financing structure, collateral, covenants (responsibility for contact with financial institutions)
Optimisation of cost structure, level of current assets.
Budgeting Development of incentive systems
Assessment of investment projects, financial modelling,
Contact and partnership with auditors, banks, insurance companies, investors
Coaching/mentoring of customer’s financial/controlling/accounting department and quality/quantity/time supervision
Kontakt
