As a distributor, the critical factors in your success include controlling transportation costs; managing cash flow through managing accounts receivable, inventory, and accounts payable; as well as controlling transportation and other indirect expenses. Your profitability and growth are increasingly driven by computerized processes and financial models. Knowing how to price your product as well as knowing the cost-effectiveness of different customer segments can be key to growing your business. Warehouse automation, automated shipping and tracking, even simple budgets, forecasts, and profitability projections depend on sophisticated ERP systems and the expertise to utilize the data and projections. And tax planning and government regulatory compliance continue to grow in complexity and importance for wholesalers and distributors.
Today, all firms need to be vertically integrated, whether physically or in the strategic planning process. Amazon has redefined B2C and is disrupting all consumer delivery services. Truck driver shortages have all but crippled the long-haul market, which has changed the way trucking companies hire and retain employees. It is no longer just a finance and accounting job; your CFO must be strategic and have master data analytics to help you compete in today’s world.
A Florida CFO Group partner will work with you and your management team for as little as a few days per month to full-time, helping you meet your challenges with the minimum of investment and without a long-term commitment.
Although your business faces unique challenges, our partners have dealt with most of them during their years of experience. Depending on your immediate needs, you may need a partner’s help with one or more of many areas, including: