Finance & Accounting
Financial & Accounting Services
Strong financial metrics, reporting, and leadership are critical for any organization to succeed in today’s competitive environment. Warren Whitney provides a variety of project-based and fractional management services to help businesses improve fiscal responsibility, financial reporting, operational efficiency, and prepare for growth. Our financial and accounting professionals typically assist clients with strategic needs, and with several levels of expertise, we can also roll up our sleeves to help drive tactics once the strategies are determined.
Financial & Accounting Case Study — Interim CFO
After suddenly losing its CFO, a year-round resort needed a quick replacement who could manage financial operations, finish the year-end audit, support planning for a major capital expansion, hire and train a replacement, and understand the member-oriented aspects of the business. Having worked with Warren Whitney on a previous occasion, the client engaged us to serve as interim CFO.
Warren Whitney was able to step into the CFO role quickly and gain an understanding of the work that needed to be done. We spent three days per week at the client’s location. While serving as interim CFO of the organization the role involved:
- Maintaining the accounting and finance operation
- Introducing a new general ledger system
- Initiating and overseeing the installation of a data warehouse
- Hiring and training a new CFO
In addition to maintaining daily operations, Warren Whitney supported the organization in planning for a major capital expansion project, which included soliciting legal and investment advice regarding plans for a large conservation-easement, supporting a market analysis, and developing a best-use evaluation for support of the conservation easement tax credits.
During our tenure with the organization, we maintained daily operations and, moreover, introduced the new general ledger system, data warehouse, and supported the planning of a major capital expansion project. Warren Whitney supported the hiring of a new CFO, and trained the new CFO to ensure a smooth transition.
“Thank you for taking the time to respond to our needs in a timely manner. I had a very good feeling regarding both your technical capabilities as well as cultural fit. As we go through this transition, we are looking for a "steady hand" to lead our financial effort while noting other organizational areas in need of improvement - I am confident that Warren Whitney will be able to meet these requirements quite nicely.”