Proctor, Crook, Crowder & Fogal, P.A., knows the Manufacturing Industry. Our Manufacturing Industry Group combines the industry experience of our audit, tax, data processing, computer technology and consulting department to provide solutions for your companies. We are flexible enough to serve the needs of small, medium and large manufacturers.
In addition to offering compliance services such as tax preparation and auditing, we provide management advisory services developed specifically for the manufacturer. These services, which include Controllership services, inventory control, improved banking relationships, cash flow forecasting, budgeting, strategic planning, internal control development, and monitoring key performance indicators, are designed to enhance profits and provide important and timely information for critical management decisions.
Our goal is to become the preferred services provider of business solutions in the manufacturing industry. A complete understanding of our client’s business and their short and long term objectives is essential to meeting this goal. We use our professional experiences and dedication to deliver practical solutions to business issues. Our business is making companies more efficient and more valuable.
Our scope of Manufacturing Services includes:
Cashflow Forecasting and Modeling
Do you know what your business’ cash gap is? It’s information you need to know if you want to maximize your growth opportunities, maintain healthy cashflow and control taxes. We can help you identify your company’s cash gap and develop strategies to meet your cash needs and goals.
Outsourcing and Supporting
Controllership Services We provide top level financial expertise to companies on an “as-needed” basis. This can be an attractive alternative to investing in a CFO or can help you through a difficult transition period by performing the daily accounting functions and month end closing procedures. Some of the areas we can assist you with are budgeting, operations, accounting procedures, and financial systems. We will also assist in implementing and monitoring financial reporting and in developing processes to enhance performance.
Key Performance Indicators
We will work with you to identify the dashboard indicators that are most critical to your success. By identifying and monitoring the activities in your business that have a direct impact on your profitability, you will be informed about the performance of your company on a real-time basis.
Strategic and Retirement Planning
Many factors can signal the need for professional strategic planning. Increased financial stress, the threat of competition, expansion or growth changes, and changes in the marketplace or regulatory conditions are just some of the factors that may trigger the need for formal strategic planning. An up-to-date strategic plan is the best way for a company to organize for success. It enables decision making towards a specific goal, rather than as a response to the actions of competitors. In addition, retirement planning and exit strategies should be part of the foundation of a thriving business.
Internal Control Policies
As organizations grow and seek a larger share of the marketplace, their internal controls also need to change. As businesses prosper and owners/key managers have less time to spend working in their business, they, perhaps unknowingly, place more reliance in others. Our job is to make recommendations that work to provide them with peace of mind so that they can work on their business rather than in their business.