Successfully Navigating Complex Business Environments
Providing Fractional CFO Services to Privately Held Companies...
- Strategic Planning
- Cash Flow Management
- Financial Reporting
- Access to Capital
- Exit Strategy
- Play Book Implementation
- CMG - Course Made Good
The phrase "Course Made Good" comes from navigation and maritime contexts, where it refers to the actual path traveled by a vessel over the ground after accounting for influences like currents and winds. In business, this concept can serve as a metaphor for achieving intended results despite external challenges.
CMG Financial Solutions: Company Overview and History...
About CMG Financial Solutions
CMG Financial Solutions has been a trusted partner for privately held companies since 2016, driving profitable growth and creating long-term value. Our expertise lies in helping businesses secure the capital they need for working capital and expansion while enhancing overall financial health and operational efficiency.
Key Services and Achievements:
- Capital Acquisition: Facilitated funding for working capital and growth initiatives, ensuring businesses have the resources to scale effectively.
- Working Capital Management: Improved cash flow and optimized the management of working capital, leading to stronger liquidity and operational resilience.
- Capital Expenditure Rationalization: Assisted companies in prioritizing and streamlining capital expenditures to maximize return on investment.
- Mergers and Acquisitions (M&A): Managed acquisition processes from both the buy and sell sides, supporting strategic growth and successful deal execution.
- Financial Professionalization: Transformed accounting and finance functions, implementing best practices in cash management, financial reporting, and performance benchmarking.
- Operational Excellence: Introduced weekly and monthly reporting cadences to improve visibility and decision-making. Developed internal staff through training and created comprehensive playbooks for standard operating procedures.
Our Approach:
CMG Financial Solutions partners closely with companies to understand their unique challenges and opportunities. We implement tailored solutions that not only drive immediate results but also position businesses for sustainable growth. By professionalizing internal processes and enhancing financial visibility, we empower companies to navigate complex financial landscapes with confidence.
At CMG Financial Solutions, we believe that strong financial foundations are key to unlocking growth potential. Our commitment to excellence and collaboration has made us a trusted advisor to businesses seeking to thrive in competitive markets.
Areas of Focus...
- Financial Reporting and Analysis
- Growth Strategies
- Operations Enhancement
- Capital Management
- Access to Capital
- Professionalizing Finance Function
- Exit Planning
What We Do....
Strategy and Planning
Financial Reporting and Analysis
Strategy and Planning
- Budgeting
- Long Term Planning
Cash Flow Management
Financial Reporting and Analysis
Strategy and Planning
- Monitoring Cash Flow
- Working Capital
Financial Reporting and Analysis
Financial Reporting and Analysis
Financial Reporting and Analysis
- Monthly Reporting
- Profitability Analysis
What We Do...
Access to Capital
Exit / Investment Strategy
Exit / Investment Strategy
- Banking Relationships
- Operational Efficiencies
Exit / Investment Strategy
Exit / Investment Strategy
Exit / Investment Strategy
- Preparing Company for Transaction
- Due Diligence and Valuation Analysis
Compliance
Exit / Investment Strategy
Compliance
- Regulations
- Mitigate Financial Risk
Don King, Partner
Don is a seasoned finance professional with over 30 years experience in a combination of both public and private companies.
Don brings a strategic perspective to the CFO role and partners with senior leadership, accounting leadership and service providers to ensure appropriate, accurate and timely information is available to leadership to ensure a high level of quality in the decisions being made.
Don's experience includes larger publicly traded companies as well as smaller, closely held companies and includes companies in the international arena as well as domestic companies in a wide range of industries including manufacturing, construction and the service sector. As a senior executive, the overriding theme in Don's career has been to establish scalable, professional environments where the owners are receiving all the information they need to successfully grow their business and create value. This includes early stage companies, distressed/underperforming companies as well as laying the foundation to strategically grow companies either organically or through acquisition. In all cases, the overriding theme throughout Don's career has been to create environments that have led to the creation of value for the owners.
Some highlights of Don's career include:
- Established budgeting processes in multiple environments from creation to 1-5 year financial budgets with associated operating plans with full suite of financials and related KPIs to measure actual operations against.
Professionalized the accounting function by standardizing reporting structure and process and upgrading talent.
- Established banking/insurance relationships resulting in growth related credit facilities, working capital LOCs, performance bonds and reduced commercial insurance costs.
- Led multiple transaction processes including financial, legal and overall business process to ensure success.
- Designed and implemented operating metrics reports. Revealed and reversed adverse trends and improved productivity which led to a 16% reduction in workforce and a corresponding improvement in gross margin.
- Established baseline costing model to ensure sales force is selling the right products to the right markets at the right price to yield the highest margin. Improved margins on new business by over 20%.
- Led enterprise wide process improvement programs to reduce cash conversion cycle by 20%
- Professionalized Risk Management function and reduced accidents (auto and workers comp) by 44% reduced commercial insurance premiums by 31%.
- Professionalized IT function resulting in improved focus on objectives aligned with the strategic direction of the company. Reduced consulting expense and upgraded internal talent.
- Improved the quality of the fleet and reduced fleet costs by 27% by establishing a formal fleet maintenance/replacement program.