Blue Sky Functional Consulting

Cost Accounting Systems
Understanding the true product or service costs of a company is one of the most important components in running an enterprise. We drill down into business activities and gather detailed information about what drives costs in your company and accurately match them up with each product or service line to reflect reality. We also develop gross margin analysis programs for product by product or service by service profitability analysis so that pricing to your customers are made with open eyes.

Business Planning and Budgeting
Our ability to use state of the art business and strategic planning techniques drive creative thought processing that gets to paper and subsequent short term plans such as the company budget. We take you from the strategic plan to the monthly operating plan so that the entire team is moving in the same direction. Using bi-directional budgeting techniques allow us to tie together all of the components necessary for a powerful budgeting process.

Information Technology
We use a very simple but effective methodology to understand with a great degree of depth our client's current systems and processes in order to project out future needs in both software and hardware. Understanding the operation and any legacy systems in use are basic components that we key on in our systems analysis projects. Project management assistance from inception to implementation or just help to redirect current internal effort is also one of core competencies. Making sure companies receive the highest return on investment in technology is our central focus.

Human Resources
We provide assistance in areas from personnel policy and procedure development and implementation steps to employee compensation and benefits design to employee assistance programs with our mental health partner. Our partnering with your human resource professional can assure that your company is receiving up to date advice on employment best practices and procedures. With our sister company, we can design your health, disability and life benefits that are very valuable to your employees yet cost effective to you.

General Accounting
Many firms ignore fundamental areas that create higher accounting fees from their public accountant or worse such as government or insurer audit problems. We can properly design your general ledger to match your operations as well as daily, weekly, monthly and annual processes and procedures so your internal staff can excel in their positions and eliminate your worry. Getting good numbers are fundamental in running a successful business and it starts here.

Corporate Governance
Advisory service in assuring that your company fulfills all of the necessary statutory requirements as well as helping to formulate agendas that cover topics that push management to profitably execute strategy. Family owned businesses and companies with limited shareholders sometimes have great need to openly discuss and debate company matters in formal settings in order to keep the business on a positive track. We can help minimize the non-productive subject matters that may occur.

Cash Management
Cash is the lifeblood of any company and as such, should be preserved and invested wisely. We assist our clients in managing accounts receivable, collection processes, inventory and payable turnover, as well as providing in depth financial analysis of capital projects for decision support, cash reporting and bank cash management product analysis. Getting money in the business and using it to yield the highest rate of return is our primary objective.

Operations Audit and Profit Hunts
Our operations audit programs not only diagnose control, risk, efficiency, and quality issues but flush out areas for improved profit. Cost reduction through process improvements as well as alternative revenue streams are critical targets for our operational reviews. We also use a customized form of our audit program for turnaround situations as well.

Bank Relationship Management
We can assist our clients in meeting with their bankers in order to help the communication process whether the objective is minimizing the cost of the loan, negotiating terms, providing workout solutions or just providing the information required by the lender. Our understanding of the banks need helps us to protect our client's interest.

Mergers and Acquisitions
If you are looking to sell your business or acquire one, we can assist in both areas. We have a team of experienced legal and accounting providers that specialize in mergers and acquisition work including business valuations. With our operational depth, we can help navigate the due diligence minefield like no other firm can. We know how to uncover problems or unforeseen opportunities.

Government Finance and Procurement
Small business access to capital is virtually closed off unless one has substantial personal wealth. Our team has had successful results in accessing many government programs and creatively getting them to work for small businesses. Having knowledge in this arena as well as putting together the necessary documentation so that requests are expedited and not held up are areas we can help you with.

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