Contributing ideas and discovering new opportunities for our clients and our firm.
From management and administration of companies in special situations, to operational and financial restructuring.
We offer our services through our international partnerships: Mergers Alliance and Wil Group.
At NORGESTION we help companies maintain their operating performance and ensure their sustainability and future growth.
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The absence of the CFO in an organization can open a gap in the leadership team that can jeopardize the stability of the company, especially in situations of liquidity crisis, low profitability, questionable reliability of financial information or fraud by company managers.
Understanding the right moment for the incorporation of this figure and selecting the ideal professional to tackle the project or face a crisis can become a complex task. The CFO is a highly qualified profile that is difficult to find.
This is one of the reasons why more and more companies are opting for Interim Management in the financial area. Having independent expertise to accompany the management team in situations of development, change or transition has multiple advantages.
Timely, outward-looking and forward-looking financial leadership is capable of improving corporate culture and productivity.
The role of the Interim Financial Manager goes beyond finance and goes beyond the supervision of the general financial management of the company. It has become a strategic partner for many companies and private equity funds in their growth plans.
An Interim Chief Financial Officer provides the necessary economic and financial information to the different areas of activity and stakeholders, in order to optimize the company's performance.
The financial director of a company must be able to guarantee the economic and financial viability of the company and maximize its profitability through the efficient use of resources in the different areas of activity:
Interim financial management:
The CFO is a key figure in the transformation processes of companies, due to the transversal nature of the financial function and the leadership role he/she must play within the organization.
The CFO is responsible for the financial and management information that should be used to optimize decision making. For this reason, he/she must set the strategy in the definition of the company's information analysis model.
The company's business areas should consider the CFO as a strategic partner , since his support is essential to improve their performance and compare it with the budget and business plan forecasts, and to identify specific measures to help increase efficiency in the different activities carried out by these business areas.
Financial planning is the pillar on which strategic decisions such as business growth and its operational needs for funds, investment, financing operations, financial risk hedging and many others must be based. For this reason, the CFO must be the maximum responsible for the leadership in this critical function, which is financial planning.
When facing an international expansion process of a company, the financial management, with the CFO at the head, plays a key role because of the need to define new administrative and financial processes for the control of international operations, so that they become part of the business group in a consolidated way, not only at accounting level, but also at the level of all the Company's processes, especially those related to control and compliance.
In addition, the CFO must support this international expansion process in meeting new needs that arise, such as the search for new service providers or financiers.
Along with the internal audit and legal areas, the financial area plays a crucial role in the important mission of safeguarding compliance in a company. In addition to the financial nature of many of the obligations (registration of public information, tax reporting and payment of taxes, audits of financial and non-financial information...), the CFO must ensure strict compliance with many others, to avoid contingencies or dysfunctions in the normal course of the company's business.
In terms of control, the CFO is ultimately responsible, starting with financial reporting and continuing with the rest of the controls in the company's processes. By way of example, it is worth mentioning those concerning commercial transactions, manufacturing processes, investments, customer credit, and many other processes in which control is key to ensuring the Company's efficiency and profitability.
We are founding partners of WIL Group, an international group of firms specialized in "interim & transition management".
We operate in 37 countries and have 38,000 managers worldwide.
Jon Dorronsoro
Senior Advisor
"The Financial Management must be, eminently, the support of the rest of the areas of a company, with the objective of increasing efficiency in all its activities, thus creating a differential value that allows a better positioning in its market".
