Strategic Financial and Regulatory Management Services

New food businesses and those that are pivoting to respond to changes in their business environment often need new strategic perspectives coupled with sound financial management.

Food Methods is pleased to provide Strategic Financial and Regulatory Management (aka Contract CFO) Services to select food business clients. This specialized offering leverages the unique capabilities Food Methods brings including: accounting & finance, business strategy, food science and technology, and information technology.

Retaining Food Methods for Strategic Financial and Regulatory Management Services enables your business to benefit from the best Food Methods has to offer while maintaining the utmost in flexibility and responsiveness. This helps your business to prosper - even under the most challenging conditions.

The role of the CFO has been evolving significantly and is now often seen as a strategic partner and advisor to the CEO and leadership team. The descriptions below provide an overview of some of the ways in which Food Methods can help your business grow.

Accounting and Financial Management

• Accounting information systems implementation
• Accounting and financial workflow development
• Financial statement preparation and reporting
• Forward-looking financial projections and forecasting
• Cost of goods calculations, profit margin, break-even, and cost-volume-profit analysis
• Standard and situational financial analysis
• Outsourcing of service providers for such functions as payroll processing and AR/AP
• Tax planning and coordination with tax preparers

Strategic Business Advising

• Advisor and strategic partner to the CEO
• Data analytics and reporting
• Decision support
• SWOT analysis
• Board of directors membership (optional)
• Stakeholder engagement and communication
• Business capability expansion
• Strategy realignment (responding to major change events)

Regulatory Compliance and Food Safety

• ODA license administration
• FDA registration and filings
• FSMA compliance, hazard analysis, and food safety plan development
• FSMA Preventive Controls Qualified Individual (PCQI) functions
• Acidified foods coordination with process authorities
• Product recall planning
• Label review (regulatory, retailer, and consumer focus)

Chief Information Officer

• Information management strategy development
• Oversight of systems administrators
• Enterprise information systems implementations
• Project management/program management
• Information systems and technology guidance
• Systems integrator and contractor management