My former employer, vcfo, has many great examples of why outsourcing key functions can help a company in good times and in bad. The below was a recent success story from vcfo - Dallas. I decided to post it here as it is a great reminder that when you find the right partners, success is possible in any economy!
Keste Leverages Outsourcing Model and Grows from Partnership with vcfo
Certified Oracle provider attributes success to partnering with vcfo for financial modeling, long-term strategic planning and operational accounting
Dallas, TX (PRWEB) September 21, 2009 -- Keste, a certified Oracle provider, grew from a dozen employees to more than seventy in four years and attributes a large part of their success story to vcfo, a professional services firm.
Keste was formed in 2005 to provide Oracle solutions and custom application development, specializing in high technology, telecommunications and heavy industry sectors. From the moment it was founded, Keste engaged vcfo to provide services such as financial modeling, long-term strategic planning and operational accounting.
Keste founder and CEO Howard Moore selected vcfo to benefit from an outsourcing model of bringing in expertise and leveraging established resources. "The vcfo team allowed us to print financials from day one, giving us credibility in the market and favorable terms with our bank. Knowing that our financials were in good hands really allowed me to focus on my core business and maximize our revenues."
The vcfo team implemented processes and procedures to improve Keste's workflow, which allowed for increased efficiency in the management of the business. vcfo participated in weekly executive management meetings to contribute to the strategic planning, allowing for financial reporting to evolve as a management tool. The team also established parameters to prevent cash flow constraints and to reduce payment problems from customers.
Moore summed up his experience as a vcfo client by saying,"vcfo is a great model to plug into, top quality talent with a fresh view of the company and suggestions for improvement. Anytime we need to extend our in-house department, it's good to know we can leverage vcfo."
vcfo is a professional services firm that offers a customized team model to assist companies with finance, accounting, recruiting and human resources needs. vcfo uses a custom approach to create an optimal, flexible team of highly trained vcfo employees to address your particular requirements. Not only do you get the right level of resource, but you pay only for the time you need it.
As trusted advisors to the CEO and management team, vcfo team members across the country use an original platform, industry best practices and proven methodologies to help solve the most complex operational business issues. vcfo is based in Austin, Texas with regional offices in Dallas, Denver and Seattle. For more information, please visit www.vcfo.com.
Keste is a Certified Oracle Partner that solves real business problems by developing and delivering solutions that improve the way you do business in the service economy. With the strong relationship with Oracle Architecture and Development Teams, Keste has the skills, experience, and organization to surpass client expectations.
Keste maintains a worldwide presence with offices in Dallas, Texas and Hyderabad, India with customers in North America, Europe, and Asia. For more information, please visit www.keste.com.