The Need – Organizations periodically need highly skilled financial expertise but don’t need, nor can they justify, hiring full-time help. The Solution - Cornus Consulting offers highly skilled financial, strategic and analytical support. Our experience and knowledge along with our customized solutions are of unique advantage to the organizations we serve.


How we help our clients:

Cornus Consulting can help with rigorous financial and analytical support to address your needs (click for sample case studies):

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Provide Director of Finance services


Interim Director of Finance

 

Client

  • Organization with $5M operating budget

  • Client Situation

  • The organization terminated in short-notice its Director of Finance
  • Organization needed  the finance department to continue regular operations during the period of recruitment of a new Director of Finance

  • Cornus Approach

  • Provided part-time Director of Finance services on an immediate schedule until a new Director of Finance was hired
  • Reassign responsibilities to make the transition period  most efficient  in regard to resource allocation
  • Managed junior staff during the transition period to ensure ongoing operations continue without disruption
  • Produce timely financial reports to support management and provided financial analysis
  • Helped to on-board the new Director of Finance in his role and provided ongoing support through job transition

  • Project Outcome

  • The organization suffered from minimal interruption during the transition

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    Help in recruiting into financial positions


    Director of Finance Recruitment

     

    Client

  • New York based Organization with $3M operating budget

  • Client Situation

  • The organization decided to terminate its Director of Finance
  • Organization needed help in hiring a good replacement which is a crucial part of the senior leadership of the organization


  • Cornus Approach

  • Developed and implemented a process for defining the role of and hiring the new Director of Finance, integrating senior management and board members in the process
  • Helped the organization define the responsibilities of the Director of Finance and develop an accurate job description
  • Helped the organization to decide which recruitment channels to use
  • Participated in the interviewing process to evaluate general fit and financial skills of candidates
  • Helped negotiate employment terms with desired candidate

  • Project Outcome

  • A highly-qualified and capable Director of Finance was hired by the organization

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    Oversee project implementation


    Grant/Project Management

     

    Client

  • National Organization with 53 affiliates in 50 states

  • Client Situation

  • The organization planned to invest in capacity-building in selected affiliates across the US,
    - …but needed to develop the capacity-building strategy,
    - …and required support in the implementation and management of the program

  • Cornus Approach

  • Developed a plan to build capacity for each individual affiliate and an aggregated plan for the project as a whole
  • Established mechanisms to support ongoing funding, oversight and accountability of the funded affiliates
  • Provide ongoing consultation and management support to the national organization and the affiliates participating in the program
  • Produce ongoing reports and materials for funders regarding various aspects of the project

  • Project Outcome

  • Project is fully-funded by major national funders (above $40M over 10 years)
  • Capacity-building goals are being achieved
  • Program became a flagship of the organization and is used as a model for other programs

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    Revamp financial department


    Revamp Financial Department

     

    Client

  • Organization with $4M operating budget

  • Client Situation

  • Organization doubled in size within 3 years
  • The financial system and procedures hadn't been developed or upgraded to support the bigger organization
  • Management did not receive reliable and timely financial information to make informed decision about the operations

  • Cornus Approach

  • Reviewed and analyzed the organization financial needs and identified gaps in current systems and procedures
  • Created new procedures and improved existing systems to enable better management of the organization
  • Developed a new chart of accounts supporting a new set of financial reports for the management and board
  • Developed multi-year financial projections and recommended reducing level of staff to make the organization sustainable
  • Renegotiated terms of primary contracts to reduce levels of expenses

  • Project Outcome

  • Upgraded financial procedures and systems providing ongoing reliable financial data for management
  • A more efficient organization with a balanced and sustainable budget

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    Develop budgets


    Budgeting Support

     

    Client

  • Recreational Educational Organization

  • Client Situation

  • Four related non-profit organizations merged and needed to establish a consolidated budget
  • Required external capacity to help develop a combined financial system and budget for the next year

  • Cornus Approach

  • Developed a project plan with senior management of individual organizations
  • Communicated the plan to the relevant departments
  • Worked with each department on operational, transition and capital budgets
  • Rolled up the individual budgets
  • Reviewed and finalized results with the Executive Director

  • Project Outcome

  • The organization had a consolidated budget for the following year
  • A system has been established for the combined financials

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    Analyze financial profitability


    Profitability Analysis

     

    Client

  • University Press

  • Client Situation

  • The organization had several product lines of books but lacked information aboutresource allocation for each product line and the associated financial contribution of each book type
  • Wanted to make informed decisions on resource investment for publishing different lines of books to meet the organization mission

  • Cornus Approach

  • Analyzed past sales data to predict expected revenue per book type
  • Assigned direct costs and allocated indirect costs between book types
  • Derived contribution by book type
  • Recommended changes in allocation of resources to optimize impact on mission

  • Project Outcome

  • The organization developed different procedures and guidelines for different book types
  • Financial contribution by book type is being monitored and tracked so that the organization can make informed decisions for allocating resources

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    Conduct cost analysis


    Cost Analysis

     

    Client

  • Association of Towns

  • Client Situation

  • Association offered various services to its dues-paying members
  • Absence of any financial information concerning the cost of services to determine the optimal delivery

  • Cornus Approach

  • Analyzed all existing services financially and operationally
  • Performed cost analysis of all services
  • Categorized services into positive, neutral and negative contributors
  • Recommended changes to services to optimize allocation of resources

  • Project Outcome

  • Association dropped some services and made various changes to others to optimize resource allocation

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    Our value proposition

    Organizations need financial expertise, whether on a regular or periodic basis. Hiring a full-time experienced financial person, however, is often not affordable. Cornus Consulting provides temporary or permanent expert services that enable organizations to receive financial, strategic and analytical depth without having to add a full-time person to the payroll.