Effective financial management is one of the key prerequisites for sustainable business growth. However, not every company requires—or can economically justify—the employment of a full-time Chief Financial Officer (CFO). In such cases, our Outsourced CFO service provides a flexible and cost-effective solution, giving businesses access to senior-level financial expertise tailored to their current needs.
We provide Outsourced CFO services to businesses at every stage of development—from fast-growing companies to well-established organisations with mature operating models. The scope of our services is tailored to each client's specific requirements and may vary from month to month, providing support for both day-to-day financial management and strategic financial initiatives.
The scope and nature of our Outsourced CFO services depend on the client's objectives and business needs. We assist in establishing, maintaining, and enhancing management reporting systems at various levels of detail, either as a comprehensive solution or by focusing on selected components. This enables management to receive timely, reliable, and well-structured financial information required for informed decision-making.
Preparation of regular management reports, including:
Analysis of financial performance, including comparisons against budgets and identification of significant variances and their underlying causes.
Preparation of customised management reports, including inventory analysis, accounts receivable reviews, and other reports tailored to the client's operational and management requirements.
Preparation of specific financial analyses and calculations, including financial plans, budgets, and cash flow forecasts.
Preparation of cost allocation and profitability analyses for products, projects, business units, or other organisational segments.
Our management reporting solutions are designed to provide practical value and are tailored to the specific characteristics of each business, rather than serving as merely a formal reporting exercise.
Our Outsourced CFO professionals also provide significant support in managing relationships with external stakeholders. We assist clients in preparing and presenting financial information for banks, government authorities, investors, and other interested parties. Although these reports are based on the company's accounting records, they are structured and presented in the format required by each respective external stakeholder.
Grant Thornton Baltic carried out financial due diligence of defence-sector company Lightspace Technologies prior to its acquisition, analysing the company’s financial performance, growth prospects and transaction-related risks.
Grant Thornton Baltic provided business and asset valuation services as part of the Latvijas Dzelzceļš Group’s restructuring process, assessing the assets and liabilities of the merging entities to support a share capital increase and the implementation of the reorganisation.
Grant Thornton Baltic is a trusted partner to Eiropas Dzelzceļa līnijas in the Rail Baltica project in Latvia, providing real estate valuations, verification of compensation claims, expert assessments, and professional advisory services.
