What’s FOM?
What is Financial Operations Management (FOB)?
And, how is it beneficial?
Tom Fife, the principal of Hawksbill MAS, has spent 30 years working in Financial Operations Management (FOM) in the private sector; it’s his regular and preferred mode of operation, and his forte.
Tom has assisted dozens of profit and non-profit organizations (and their Board of Directors) in keeping close tabs on cashflow, and making informed recommendations for cost savings, as well as smart business growth.
Tom is the “go to” man for organizations; he works with their bookkeeper, and/or operations manager, and provides essential financial reporting and guidance on an ongoing basis.
Tom learns how the money flows between departments, and in and out of the company. And, it’s his job to know how the timing involved in each transaction affects the overall picture, and cash flow.
Collaboration Within A Higher Dimension
Being able to see and operate from the big picture, while also being aware of the small details – and their effects – is what sets apart Financial Operations Management (FOB) from routine accounting.
More often than not, being able to make real-time adjustments from this highly-sophisticated level of financial analysis often means the difference between the profit and loss of the operation, as well as the degree of profitability.
FOB provides the owner knowledge of exactly where his/her business stands financially – day-to-day. In this rapidly-changing world where uncertaintly is the norm, being able to manage “on-the-go” provides the utmost in flexibility – and creates a platform from which to take advantage of opportunities quickly as they arise.
