Outsourced finance and accounting for financial services

Add significant knowledge and experience to your organization with Wipfli’s fractional CFO and CFO mentoring.

As part of this service, we support you in:

• Conducting financial analysis and identifying trends, challenges and areas of opportunity to improve strategic planning.
• Identifying key ratios, performance indicators and industry benchmarks.
• Monitoring economic indicators and employment trends in order to understand potential impacts within the industry or market.
• Overseeing action plans for addressing budget gaps.
• Evaluating margins and expenses.
• Providing leadership, oversight and development of internal accounting resources.
• Analyzing significant vendor relationships and trends, including third-party risk management.
• Consulting on branch and service line profitability.
• Attending board meetings.

Wipfli’s outsourced controller services provide support for:

• Reviewing and analyzing financial statements.
• Overseeing periodic financial reporting and KPIs.
• Overseeing accounting department personnel.
• Monitoring budget to actual, identifying variances.
• Providing support for your financial strategic plan.
• Performing commission calculations.
• Cash flow management and oversight.
• Forecasting and recommending payments based on cash flow.

Help your CFO or controller reach their potential by giving them access to support and coaching from our experienced team. We create a comprehensive, customized plan for your emerging leaders, helping them grow in critical areas, including:

• Financial strategy and planning.
• Strategic decision-making.
• Capital structure and project financing.
• Risk management.
• Project cost management and efficiency.
• Financial reporting and compliance.
• Cash flow.

We can also use our deep bench strength to augment your CFO so that they have the time and increased capacity they need to oversee special projects and excel in their daily workload.

Our outsourced accounting services can aid wealth and asset management firms, registered independent advisors and professional services providers in key accounting areas, including:

• Downloading and monitoring bank activity.
• Entering vendor invoices.
• Reconciling vendor statements.
• Paying vendors and tracking accounts payable.
• Downloading and monitoring credit card activity.
• Entering transactions from employee expense reports.
• Processing and recording payroll.
• Submitting 401(k) payments.
• Preparing and submitting sales and use tax returns.
• Reconciling credit card and bank statements.
• Recording depreciation.
• Tracking unbilled revenue.
• Managing and storing financial documents in the cloud.
• Tracking and adjusting significant balance sheet accounts such as debt, prepaids and accruals.

Create a more accurate, efficient and transparent call report with Wipfli.

Our team has extensive experience working with a variety of organizations to develop and implement the tools they need to standardize the reporting process, increase accuracy and transparency and reduce preparation time. We also provide support beyond the call report, with proactive insights and guidance into your financial performance.

When you outsource your call report with Wipfli, we provide comprehensive support for every aspect of filing, including:

• Providing a list of required documents for call report preparation.
• Preparing call reports and providing a “pencil copy” for your organization’s call reporting software.
• Clearing edits and filing your call report before the filing deadline.
• Providing our call report workbook and supporting documents.

We can also support your current call report procedures and staff with:

• Call report preparation process improvement.
• Initial call report preparation.
• Regulatory remediation.
• Creating a call report workbook customized to your organization’s specific reporting needs.
• Training, mentoring and ongoing support for your call report staff.