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My spouse takes care of the accounting and clerical side of the business for me, but I could use help making sure I can understand the numbers of my business and make better forecasts. Is that something you can help me with?
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Answer: Yes, absolutely. The services offered by REDHAMMER include everything, from clerical duties to CFO and Controller responsibilities. We can set up your systems, train your staff, and optionally, be your entire accounting staff. You decide what combination of services you need.
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We had a bad experience where our accountant was stealing from us. What can you do to protect us?
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Answer: Unfortunately, yours is not an isolated case, and it is actually a problem we commonly see. REDHAMMER does not cut checks. We add protection by keeping a watchful eye on your bank statements to make sure all money is accounted for.
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How can you help us maximize revenue on change orders?
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Answer: We design your software to do this automatically. This type of customized setup can be overwhelming without experience and expertise, but our processes are proven to be successful.
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What is the most common reason a construction company comes to REDHAMMER?
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Answer: Most often, we receive referrals, from bonding or insurance companies, and banks. They call us to say, “Hey, XYZ company wants to get a bond to do a job, but their financials are not in order. Can you help them?”
Oftentimes, the problem isn’t that the contractor isn’t strong enough to qualify for the bond, or the line-of-credit, or insurance, but their financials don’t accurately reflect their strength and/or they just don’t have the time to devote to getting everything in order to facilitate the process. Time is money, and many contractors don’t see that paperwork is related to money in their pocket. Another common scenario is when the business owner him/herself realizes that they have no idea how the business is doing, and/or if jobs are profitable, and/or finds themselves running short of cash due to a lack of up to date accounting. They realize they can't rely on the current accounting to give them the reliable, timely information they need. |
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My company is small, and I'm just not sure I can afford to hire a CFO or Controller.
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Answer: The difference between someone who keeps the books and a CFO is that the CFO can help you make valuable business decisions based on the data. A CFO is an advisor that can use the number to advise on investments and ways to become more profitable.
Many of our clients would not be able to afford hiring such a highly skilled person. With REDHAMMER we not only help ensure the data is accurate and timely, but provide CFO-level consulting due to our broad and deep experience in this industry, and at a price that is less than a low-level employee! |
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While applying for a line of credit, a banker asked me: What is your working capital? I didn't know how to answer that question.
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Answer: REDHAMMER can attend meetings and handle correspondence with bonding agents and bankers, allowing you to focus on what you do best: designing and building projects that make customers happy!
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