"Tired of being at the mercy of their banks, CFOs are working hard to regain the upper hand.
In a new CFO survey, almost 25% (of 640-plus respondents) describe their relationship with their primary bank as "strictly transactional" — that is, their bank is interested in them only as a source of revenue. Another 20% classify it as "deteriorating" or "abysmal." Between now and the middle of next year, more companies — 19% of midsize businesses and 16% of small businesses, according to Greenwich Associates — will issue requests for proposals, a key step in switching to new banks."
At the Gordon Group we offer CFO consulting services to assist businesses with all of their financial needs, including working with banks. We find that most business owners are fantastic at what they do but less productive when handeling the financial matters of the company. As a business owner it is difficult to manage your employees, products, clients and sales while also keeping an eye on the bottom line. That's where we come in. At the Gordon Group we work to increase profitability and ensure that your business is working for you. Our team of experts have commercial banking experience, making it easier for your company to get the financing it needs to increase cash flow.
Give us a call to see how we can put more money in your pocket and help you achieve greater levels of success.
253-838-8711
aj@gordon-group.net
For the full article:
Survey: Banks leave CFOs feeling shortchanged - Related Stories - SmartBrief for CFOs