“What gets measured, gets done,” according to Joe Doura, CFS Fractional CFO. “We were able to build one effective tool for use with all our CFS clients. The up-front investment was well worth it. In the budget planning meetings with our CFS general managers, we reviewed every line item, comparing the budget to the two-year history and forecasted growth. These meetings took about an hour. At the end, we had a very functional budget to import into QuickBooks, plus a high degree of shared understanding of the budget!”

Assisting GMs of CFS clients on the development of the annual operating and capital budget is just one of *many* important services provided by CFS. To learn more about how CFS could be of value to you and your co-op, click the button below and schedule a presentation and conversation.

Megan Fisher, GM for GreenTree Market

“I have clean and up-to-date books as well as vendor payments made on time from having a dedicated CFS team consistently reviewing my processes and financials. My co-op benefits by having the CFS team’s financial knowledge instead of relying on my own or the knowledge of a part-time staffer’s—which results in me having accurate and timely data to bring back to my management team and Board of Directors each month.

CFS has ultimately made my work as a General Manager easier by taking a few hats off my head. My CFS Accounts Payable contact keeps me on track week to week and at month-end by requesting missing documents before I even know they’re missing, while my CFS Accountant understands my co-op’s intricacies and suggests ways to improve and automate operations.”

CFS and National Co-op Bank (NCB)

CFS and National Co-op Bank (NCB) have developed a win-win-win-win relationship for your co-op, CFS, National Cooperative Bank (NCB), and the larger co-op economy.

For CFS, building efficient banking systems and strong financial partnerships is essential to serving many National Co+op Grocers (NCG) members. We believe NCB is a strong fit for your co-op and many NCG members, and so we are committed to fully exploring the opportunity for our CFS clients to bank with NCB, another example of Principle Six – Cooperation Among Co-ops.

We have tested NCB’s 24/7 Treasury System using Columinate’s accounts, and the results show that their platform delivers the business services needed for the most efficient banking-to-accounting connections.

Request a Presentation to learn more about the benefits for your co-op.

CFS exists to meet the financial management needs of food co-ops with excellent, efficient, and affordable service.