NWFA offers members financial management service

Home News NWFA offers members financial management service

ST. LOUIS—In accord with the financial times, the National Wood Flooring Association (NWFA) is offering a new financial service for members. With the help of financial management firm B2B CFO, NWFA is giving small to mid-market companies the chance to better understand and control their finances, said Ed Korczak, NWFA’s CEO and executive director.

B2B CFO is a firm geared toward helping start-up, small and mid-sized businesses find financial clarity and set goals. Founded in 1987, the part-time CFO company services 43 states in the U.S. and is a place to outsource a chief financial officer for companies without an in-house CFO.

Through the association, there are three main offerings, the first of which is a financial hotline. NWFA members can call 800.422.4556 with any fiscal related questions including but not limited to topics like profit margins, establishing pricing, bank relations, understanding working capital, budgeting and forecasting, employee compensation and strategic planning. This is a free service to NWFA members, according to Korczak.

The second service is a financial analysis that looks at up to three years of monetary

records and data. In this approach, members are alerted to any potential risks or red flags, and given suggestions for improvement. This option costs $325.

The third service is an onsite financial assessment, in which a report is generated by

interviewing company personnel and accounting process review. The pricing for this option is to be determined by company and B2B CFO, Korczak said.

While NWFA has offered management consulting in the past, this is the association’s first time to offer an in-depth financial management assistance program, Korczak finished.

For more information about B2B CFO’s offerings for NWFA members, call the association at 800.422.4556. To learn more about B2B CFO and what it has to offer, call 602.296.6888.

Must Read

Louisville Tile’s CEO to present at Coverings 2023

Orlando, Fla.—Louisville Tile’s chief executive officer, Matthew Saltzman, will be presenting at Coverings 2023, held here, on April 20. Coverings is the preeminent event...

Robert Varden, IUPAT launch intensive certification program

Rockwall, Texas—Flooring installation veteran, Robert Varden, and Val Chestohin, lead floor covering instructor DC 16 FTI Northern California and Nevada of the International Union...

Exclusive: Mohawk kicks off partnership with Rhinory

Texas—Mohawk Flooring is charging toward a better tomorrow by kicking off its partnership with Rhinory, a winery and rhino sanctuary based here. The partnership...

A ‘Showroom Pricing’ solution

Before starting her own software company, Kristen Stensby worked in her family’s flooring store in St. Louis as a commission-based RSA in charge of...

Flooring software technology providers up the ante at Surfaces

Las Vegas—The 2023 International Surface Event highlighted the vigor with which the flooring industry is facing today. Flooring software technology providers were among those...

Shaw resilient eligible for recycling through re[TURN] program

Ringgold, Ga.—Shaw Industries announces Shaw Plant RP, located here, resilient products (both LVT and SPC) are now recyclable through the re Reclamation Program. As...
Some text some message..