As small- and medium-sized business (SMB) owners work diligently to scale their companies, they often turn to technology and embrace automation, artificial intelligence (AI), and software to save time, money, and resources. But over-dependence on technology can hamper your strategic vision, meaning technology can get in the way of growth.
MLA Companies is a Business Advisor and Fractional CFO provider. We deliver finance, strategy, and solutions to small and medium-sized businesses. Our focus is on the long-term objectives of our clients. We have clients who need part-time financial expertise and short-term solutions for change.
Technology does provide significant benefits for small- and medium-sized businesses. Automation allows SMBs to increase business agility, save time, reduce headcount, streamline operations, save money, and create a better customer experience. Ninety-three percent of business owners use at least one technology platform to help run their businesses, and most use three.
But technology can compound your problems, as Seth Morgan, MLA CEO, points out. “No software program will give you answers to questions you don’t know how to ask,” Morgan observes. “The strategic component is about knowing how to ask the right questions. Then you can find the answers.”
At MLA Companies, we bring our customized, value-driven approach through processes and services that align with our client’s needs and future growth. This protects SMBs from relying too heavily on making financial decisions solely based on technology. As a solution, MLA Companies offers its proprietary ‘Business Redeemed’ process to get the most out of your technology and to bring new opportunities for growth with expert strategic advice from our fractional CFOs.
A fractional CFO is a dedicated financial expert with decades of insight and real-world experience and provides businesses with targeted monetary strategies on a contractual basis. For many SMBs, a fractional CFO brings significant benefits and value. By working on a per-project or per-hour basis, you can receive tactical financial planning advice without the high overhead cost of adding a full-time CFO. We can help you work through technology in the way of growth.
Are you ready to align technology with trustworthy financial reporting? MLA can help. Contact us to learn more.