Consulting Services

 

Deluxe Planning Package - strategy, operational, forecast, budget

A complete process. Develop your strategy through a planning session, where broad objectives are adopted by the board. Objectives are developed by internal staff into initiatives. Initiatives are prioritized based on impact. A roadmap of where we are headed is developed and communicated. A financial plan combines initiatives and operational needs.

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Forecasting-Self use or loan compliant

 

Whether you are together a financial plan for loan fund purposes, to see your financial future, or to drive specific financial results or possibilities, my experience and industry knowledge will guide you to your desired outcome.

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Budgeting and Capital Plans

Photo Terilyn Wallis - strategic planning session

Photo Terilyn Wallis - strategic planning session

Detailed plans are an important aspect of keeping your thumb on the pulse of what is happening financially. Internal staff may be busy with other functions. Let me help you with your annual planning.

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Process improvement

 

 

Are things not flowing and coming together smoothly or timely? It may be time to take a look at the processes in place and find out if technology or processes have changed or need to change to support your business functions. Examples include: Work order processing, work plan execution, month end accounting close, service orders.

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Strategic planning and implementation

Do you have a strong vision of where you are going? Do you know your obstacles? Strategic planning is different than considering the day to day functions and operations of the organization. This high level, brain stretching thinking helps you consider what needs to happen to keep your organization viable going forward. Once those areas are determined, that when we roll our sleeves up together and determine some plans that can be put in place to move in the direction we need to.

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Strategy

Business and operational planning

The electric utility industry is complicated, it’s expensive, and we need to make tough choices in the projects we attack and the money that should be spent. This type of planning digs into the operations of your organization and builds a plan for things such as plant replacement, depreciation analysis, cash flow analysis, technology planning, determination of services, communication plans, succession planning and employee development. Collectively these areas need to be considered in how we run our business. This plan is then combined with a strategic plan and annual budget.

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Financial analysis

Review of your financial statements, including cash flow and ratio analysis.

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Board education and presentation

 

 

Bringing an outside industry expert into your board room can be an excellent way to discuss topics that apply to your unique situation. Individualized board training and presentations available.

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facilitations and topical discussions

Photo - Terilyn Wallis Conference in Colorado 2017

Photo - Terilyn Wallis Conference in Colorado 2017

Having an independent facilitator allows the participants to focus on what is being discussed. And if often helps to have someone asking questions and probing into sensitive topics that is separated from the discussion. I will keep the conversation moving forward constructively, ensure all voices are heard, balance the input, and establish concluding results.

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Mentoring and training of financial staff – from hire through training of concepts

New employees are continually coming into the electric cooperative industry. Usually they are the only person in their position and are left to figure many things out on their own. This mentoring program will meet virtually for up to year to discuss critical topics the finance professional needs to know on a rotational schedule. In addition, those being mentored can ask questions at any time throughout the program.

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Monthly Subscription to Financial Education

Continuing education is key to the development of our employees and to the existence of our electric cooperative network. This monthly subscription will provide education on relevant financial topics, delivered to your cooperative, and can be viewed at your convenience. Watch it together as staff, use it for employee development and continually re-use it as a resource.

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