Brooklyn, New York – October 4, 2024 Luxe Advisors, a distinguished financial consulting firm, is pleased to announce its extensive suite of financial management services tailored to meet the diverse needs of businesses across various sectors. Under the adept leadership of Chief Financial Officer and Business Advisor Simon Zelman, Luxe Advisors is committed to delivering exceptional financial consulting solutions.
With over three decades of experience, Simon Zelman has collaborated with C-suite executives to drive business ventures, including international expansions and strategic acquisitions. His profound expertise in retail, wholesale, and e-commerce finance positions him as a trusted advisor to CEOs and business leaders.
Luxe Advisors adopts a holistic approach to financial management, ensuring meticulous oversight of every aspect of a company’s financial cycle. The firm excels in managing accounting and finance teams, identifying operational inefficiencies, and cultivating relationships with external consulting firms such as CPA firms, legal advisors, bankers, IT specialists, and insurance providers.
“Our approach is customized to each client’s unique requirements,” stated Simon Zelman. “We recognize that each business is distinct, and there is no universal solution. Our seasoned CFOs work diligently to pinpoint key performance indicators and deliver comprehensive financial reporting.”
Luxe Advisors’ professionals actively participate in board and executive committee meetings, offering strategic insights and governance. They oversee all facets of the financial cycle, including compliance and tax reporting in collaboration with CPA firms. The firm also guides and supervises software implementation to enhance the finance department’s efficiency.
Establishing robust protocols and accountability measures is a cornerstone of Luxe Advisors’ services. This includes implementing month-end close procedures, fixed asset schedules, monthly workflows, and inventory tracking protocols. Ensuring seamless intra-team communication and fostering effective collaboration among team leads is another priority. Luxe Advisors is also dedicated to developing the financial department through recruitment, mentoring, training, and, when necessary, termination of staff.
Financial analysis and reporting are integral to Luxe Advisors’ offerings. This encompasses revenue and cash-flow modeling, budgeting, variance-to-actual reporting, forecasting, and break-even analysis. The firm’s Ownership Reporting Package (ORP) provides a comprehensive overview of company financials with customizable options for detailed insights.
Beyond financial management, Luxe Advisors supports businesses in strategic planning, industry trend analysis, and preparation for equity events. The firm assists with various financing and capitalization strategies, including debt, equity, sale/exit, and mergers and acquisitions. Luxe Advisors also excels in creating pitch decks, negotiating bank lending, fundraising, and representing companies at board and investor meetings.
“Our objective is to ensure that our clients’ finance teams are fully equipped to manage all accounting functions,” added Zelman. “We collaborate with highly qualified professionals to deliver top-tier accounting services at a fraction of the cost of US-based workers.”
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