3M Assessment:
Measure, Manage & Monitor Your Business

Somerset CPAs has created unique, one-of-a-kind Financial Power Tools specifically for the construction, architecture and engineering industries. These tools are designed to uncover opportunities to help your business survive today and thrive tomorrow. One of those tools is our 3M Assessment. Here's how it works:

 

Our skilled experts can guide you through a 3M Assessment to measure, manage and monitor your company’s financial health. By working with Somerset, you will receive the following:

  • A clear understanding of your company’s current financial position

  • A four-year trending and observation report

  • Two-hour management meeting

  • One day on-site to work along side your team

  • One day off-site to review and discuss a strategic plan of action and implementation process

Measure
Evaluate Your
Current Business

  • 4-year trending

  • Review key areas, identify areas of risk management concentration

  • Audit risk matrix

  • Fade vs. gain

  • Cash flow observations

  • Historic backlog

Manage
Establish
Best Practices

  • Debt to equity

  • Current backlog

  • Budget & cash flow management

  • Cash, debt and backlog ratios

  • Billing cycle

Monitor
Assess Performance
and Adapt Accordingly

  • Management dashboards

  • Billing practices

  • Aging and high-risk receivables

  • Observations from review of financial statements and tax returns

  • Review and implementation of Somerset financial power tools

  • Key considerations to surviving the economic downturn

 


Ready to Learn More?
The construction and design industries are unique; work with a firm that knows them. With our proven reputation and results, Somerset can guide you through these tough times. Please contact us for a free, no cost/no obligation meeting to see exactly how Somerset’s Construction & A/E Team can add value and save your business money. Please select one of the following to help us assess your needs:

þYes, I would like to meet with Somerset CPAs for a complimentary meeting to discuss a 3M Assessment for my business.

þNo, thank you. I do not wish to meet with Somerset CPAs at this time.

Thank you for your time and attention. If you selected "yes" above, we will contact you immediately.
 

For additional information about Somerset's Financial Power Tools for Construction & A/E Firms, please contact Ken Hedlund, Jay Feller, Rebecca Ogle, Chris Mayfield or Steve George of our Construction & A/E Team.

Learn more about our Construction & A/E Team by clicking the photo to the left to watch our video.

Since technical information is presented in generalized fashion, no final conclusion on these topics should be made without further review. This document is not intended or written to be used, and cannot be used, for the purpose of avoiding tax penalties that may be imposed on the taxpayer.

 

 

Somerset CPAs, P.C.
3925 River Crossing Parkway, Third Floor
Indianapolis, Indiana 46240
317.472.2200 • 800.469.7206
FAX 317.208.1200
www.IndianaConstructionCPAs.com

info@somersetcpas.com