Financial consulting is not just about money. It’s about devising long-term strategies. It’s about helping clients gain control of costs and boost revenues. And it’s about people. PFM’s people have the experience, the sophistication, and the expertise to help our clients achieve four crucial goals:
1. Establish A Sound Strategy
PFM starts by working with clients to create a clear roadmap -- a well-articulated policy for making and measuring financial decisions.
2. Control costs
Sometimes, the best way to make more money is to spend less. We have spent decades unearthing opportunities for savings:
- PFM finds ways to reduce labor costs by analyzing existing contracts and reviewing work-rule reforms. Our experts will also coordinate a client’s overall approach to bargaining units.
- PFM helps clients develop competitive contracts for services and explores privatization of services when appropriate.
- PFM identifies funding alternatives that can trim costs, including a variety of structured products
3. Enhance Revenue
Governments need to generate revenue, but very few can successfully implement a tax increase? PFM works to enhance existing revenue streams, starting with a capital budget review to match sources of capital funding with infrastructure needs. We assist clients in structuring delinquent assets for sale -- non-performers like tax and utility liens or vacant buildings. PFM will also look for additional revenue by analyzing funds from existing sources -- including funds reimbursed from other governments.
4. Measure results
How do you know when you’ve succeeded? You measure. PFM collaborates with clients to establish clear benchmarks and determine appropriate methods for measurement. We also help define departmental missions in relation to the resources available. Then, we set periodic targets within each fiscal year, implementing corrective measures when necessary to assure on-budget performance.
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