TriPoint Advisors - Insurance

Frequently Asked Questions

Questions About

Insurance

Services

Can TriPoint help improve the systems we already use?

Yes. In addition to helping businesses select and implement new technology, TriPoint can also assess existing financial systems, identify inefficiencies, and recommend improvements to reporting, workflows, and overall system performance.

How do we know which financial systems are right for our business?

TriPoint helps evaluate your business needs, workflows, and reporting goals to identify the financial platforms that best support your operations, improve efficiency, and align with long-term growth plans.

How is outsourcing different from hiring an internal finance team member?

Outsourcing gives your business access to experienced finance and accounting support without the cost, time, and long-term commitment of hiring a full-time employee, while still providing flexible support tailored to your needs.

What types of finance and accounting tasks can TriPoint support through outsourcing?

TriPoint can support a range of finance and accounting functions, including day-to-day accounting, reporting, reconciliations, financial operations, and other recurring processes that help keep your business running efficiently.

Can you create a budget for my business?

Yes - TriPoint Advisors has extensive experience in helping companies put together their annual budget/strategic plan. This is a critical task that many small/mid sized businesses fail to do which, in my opinion, leads to poor outcomes. Please contact TriPoint Advisors if you need help putting your together your annual budget!

Do you create financial reports?

Yes! Your Fractional CFO will create a financial reporting package that will be delivered to the client and reviewed in detail on a 2 hour monthly call.

What does a Fractional CFO cost?

TriPoint Advisors will free of charge spend the time to better understand your business and your Finance needs. Following the assessment, TriPoint Advisors will provide you a custom monthly estimate for a fixed, monthly cost to support your business. Fractional CFO services typically start at ~$7,500/month

Can I name you as CFO of my company?

Yes - TriPoint Advisors has multiple clients where our staff are named CFO's of the businesses they are supporting.

When do I know if I need a Fractional CFO?

In our experiences, companies generating over $5M in revenue is complex enough to need significant financial oversight. Oftentimes, the owner/CEO are not trained finance professionals. They have done a excellent job scaling a company and generating significant revenues, but there comes a point where the business is running ahead of the financials. The company is not in touch with profitability and where it should be investing. When do I hire more people? Can I afford more people? What happens to the profitability if I change the price of my product? When the CEO can no longer easily answer these questions, its time to call in reinforcements and TriPoint Advisors is here to help!

I need a credit rating from Moody's, S&P and/or AM Best

TriPoint Advisors has extensive experience working with all the rating agencies and can advise your business on how to prepare for the rating (i.e. clean up the books prior), while also helping you through the ratings process to get the best rating for your business possible!

Can you help me to sell my business?

Yes! TriPoint Advisors has experience in the M&A sector and can help to value your business, find buyers/sellers and to help negotiate on your behalf.

Please contact TriPoint with your M&A needs!

What do you charge per hour?

Each engagement is different, and thus pricing will be different based on the difficulty and length of engagement. Please reach out to us to discuss your needs.

What other services can you provide?

TriPoint Advisors has staff with a wide range of experiences. Examples of additional engagements could be finance system architecture review and implementation, financial reporting best practices and automation, Treasury enhancements, cash flow management improvements, 401k setup and administration, to name a few.

How does TriPoint Advisors’ accounting approach differ from traditional bookkeeping services?

At TriPoint Advisors, we distinguish ourselves by providing comprehensive accounting services rather than just bookkeeping. While we are fully capable of performing bookkeeping tasks, our approach goes much deeper. We treat each client’s financials as if they were preparing for an audit, ensuring the highest level of accuracy and compliance. This includes performing a full month-end close with meticulous account tie-outs, delivering detailed monthly financial reporting, and holding regular meetings to review results and strategize. Additionally, we focus on automating financial processes to improve efficiency and clarity for our clients. Unlike standard bookkeeping services, our work offers strategic insight and rigorous oversight tailored to the needs of non-profits and small to mid-sized companies, helping them maintain strong financial health and make informed business decisions.

Can you help with Payroll?

TriPoint Advisors has experience in working with all of the modern payroll companies like Gusto, Rippling, Deel, and QuickBooks (to name a few!). We can help your company migrate to a new provider or to streamline/automate the payroll that is being managed in-house.

Can you do the accounting for my business?

Yes! TriPoint Advisors can provide short-term support to backfill for staff that may have left or TriPoint Advisors can be your complete Accounting outsourced provider. TriPoint Advisors supports many clients today with a full outsourced model, while also providing many clients short-term support. Reach out to let us know what your needs are and we can create a tailored solution for your business!

Do you create financial reports?

Yes! We provide accounting clients with a comprehensive monthly financial reporting package that will be reviewed in detail on a 2 hour monthly call.

Can you help me migrate from QuickBooks Desktop to QuickBooks Online?

Yes! QuickBooks Desktop (QBD) is no longer supported by Intuit and TriPoint Advisors has the experience to migrate your company to the more modern and robust QuickBooks Online (QBO).

What systems do you use for Accounts Payable?

TriPoint Advisors is a partner with one of the best solutions in the business, RAMP. However, TriPoint Advisors has worked with many different AP vendors and can support your companies needs regardless of the provider.

What accounting software do you use?

TriPoint Advisors has experience with most general ledger/accounting systems including small company systems like QuickBooks or Sage, all the way up to complex ledger systems like Oracle Fusion or PeopleSoft.

Financial Solutions for Insurance Agencies

What's Included

Commissions Don't Tell the Whole Story

Growth Creates Operational Complexity

Planning Beyond Renewal Cycles

Helping Insurance Agencies Build Stronger Financial Visibility

Frequently Asked Questions

Strategic technology partnerships for modern financial operations