Mainebiz

V O L . X X I V N O. X M AY 1 4 , 2 0 1 8 12 B U S I N E S S M A I N E B U S I N E S S M A I N E B U S I N E S S N E W S F RO M A RO U N D T H E S TAT E Portland. e 75,000-square-foot Bangor facility was first a milk bot- tler called Grant's Dairy. Garelick Dairy bought Grant's in 1994, and Garelick in turn was bought in 1997 by Suiza Foods, which acquired and took on the name Dean Foods Co., which is based in Dallas. Dean made a milk blend at the plant before shuttering it in January 2013. Pineland Farms purchased the facil- ity in 2017. N O T E W O R T H Y N O R T H E R N & E A S T E R N Penobscot Community Health Care in Brewer said that The Libra Foundation Fund awarded a $10,000 grant to support its Brewer School Based Health Centers, which provides more than 1,700 students access to medical, dental and mental health services at Brewer Community School and Brewer High School. The health care services organization also received a two- year grant award from the Maine Cancer Foundation in the amount of $100,000 to support efforts to improve colorectal screening rates and a $10,000 grant from the Weyerhaeuser Giving Fund in Seattle to help fund building renovations and improvements at Jackman Community Health Center. EMHS in Brewer entered into a clinical affiliation agreement with Massachusetts General Hospital in Boston, Mass., to improve quality and reduce health care costs in Maine. The effort will include advancing care models through technology and great- er coordination of care for patients who use services offered through both health systems. Sally Stetson Tongren (1926–2014) grew up in Houlton, where her father owned Aroostook County's first weekly newspaper. Sally's love of animals led to years of work at the Na onal Zoo. Today students from Aroostook and Washington coun es benefit from her love of Maine through a $4.8-million bequest to the Maine Community Founda on that endowed two scholarship funds. We all have a shared love of Maine. When it's me to give back, call the Maine Community Founda on to learn more about how you can make a difference through giving. Everyone has a legacy… What's yours? www.mainecf.org | 1-877-700-6800 Here for you and here for Maine since 1983. Q: My business is growing. What are the advantages of outsourcing my high-level accounting function instead of hiring a CFO or controller? Ace Advises: Here are seven reasons why outsourcing your high-level account- ing function is a smart business move: 1. Reduce overhead costs and increase efficiencies: Instead of needing several employees to operate in-house accounting, outsourcing eliminates the need for extra salaries, benefits, training, office equipment, downtime and taxes. 2. Improve budgeting practices: Oversight from outside experts can help you identify financial problems before they occur, and ensure the financial vis- ibility of your company. 3. Improve cash flows: Outsourcing can allow your business to take advantage of everyday accounting practices to help manage cash shortfalls. 4. Save time and get convenience: Let the experts take care of the accounting and free up your management team to tackle the duties in their job descriptions. 5. Receive sound advice: Outsourcing provides an opportunity to align with a professional who has experience with your type of business and has knowl- edge and expertise in every area of accounting. 6. Expand staffing flexibility: Your time and your management's time is better spent developing new business opportunities and strategies, than focusing on the accounting. 7. Get real-time access to your data: An outsourced company will likely have access to the latest technology, and can assist in making timely decisions and provide updated financial data. As your business grows, it may make a huge difference in your success to explore outsourcing your high-level accounting functions, before you decide to hire an in-house controller or CFO. A S K AC E A n s w e r e d b y D e a n M i c h a u d , P r e s i d e n t o f M i c h a u d A c c o u n t i n g S o l u t i o n s The Association for Consulting Expertise (ACE) is a non-profit association of independent consultants who value "Success through Collaboration." The public is welcome to attend its regular meetings to share best practices and engage with industry experts. For more information go to www.consultexpertise.com. Dean Michaud can be reached at www.michaudaccountingsolutions.com

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