Asset Management
As·set noun /ˈaˌset/:
a useful or valuable thing, person, or quality.
At Lucro Management, we go beyond traditional financial services to provide comprehensive asset management. Asset management is more than just overseeing physical properties- it’s about safeguarding financial stability, reducing liabilities, and ensuring operational efficiency.
Our hands-on approach ensures that insurance coverages, HR policies, financial oversight, and compliance strategies align with business goals, allowing our clients to focus on what they do best.
Hiring a full-time financial team is expensive- but it’s not your only option. Lucro Management provides the expertise of a CFO, controller, and asset manager at a fraction of the cost of hiring in-house. With a 30K foot view of your business, we offer an objective, strategic perspective that reveals financial blind spots, identifies inefficiencies, and helps you make smarter, long-term decisions so that you can focus on growing your business instead of just working in it.
Click below to learn how Lucro can support you!
Financial Planning & Reporting
We assist clients with budgeting, cash flow management and forecasting through custom financial reporting, helping them make informed decisions and improve profitability. We meet with clients on a monthly basis to discuss insights and strategies so that they can remain proactive in their approach to success.
Bookkeeping Services
We handle your day-to-day bookkeeping with precision, ensuring accurate financial records that keep your business compliant and organized. As we manage your books, we continuously monitor financial trends, analyze cash flow, and identify cost-saving opportunities. Our goal is to uncover insights that drive sustainable growth and increase profitability. Whether it’s reducing overhead, identifying revenue gaps, or tracking patterns in expenses, we offer proactive recommendations to help you optimize operations and maximize your bottom line.
Our experts manage state and federal tax filings and ensure compliance with industry regulations, reducing risks and simplifying the tax process for our clients.
Benefits Administration
We assist clients in streamlining their employee benefits programs, from selection to implementation and ongoing management. Our services include managing health insurance plans, retirement options, paid leave policies, and other employee benefits. We coordinate with providers, ensure compliance with regulatory requirements, and offer guidance to employees, helping businesses attract and retain top talent while reducing administrative burdens.
Contract Management Services
We provide contract management support by reviewing binding agreements to identify risks and suggest language that limits liability. Our team also helps clients create customized contract templates, ensuring clarity and protection in every agreement. This streamlined approach empowers clients to make informed decisions and build secure business relationships.
Human Resources & Payroll
We support businesses with recruitment, handbook development and management, employee onboarding, performance management, compliance, and training, helping build strong, motivated teams. Our payroll solutions ensure employees are paid accurately and on time, with tax filings managed seamlessly, making sure you stay compliant with the ever-changing landscape of policies.
Capital Improvements
From routine maintenance to major renovations, we issue detailed recommendations to develop a comprehensive preventative maintenance schedule ensuring capital improvements are planned for and assets remain in top condition, retaining their value over time.
Risk Management & Liability
We proactively assess potential risks across your operations, identifying vulnerabilities that could impact your business or asset performance. Our approach goes beyond merely analyzing risks; we collaborate with key stakeholders to create strategies that mitigate exposure before issues arise. Additionally, we coordinate and optimize insurance coverage to ensure your policies align with your investment goals, providing comprehensive protection without unnecessary premiums. With a focus on safeguarding both profitability and long-term growth, we continuously monitor emerging risks and market changes, offering proactive recommendations to minimize disruptions and preserve asset value.
Operational Systems & Profit Optimization
We help clients optimize the systems, processes, and policies that drive top-line revenue and control expenses down through and including debt service. Our focus is on streamlining operations, improving efficiency, and implementing strategies that reduce waste, control inventory, enhance productivity, and support sustainable growth. Whether it’s revenue management, vendor negotiation, or process improvement, we align business practices to maximize profitability and ensure operational excellence.
We evaluate asset performance through KPIs and benchmarks, identifying areas of improvement and optimizing operations to increase profitability.
Lucro Management
P.O. Box 1286
Auburn, ME 04211
(207) 782-5085