Outsourced CFO Services – Chicago Naperville (IL)

Chicago Outsourced CFO Services

The impact of COVID-19 has been felt by businesses in Chicago, Naperville, and across Illinois. The combination of forced business closures and sharp reductions in demand left many to make difficult decisions, including staffing and employment issues. This resulted in a large section of the workforce being laid off, furloughed, or terminated. Now that the focus is shifting from survival to recovery many have realized that the high-level skills, leadership, and experience needed to help on the road to recovery are not available internally and may not be necessary in a full-time capacity. This is especially true of the accounting department where only essential staff was often retained to manage essential daily tasks. Unfortunately, many companies now lack the resources needed to not only manage the accounting function but also assist with the recovery strategy.

Selden Fox works with businesses across Chicago (IL) providing virtual CFO services designed to meet specific goals and objectives. Our team of seasoned professionals can help in obtaining new financing, renewing lines of credit, and assisting with cost/revenue benefit analysis. They go beyond just keeping the books accurate to offering seasoned insight, direction, and guidance on essential business topics.

Chicago Outsourced CFO Services

• Budget Preparation & Reporting
• Financial Forecasting & Modeling
• Assistance Obtaining Financing
• Software Selection & Implementation
• Profitability Analysis by Service or Group
• Lease vs Buy Decisions
• Treasury Management

Map of Chicago (IL)

About Chicago (IL)

One of the defining characteristics of the Chicago business community is its resilience. Throughout its history, the city has faced numerous challenges, including economic downturns, political upheavals, and natural disasters. However, time and again, the community has demonstrated its ability to bounce back, reinvent itself, and adapt to changing circumstances.

Key sectors that drive the Chicago business community include finance, manufacturing, technology, healthcare, transportation, and logistics. The city is home to a wide range of financial institutions, making it a significant center for banking, investment, and trading. Additionally, Chicago’s manufacturing sector has a storied legacy, producing everything from automobiles to food products, cementing its reputation as the “City of Big Shoulders.”

As technology continues to shape the modern world, Chicago has embraced innovation and become a prominent player in the tech industry. The emergence of startup incubators, tech accelerators, and venture capital firms has fostered a thriving entrepreneurial spirit in the city.

Contact Our Chicago Outsourced CFO Team

Selden Fox can provide outsourced accounting and virtual CFO services to small to mid-sized private businesses, nonprofits, and government entities. If you are interested in learning more about our virtual CFO services for Chicago, Naperville, and companies across Illinois, complete the form below, and you will receive a prompt response.