Outsourced CFO Services – New York (NY)

New York Outsourced CFO

The impact of COVID-19 has been felt by businesses in New York City and across New York.  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.

New York Virtual CFO

Selden Fox works with businesses in New York City and across New York (NY) 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.

New York 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 New York, NY

About New York (NY)

New York City is home to the New York Stock Exchange, the world’s largest stock exchange, and many of the world’s largest financial institutions, including JPMorgan Chase, Goldman Sachs, and Citigroup. The city is also a hub for the media industry, with several major companies, including NBCUniversal and Time Warner, having a significant presence in the area. In addition to its established industries, New York City has a growing technology industry, with several tech startups, including WeWork and Squarespace, having been founded in the city. The city is also known for its fashion industry, with several major fashion houses, including Ralph Lauren and Calvin Klein, headquartered in the city.

The local government in New York City offers incentives and support for businesses looking to locate or expand in the area, including tax credits, grants, and other programs. The city has also implemented initiatives aimed at attracting and retaining young professionals, including a program that provides up to $10,000 in student loan repayment assistance for eligible employees.

Contact Our New York Outsourced CFO Team

From our Chicago offices, Selden Fox provides 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 New York and companies across New York (NY), complete the form below, and you will receive a prompt response.