Portland Outsourced CFO
The impact of COVID-19 has been felt by businesses in Portland and across Maine 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.
Maine Virtual CFO
Selden Fox works with businesses in Portland and across Maine (ME) 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.
Portland 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