Outsourced CFO Services – Providence RI

Providence Outsourced CFO

The impact of COVID-19 has been felt by businesses in Providence and across Rhode Island. 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.

Rhode Island Virtual CFO

Selden Fox works with businesses in Providence and across Rhode Island (RI) 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.

Providence 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

Selden Fox is very professional and thorough in their work and services. The staff was very easy to work with and and very helpful.

Map of Providence (RI)

Contact Our Providence 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 Providence and companies across (RI) complete the form below, and you will receive a prompt response.

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About Providence (RI)

Providence’s economic canvas is a masterpiece painted with strokes from various industries. Anchored by its renowned institutions of higher learning, such as Brown University and the Rhode Island School of Design (RISD), the city has fostered a climate of intellectual curiosity and ingenuity. These institutions not only educate the minds of tomorrow’s leaders but also contribute to research and innovation that fuel the local economy. The academic ecosystem has spurred collaborations between students, researchers, and businesses, giving rise to startups and ventures that push boundaries.

Beyond its academic institutions, Providence pulses with a robust array of businesses across sectors. The city’s historic roots in manufacturing have paved the way for a modern manufacturing landscape that embraces technological advancements. From textiles to advanced materials, companies have found a home where tradition and innovation coalesce. Healthcare institutions provide quality medical services, contributing not only to the health of the community but also to the economic vitality of the city.