Outsourced CFO Services – Sioux Falls (SD)

Sioux Falls Outsourced CFO

The impact of COVID-19 has been felt by businesses in Sioux Falls and across South Dakota. 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.

South Dakota Virtual CFO

Selden Fox works with businesses in Sioux Falls and across South Dakota (SD) 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.

Sioux Falls 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 Sioux Falls (SD)

Contact Our Sioux Falls 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 Sioux Falls and companies across (SD) complete the form below, and you will receive a prompt response.

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About Sioux Falls (SD)

One of the key strengths of the Sioux Falls business community lies in its diverse economic base. While agriculture remains an essential pillar of the local economy, the city has diversified its industries, embracing technology, healthcare, financial services, and manufacturing. This diversity not only insulates the city from the risks associated with reliance on a single industry but also opens up avenues for innovation and cross-industry collaboration.

The business community in Sioux Falls thrives on a culture of collaboration and support. Networking events, business associations, and mentorship programs create an ecosystem where entrepreneurs can learn from one another, forge valuable partnerships, and access resources crucial for their success. Moreover, the city’s close-knit community fosters a spirit of camaraderie, where businesses and individuals work together to address challenges and seize opportunities.