Executives and business owners are more often than not focused on the long-term success of their organization. Inevitably, a key component of this success is growth. Finding new ways to serve existing customers while expanding market presence through new products and/or service offerings is essential. When these efforts are successful the results can be astounding. Although periods of accelerated growth can certainly be exciting, they also open the door to new challenges. From a financial perspective, there may be the need to secure new sources of funding, enhanced reporting, and the addition of more robust forecasting and planning tools.
When these challenges arise, management can either rely on existing staff or look to hire a seasoned professional. In many cases, existing staff may not have the experience needed, and hiring can be costly. For this reason, many turn to a virtual CFO as a solution. Virtual CFOs are outsourced professionals that “plugin” and immediately start working towards helping you achieve your financial goals and objectives. As an outsourced function, there are no expensive salaries, onboarding and training programs, and the cost of employee benefits.
Virtual CFO Experience
Our team of seasoned professionals provides “as needed” CFO support to dozens of companies, nonprofits, and government entities. The unique blend of technical expertise and practical experience allows our team to bring a new dimension of value. Our experience with a variety of organizations provides access to best practices that illuminate your path to success. Whether the need is assistance with a one-time project or ongoing to senior financial support for a growing company, Selden Fox stands ready to help.
Virtual CFO Services
- Budget preparation and reporting
- Cash flow planning and forecasting
- Financial forecasting and modeling
- Financing and line of credit extension
- Lease versus buy decisions
- Profitability analysis by service/group
- Treasury management
When financial and accounting needs rapidly change it is important to have a seasoned chief financial officer who can build infrastructure, assist in financial strategy, develop and update processes, and manage change. If you are looking for senior level assistance for your finance and accounting needs, Selden Fox can help. For additional information call 630.954.1400 or click here to contact us. We look forward to speaking with you soon.