When a company experiences unexpected change it can be a difficult time. Finding a qualified Chief Financial Officer or Controller to replace departing team members can be a long and competitive process. The time needed to identify candidates, work through the interview process, and onboard a new financial executive can take months. In addition, the hiring costs can be substantial when one considers salary and wages, insurance benefits, paid time off, and even performance bonuses. This doesn’t even include the time needed to become familiar with systems, processes, and people.
In other cases, the catalyst for change is the growth and evolution of the company. Periods of growth not only open the door to a larger bottom line but also new opportunities that require more sophisticated financial leadership. Capital acquisition, lines of credit, financing, and contract reviews requires a senior financial professional that can bring insights and best practices to the process. Unfortunately, many businesses simply do not have the resources or experience to hire, pay, and manage such individuals.
For this reason, many companies are turning to Outsourced CFO services. Immediate access to senior accounting professionals allows the company to address issues, tackle challenges, and complete strategic projects. Since our professionals work with dozens of companies in multiple industries, they can share best practices and implement solutions in a much shorter timeframe than a traditional hire.
Virtual CFO Services
Whipplewood CPAs works with Denver businesses and organizations providing outsourced CFO services to resolve immediate issues while addressing long-term objectives. From the first day, our seasoned professionals immediately “plugin” and start working on agreed-upon goals and objectives. Whether it helps with obtaining new financing, updating lines of credit, or assisting with lease vs buy decisions, our team of seasoned professionals is ready to lead the way.
Denver Outsourced CFO Services
Below is a summary list of the virtual CFO services provided to companies and organizations, including:
- Accounting Software Selection/Implementation
- Accounting Staff Mentoring/Training
- Budgeting & Forecasting
- Bank Finance Meeting Preparation
- Capital Asset Acquisition Evaluations
- Cash Flow Forecasting/Optimization
- Contract Review
- Financial Improvement Plans
- Key Metric Benchmarking/Trend Analysis
- Lease v Buy Decisions
- Treasury Management
Contact Us
There are many benefits to working with an Outsourced CFO on a temporary or ongoing basis. This is especially true for companies going through transition that require the leadership and guidance needed to navigate new situations. To learn more about how Whipplewood CPAs can help, click here to complete our contact form. We look forward to speaking with you soon.
