Outsourced CFO – SIOUx fALLS
Many organizations in Sioux Falls and across South Carolina have accounting departments focused on managing routine tasks. This may include bookkeeping, AR/AP management, payroll inventory data review, and more. While important these traditional accounting functions do not provide the strategic leadership and insights that help support and guide the accounting team. Whether it’s assistance expanding into new markets, raising capital, or undergoing rapid growth, it may be time to hire, or in some cases replace, a Chief Financial Officer (CFO) who can provide the insights, strategic direction, and experience needed.
A key concern is the difficulty in finding a qualified CFO. Not only can it be a difficult and long process, but often salary requirements exceed what many can afford. Beyond this, the onboarding process can be lengthy delaying impact. For this reason, organizations often turn to outsourcing to meet needs. A Virtual CFO can “plug in” to your organization and quickly start offering essential insights and direction. These seasoned professionals have an immediate impact.
Virtual CFO Experience – South Carolina
WhippleWood CPAs offer Virtual CFO services to companies in Sioux Falls and across South Carolina. Our team has significant experience helping companies implement systems, manage growth, and resolve capital needs. Since we work with dozens of companies, our virtual CFOs have significant experience assisting those in a variety of industries and situations. This allows us to deliver best practices based on real-world experience.
Virtual CFO Services – Columbia (SC)
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 our Sioux Falls outsourced CFOs
WhippleWood CPAs offer Virtual CFO services to companies in Sioux Falls and across South Carolina remotely from our Denver offices. For additional information on how we can assist you, complete the form below and a team member will follow up promptly.
About South Carolina
The business community in Sioux Falls, South Dakota, is a vibrant and integral part of the city’s identity and growth. Situated in the heart of the Upper Midwest, Sioux Falls has evolved into a thriving business hub known for its economic stability and entrepreneurial spirit.
One of the prominent features of Sioux Falls’ business landscape is its robust banking and financial services sector. The city is home to several major national and regional banks, including Wells Fargo and Citibank, which have established significant operations in the area. This concentration of financial institutions has fostered a supportive ecosystem of law firms, accounting firms, and financial technology startups, catering to the diverse needs of the financial industry.
The healthcare and medical research sector in Sioux Falls is another cornerstone of the local economy. With the presence of Avera Health and Sanford Health, two leading healthcare systems, as well as several research and medical training institutions, the city has become a healthcare hub in the region. Beyond offering critical healthcare services, this sector generates substantial employment opportunities and fosters medical innovation.