Outsourced CFO – Wilmington (DE)
Many organizations in Wilmington and across Delaware have accounting departments that are 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 its 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) that 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 – Delaware
WhippleWood CPAs offers Virtual CFO services to companies in Wilmington and across Delaware. 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 – Wilmington (DE)
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 Wilmington Outsourced CFOs
WhippleWood CPAs offers Virtual CFO services to companies in Wilmington and across Delaware remotely from our Denver offices. For additional information on and how we can assist you, complete the form below and a team member will follow up promptly.
About Wilmington (DE)
Wilmington, Delaware, often referred to as the corporate capital of the world, has a business community that is as dynamic and sophisticated as its storied history in American commerce. The city’s reputation as a corporate haven is anchored by its favorable business laws, a responsive and specialized court system, and a business-friendly tax structure. These attributes have made Wilmington the preferred domicile for numerous corporations, not least of which includes more than half of the Fortune 500 companies.
The city’s skyline, punctuated by the headquarters of major banks and financial institutions, speaks to its status as a financial powerhouse. The credit card industry, in particular, has a significant presence, with large players having set up their operations in Wilmington, taking advantage of the state’s liberal banking laws.
Apart from finance, the city also has a burgeoning science and technology sector. The legacy of the famed DuPont company has transitioned into a hub for innovation in chemicals, materials science, and biotechnology. The area’s research institutions and universities contribute to a thriving environment for startups and established firms in these fields.