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CFO Solutions of Chicago
CFO Solutions of Chicago
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Fractional & Interim CFO Services

Many small to mid-size businesses simply can’t afford the expense of a full time CFO. However a majority of these companies would benefit substantially from having a dedicated senior level professional to help drive and grow their business. CFO Solutions of Chicago, Inc will provide you that expertise and guidence at an affordable cost.

The Role of a CFO

The role of a Chief Financial Officer (CFO) will vary from business to business. Determining factors include annual sales and the complexity of operations. Typically the CFO position will change over time, the key being that back end operations continually support the achievement of stated company objective(s). In a small business, or one in the initial years of growth, budgets are tight and cash flow may be limited. The CFO may be called upon to be more hands on in the area of functional responsibility. As sales grow, the complexity of cash flow management increases as does the need for accurate and timely reporting and budgeting. No matter what stage of growth a company is in, the CFO always works directly with the Chief Executive Officer or Executive Director as a critical partner in evaluating, designing, implementing and maintaining sustainable systems that will differentiate a business from its competition and keep them one step ahead.

When a Fractional CFO Makes Sense

In business, timing and proactive thinking is everything. Knowing that many companies often have needs that a bookkeeper, or outside accountant cannot address on a timely and consistent basis, a CEO often turns to a Part Time CFO to act as his strategic planning partner, accountability partner or simply to provide management skills and leadership in areas that are currently lacking. This usually takes place after a company has reached a critical stage where they need more professionalism but still cannot justify the expense of a full time CFO or Controller. The CEO wants to maintain the positive growth of an initial launch with minimal risk of going backwards. In addition to sales, net profits are affected by cash flow, employee retention, inventory control, and asset management. A seasoned CFO will also help create a culture of professionalism that will support Customer Service and Sales teams.
While there are no written rules defining what services a Fractional CFO may be asked to perform, typical examples include:
  • Monitoring and evaluating existing bookkeeping and HR functions
  • Cash Management – examining your company’s current cash flow including: Aged Receivables, company credit terms and how to deal with uncollectible accounts. As well as Aged Payables, extension of payment terms and available discounts.
  • Sales forecasting and expense budgeting for the company as a whole and various profit centers.
  • Establishment and maintenance of professional and productive legal, audit, and banking relationships.
  • Preparation and presentation of timely and accurate reports to boards, investors and governmental agencies.
  • Negotiation of:
    Equipment, furniture, automobile and office space leases
    IT and PBX networking, service contracts, hardware purchases and software compatibility
    Trucking and warehousing costs
  • Asset Maintenance including Security and Alarm Systems, Shredding, Recycling and Waste Removal Service
  • Evaluating personnel, including job descriptions, hiring, training, terminations, handbooks and evaluations.
  • Office Expansion Coordination between all vendors keeping project on time

Has your business grown to the point where a fractional CFO would benefit further growth?

Cash Flow Enhancement

Nobody wants their cash tied up in receivables and everybody wants to take advantage of special payment terms. Have systems in place to maximize vendor discounts and minimize overdue receivables. More cash in your pocket allows for more opportunity for growth.

Optimization of Financial Data

Whether it be a database or accounting system, you deserve reports that help you make better decisions. It all begins with policies and procedures. We take the time to make sure you receive intelligent information so you know how to best use resources.

Identify and Manage Risk

Risk can be mitigated through an effective system of checks and balances, due diligence, and quality relationships. We help create a culture of high integrity and confidence that important decisions are based on reasonable expectations.

Business Development Initiatives

You want your sales team to be more motivated? You want them to have SMART goals and information at their fingertips. A CFO will provide them with up to date figures and play a large role in helping them evaluate profit centers.

Focus on Sales Growth

A CFO will allow you to focus on your expertise. The days of putting out fires will be over. Whether it is a problem account, an impatient vendor or an insubordinate employee, imagine how good it will feel to say “ask my CFO”.

Stable Management

Employee retention and high turnover can become time consuming and expensive. Your team is the foundation of your organization. We advise how to hire, train, compensate, inspire and most of all retain top performers.

CFO Solutions of Chicago provides “on demand” expertise in finance, accounting, HR, strategic planning, relationshp building and other diverse management specialties.

Our unique service provides you with direct access to financial and operational expertise formerly available only to large organizations – but at a fraction of the cost of a full time executive.

Client success is our number one goal and our service and support goes beyond the finance and accounting department. Our CFO will carefully evaluate and thoughtfully address all areas that affect the financial and operational success of your company. From Business Plans to HR management, Strategic Planning to IT Support, CFO Solutions of Chicago can add substantial long term value to your bottom line.

Contact Us Today for More Information

95% of Small to Mid Sized Businesses Fail to Reach Their Potential

Discover how we can help you achieve your goals

Schedule a Free No Obligation Consultation Today

About CFO Solutions
Whether your organization needs a fractional CFO to manage infrastructure or a Business Coach to help plan your future, we can provide the knowledge, leadership and direction most appropriate for the stage and growth strategy of your company. We have the experience needed to assist CEOs, management teams and directors to develop and execute high level strategies and action plans.
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Client Testimonials
  • "CFO Solutions of Chicago brought the cash flow and inventory levels of our company under control. Due to their dedicated work on our budgets and forecasts they proved to be an invaluable asset when it came time to sell our business. When it comes to strategic planning, accurate information and cash management, CFO Solutions of Chicago exceeded our expectations and we are most thankful."
    Meir J.
    CEO
  • “I worked with CFO Solutions of Chicago for over a year during which time they were a tremendous help in putting systems in place for me to grow my business. Their ability to pinpoint and prioritize action steps saved me an incredible amount of time and money. Anyone looking to strategize with a true professional will find CFO Solutions of Chicago easy to work with and that they care about their client's success.” 
    Steve R.
    CEO
  • “Working with CFO Solutions of Chicago proved to be a very rewarding experience. Their insights and professionalism serve well those serious about growing their career or business."
    Marden P.
    CEO
  • “CFO Solutions of Chicago is a caring and accomplished professional organization. Their work as fractional CFO of our four community organizations proved to be both helpful and skilled. They would be an asset to any organization or corporation that was fortunate to have them."
    Paul A.
    Esq.
  • "CFO Solutions of Chicago performed as our CFO for 9 years. Their professionalism and people skills combine to make them a tremendous asset for any business owner hoping to expand. They are project oriented and always get the job done with complete efficiency. CFO Solutions of Chicago not only managed our accounting department, but also HR and IT. They are experts at putting an internal infrastructure in place to promote external growth and they have my highest recommendation."
    Brad R.
    Esq.
  • “CFO Solutions of Chicago are consummate and passionate professionals. They understand the complexities involved in being a leader and are able to creatively present those concepts in a simple and engaging manner. They worked with me to develop managerial skills that helped me take my professional talents to the next level. They came well prepared to all of our meetings and displayed a high level of integrity throughout our work together. They expected quality work from me and guided me in ensuring that I develop the tools to become a better leader and manager. I recommend CFO Solutions of Chicago highly as a business coach.”
    Beatrice B.
    COO
Contact Information
CFO Solutions of Chicago
Chicago, IL 60625

1-224-592-0283

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