CFO Squad Launches Fourth Office to Meet Growing Client Demand

Posted by Joseph Himy
Category:

CFO Squad opens a full service accounting office in the Philippines to better meet increased
demand and service requirements from its expanding domestic and global client base.

NEW YORK, N.Y. – (Sept 11th 2020) The CFO Squad, (www.cfosquad.com) a premier
provider of outsourced CFO and financial reporting services to both private and public
companies, has announced the opening of its fourth full-service accounting office in Davao City,
Philippines. The opening of this new office was in response to the increased demand and
service requirements from its expanding domestic and global client base.


“Our newest office in the Philippines represents our fourth full service accounting office, and
compliments our continued expansion in terms of both office space, and recruiting additional
talent, over the last few years on the East Coast,” said Joseph Himy, Founder and Managing
Director of CFO Squad. “This new office will enable our team of experts to better serve clients
that are headquartered on the West Coast, many of whom have operations across Asia.”


Among today’s uncertain and volatile economic conditions, more companies are looking for
seasoned financial professional guidance to better achieve business growth, while mitigating
risk. This has led to an increased demand for CFO Squad’s services, including organizations
with global operations looking to outsource many of their back-office functions, or raise capital to
support their liquidity and growth objectives.


There has also been a strong demand for IPO readiness and Audit Preparation services in
2020. Specifically, the “blank check” acquisition funds known as special purpose acquisition
companies, or SPACs, have raised more than an estimated $30 billion so far this year, versus
$13 billion in all of last year. “We can assist the SPAC with its IPO process, and help it stay
current with its SEC filings and also allow the acquired company to focus on its core business
operations,” said Yoni Novak, Senior Manager and Director of CFO Squad’s Long Island Office.


The CFO Squad will offer its full suite of corporate finance and accounting services from its new
office in the Philippines. This includes outsourced bookkeeping and technical accounting
services, mergers and acquisitions, CFO consulting services, IPO readiness, audit preparation,
tax and compliance, as well as SEC and financial reporting services.

 

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