CFO SQUAD REPORTS 35% GROWTH FOR THE FIRST HALF OF 2021
NEW YORK, N.Y. – (August 16, 2021) The CFO Squad, (www.cfosquad.com), a premier provider of outsourced CFO and financial reporting services to both private and public companies, has announced for the first six months of 2021, a 35% year-over-year growth in revenues. This continues a five-year trend of double-digit growth in revenues.
Our revenue growth in 2021 was not only achieved in our core services, but also resulted from increased demand for our other services including:
- Technical accounting services
- Backoffice accounting services
- Accounting and systems automation
- Financial modeling & investor presentation
- SPAC transaction & M&A services
- Human resources and recruiting services
Our growth has enabled us to expand our New York and Long Island Metro offices. In addition, the CFO Squad is planning to open additional offices in both the United States and internationally.
“With the current IPO market conditions and demand for companies looking to go public, our audit preparation services, supported by our technical accounting team, is changing the way we approach our clients,” says Joseph Himy, Managing Director and Founder of the CFO Squad. “We continue to expand the capacity of our technical accounting team to assist our publicly traded clients through very complex transactions, thereby allowing our clients to focus on their companies’ operations.”
“Our recent alliance with an established accounting & system automation firm helped us land new projects in the second quarter of 2021. CFO Squad is also seeking ways to help its clients better automate their financial reporting process, thereby allowing them to simplify the steps needed to reconcile or consolidate their information. New dynamic tools such as executive dashboards can put management in more control of their informational flow. Our team can assist with workflow engineering, operations metrics development, customizing inventory management systems, designing custom applications, fulfillment process design, new technology introduction, physical and process controls reviews.
“In addition, our Backoffice Accounting Services also saw significant growth in the second quarter of 2021.” According to Yoni Novak, CPA, and Senior Manager of CFO Squad’s Back Office Accounting division, “Small- and mid-sized businesses need to be efficient with their operations. Bringing the entire back-office function into a one-stop solution saves our clients time and enables them to more extensively benefit from our ‘been-there-and-done-it’ expertise and experience,” Mr. Novak said. Mr. Himy concurred: “More and more of our clients are coming to us because they are feeling the pressure to better leverage their financial data and interpret business signals in an increasingly competitive market, combined with the need to navigate a very complex, ever-changing financial reporting and regulatory environment.”
The CFO Squad provides its clients with access to financial reporting experts at an affordable price and is aligned with the today’s trend of reducing or averting the cost burden of a large back-office accounting staff. In addition to financial oversight and meeting regulatory requirements, clients rely on the CFO Squad to help them through capital raising process, support complex business transactions such as mergers or acquisitions (M&A), navigating initial public offering (IPO) and SEC filings, or being uplisted from the OTC markets to a Tier 1 exchanges like the Nasdaq.
ABOUT THE CFO SQUAD
The CFO Squad is an accounting consulting firm that specializes in financial reporting, technical accounting research, tax compliance, outsourced accounting, and CFO advisory services for companies of various sizes and industries. From complex technical accounting transactions to periodic financial reporting, our professionals can offer an organization the specialized expertise and multilayered skill sets to ensure their accounting projects are completed timely and accurately. To learn more, please visit: https://www.cfosquad.com or call us at 845-613-3394.
NEW YORK CITY, NEW YORK OFFICE
575 Lexington Avenue, 4th Floor
New York, NY 10022
WOODMERE, LONG ISLAND OFFICE
Woodmere, NY 11598
SPRINGFIELD, NEW JERSEY OFFICE
623 Morris Avenue
Springfield, NJ 07081
Davao City 8000
Joseph Himy, CPA
Managing Director & Founder