The CFO Squad Reports 75% Year over Year Growth In the First Half of 2019
NEW YORK, N.Y. – (Aug XX, 2019) The CFO Squad, (www.cfosquad.com) a premier provider of outsourced CFO and financial business services to both private and public companies, has announced 75% year-over-year growth for the first half of 2019.
The CFO Squad helps both public and privately-held organizations make smart financial decisions and navigate compliance with ever changing financial reporting and revenue recognition standards. Among today’s everything-as-a-service economy, The CFO Squad’s flexible business model meets the needs of fast-growing companies looking to augment their core accounting up through CFO-level requirements, at a fraction of the cost.
The continued increase in demand for CFO Squad’s core professional and accounting services, and the launch of several new offerings has fueled over 75% growth in revenue, helping support the expansion of its new offices in the New York and New Jersey Metro area to better service its clients.
Among The CFO Squad’s fastest growing services and projects, include:
- Technical accounting projects driven by the need to comply with new revenue recognition standards such as ASC-606 and new lease accounting regulations ASC-842
- Accounting for business combinations in accordance with ASC-805
- Assisting with audits and SEC reporting requirements (S-1, 8K, 10Q, 10K, SOX 404)
- New business segment for private companies for outsourced CFO, controller services
- Launch of accounting software solutions practice to help clients automate financial processes and better scale for growth
The CFO Squad’s access to seasoned CFOs and financial experts at an affordable price has aligned with the transition in the marketplace where fast growing companies prefer to not carry the burden of a large back office accounting staff. This increase in demand for its core services, coupled with the success of new complementary services including technical accounting and software solutions, is fueling the CFO Squad’s continued growth.
“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,” said Joseph Himy, Founder and Managing Director of The CFO Squad.
In addition to financial oversight and meeting regulatory requirements, clients seek The CFO Squad to help source and raising capital, support business transactions such as mergers or acquisitions (M&A), navigating an initial public offering (IPO), or uplifting from the OTC markets to a tier-1 exchange like the Nasdaq.
To learn more:
About CFO Squad
The CFO Squad is an accounting consulting firm that provides a variety of financial reporting services through a team of experts at a fraction of the cost for a single staff accountant supporting a client throughout the year. The CFO Squad provides services to both public and private companies nationally and internationally, with offices in New York City, New Jersey and Long Island, NY. To learn more, please visit: www.cfosquad.com
PR Contact Information: