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Outsourced CFO Services

Growing businesses often reach a point where they need professional financial advice but can't afford a full-time CFO or controller.

If you're fortunate enough to be in this position, then we have the perfect solution for you. Our Outsourced CFO services gives you a professional financial manager who works with you to help guide your business to success.

The cost of hiring a full-time CFO can range from $125,000 to over $200,000 per year plus bonuses and benefits. Outsourced CFO services provides you with experienced support at a small fraction of that cost.

While your accounting staff may be doing a great job at the transactional level, a financial executive on your team from Burke Financial Services provides you with:

  • 28 years as a financial executive in the middle-market industries (from $10 million in sales to $100 million).
  • A strategic partner to the CEO/President.
  • Not only accurate and timely financial reporting but also high-level insight.
  • Growth and value driven decision making and sounding board.

  • We begin our CFO engagement with an initial consultation and listening to what you need and getting to know your business.  The scope of our assignment is written up in an engagement letter, which outlines the on-going services we will provide.  Additional scope and special project type work can be added at any time by the client.   Typical Value-Added services we provide as an Outsourced CFO or Special Projects Include:

    • Accounting Staff Oversight
      • Daily responsibility management
      • Segregation of duties
      • Staff development and performance improvement
      • Staffing levels and cost control
      • Process and procedure design and compliance
      • Prioritization and task management
    • Financial Reporting and Analysis
      • In addition to basic financial reporting, we explain what the numbers mean.
      • Key Performance Indicator (KPI) dashboard reports –
      • Trending analysis with early warning indicators.
    • Financial Planning
      • Cash Management and forecasting
      • Budgets and long term (3 to 5 year) strategic financial modeling
      • Business plan development
    • Financial Infrastructure Development and Optimization
      • Financial staffing plans and training to assure scalability can be achieved
      • Accounting software and hardware evaluation, selection and implementation
      • Policy and procedure development to assure adequate internal control, audit readiness and third-party compliance.
    • Special Projects
      • Cost reduction analysis and initiatives
      • Pricing analysis and margin preservation strategies
      • Benchmark financial data for best in class comparisons and goal setting
      • Re-capitalization – structuring debt lines and equity investments
      • Pitch deck preparation for debt and equity infusions
      • Turn-around strategies and execution
      • Benefit package analysis and negotiation
      • AR and Collections Management 

If you'd like to learn more about our Part-Time CFO Services please complete this form to get a Free Consultation.

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Welcome to Burke Financial Services Accounting firm licensed in IL.

We offer a broad range of services for business owners, executives, and independent professionals. We are affordable, experienced, and friendly.
Please call us today at (630)707-3059. We'll be happy to offer you a free initial consultation. Thanks for visiting!

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