The CFO Squad Experiences Significant Growth in Q1 of 2014

Posted by Riverwhite2016
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Key Drivers: Virtual SEC Financial Reporting, M&A Vertical Services

NEW YORK, N.Y. (April 24th, 2014): The CFO Squad, LLC, a premier provider of outsourced CFO and financial business services to both private and public companies, experienced significant growth during the first quarter of calendar year 2014.  Key services responsible for the growth included the Company’s Virtual SEC Financial Reporting Service, and the firm’s new Mergers & Acquisitions and Due Diligence vertical services.  Clients retaining The CFO Squad for these services experienced lower total audit time and costs, and improved preparation of SEC reports, including Forms 10-Q’s and 10-K’s.

Even off the heels of a great 2013 for IPOs and M&A activity, 2014 is shaping up to be ever better.  With improved market conditions helping drive the availability and low cost of debt, in addition to supporting strong valuations, businesses are more inclined to entertain offers.  The Virtual SECFinancial Reporting Service, and the Merger & Acquisition services from The CFO Squad, provide a low cost, high impact solution for clients to best take advantage of this opportunity.

Virtual SEC Financial Reporting Service 

To help clients reduce financial reporting and audits costs, The CFO Squad’s Virtual SEC Financial Reporting Service is an innovative service for public companies looking to outsource the preparation of their annual SEC Form 10-K and quarterly SEC Form 10-Q financial statements, along with SEC Form 8-K when required.

Using a proprietary financial reporting system, The CFO Squad organizes a company’s financial records and prepares the required schedules necessary for the outside audit firms to conduct their reviews and certified audits in accordance with GAAP and SEC regulatory requirements.

“This unique approach automates the entire financial reporting process, starting with the company’s books and records, establishing the required work-papers, assisting with the supporting documentation and concluding with the consolidated financial statements,” said Joseph Himy, CFO Squad Managing Director.

2014 Client Adoption Seen Across Industries

In the first quarter of 2014 alone, companies spanning numerous industry segments have signed up for the Virtual SEC Financial Reporting Service. Included among these are clients in the electronic and asset recovery industry, a beverage company, specialty dairy products, international and domestic telecommunications, construction and engineering staffing, and an aerospace engineering firm.

“I am very pleased with our growth and the interest from both the public and private sectors”, saidMichael Armandi, CFO Squad Chief Operating Officer.  “I believe our virtual approach in preparing private companies to go public, and maintaining those that are public, have been met with overwhelming appeal.  The ability to provide the necessary services to support both the auditing firms and SEC attorneys with true cost savings for the client is creating winning situations for all involved”.

New Mergers and Acquisition and Due Diligence Vertical Service  

During the first quarter ended March 31, 2014, The CFO Squad launched the Mergers and Acquisition and Due Diligence Vertical Service, providing clients buy and sell side Merger & Acquisition advisory services.

This new service provides The CFO Squad clients with a team of seasoned financial professionals with established expertise in performing the necessary guidance from pre-acquisition (deep) due diligence to post-acquisition finance, accounting and IT integration. Advisory services include acquisition integration, which has been noted as the greatest cause for concern in achieving M&A success. The CFO Squad brings an organized and proven methodology to the due diligence process.  By establishing a due diligence team, and structure the fact-gathering and analysis tasks into logical functional categories, this allows the critical work to get done quickly and provide the insight needed to make the right choices.

“We provide management with strategic and operational analysis with fresh insights.  In the first quarter alone we were retained by three clients to perform this service, and expect that number to grow into the second quarter and into the rest of the year,” said Mr. Jospeh Himy, Managing Director.

For more information on The CFO Squad and its services, visit www.www.cfosquad.com, or on Facebook:www.facebook.com/CFOsquad