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Outsourced CFO Services Near Elk Grove Village

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Outsourced CFO Services Near Elk Grove Village

A modest suburb that’s just a half-hour commute from Chicago, Elk Grove Village is an ideal, picturesque town for people who want to be near the Windy City without the hustle, bustle, lower presence of nature, and slightly higher cost of living. It also plays an important role in the greater Chicagoland area as it boasts one of the largest industrial parks in the country, running about 5.4 square miles, 3,800+ businesses, and a whopping 62,000,000 square feet of inventory.

It’s also one of the largest concentrations and strongholds of manufacturing in the Midwest, the 2nd largest behind Chicago, and a massive hub for factories, retail, and healthcare work. If you’re a prospective Illinois entrepreneur who wants to get in on the action but isn’t entirely sure where to start, then you shouldn’t be afraid to ask for help. If you don’t have enough time to get a handle on your enterprises’ finances, on top of all the other obligations you’re saddled with as a business owner, then a Chief Financial Officer can lend that much needed helping hand. Read on to learn more about what outsourced CFO services near Elk Grove Village can do for you.

What Can An Outsourced CFO Do For You?

A CFO is like the ultimate coach for your business’ finances, pulling out every stop in the playbook to ensure that things are running as smoothly, seamlessly, and optimally as they can run. A versatile CFO can offload all manner of responsibilities from your plate, including:

  • Overall budget and cash flow management
  • Arrange timely tax management 
  • Short term and long term performance forecasts
  • Acquisitions and merger negotiations
  • Payroll
  • Collection and ROI amplification
  • Staffing and recruiting
  • Overall strategic leadership

This might all seem like a lot. Ironically, you might be wondering if hiring someone not to break your bank could break your bank in the process, and certainly, you probably would have to pay a pretty penny for a full-time, in-house, permanent CFO. As you can see on salary.com, that annual payout can easily run upwards of six figures. Fortunately, you can enjoy these services on a more outsourced, fractional basis for a modicum of the price.

What’s Advantageous About An Outsourced CFO?

In general, any competent CFO has to know their stuff to get to the place they’re at now. The best of the best will have advanced education relevant to their line of work (finance, accounting, business, etc.), at least a decade of hands-on professional experience, and enough versatility to handle a plethora of tasks across a plethora of different industries. It might sound weird to say of the cheaper option, but an outsourced CFO may have more diversified experience because of the sheer number of short-term clients they’ve dealt with. Thus, you’re getting more bang for your buck in more ways than one.

That’s all a maybe, and one you’ll have to evaluate yourself on a case by case basis. But if there’s one thing we do know, we know the best CFO team in the Greater Chicagoland area, and that team is CFO Simplified. Contact us today to learn more about how our outsourced CFO services near Elk Grove Village to get demonstrable, exciting results!

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