In 2008, CFO Interventions, LLC (now CFO Simplified) was formed to work with privately held, family owned businesses, helping them improve their operations, their cash flow and their bottom line.
Initially working in business turnaround, the company was receiving referrals from attorneys whose clients were facing severe financial difficulties. While working with banks to support their clients during those difficult months, the company developed a reputation for getting the job done with high integrity, hard work, and by finding creative solutions that met the needs of not only the client owner, but the employees and the lender as well.
Soon banks started calling on CFO Simplified to verify assets and financial statements of their portfolio companies. Not too long after, banks added the company to their short list of business consultants who were suggested to help shore up a company’s financial operations, and strengthen their financial statements. Clients started to ask our consultants to stay on after the bank engagement had ended, and the company began providing Part Time CFO services to its clients.
During this time, the company affiliated with other experts in business support, providing Succession Planning services to many clients, including Tax Planning, Social Services, Financial Advisory, and Corporate Valuation services. But the core of CFO Simplified’s focus remained working with small to mid-sized businesses in cash flow improvement, financial reporting, strengthening internal controls and improving profitability.
In 2015, with the addition of other team members, CFO Simplified was able to serve more companies in the SMB space throughout the Chicago Market, from Joliet in the south, to Rockford in the north. With the increased capability provided by a larger team, and the concentration on serving businesses from Start-up to successful businesses with sales of $30 million annually, the company continues to fulfill its motto, Part-Time CFOs, Full Time Results, by concentrating on helping all businesses improve their operations, cash flow, profitability and financial reporting.