Benefits of CFO Services | Gloves Off Ownership Series

YOUNGSTOWN, Ohio — Chief financial officers, or CFOs, are responsible for managing the financial actions of a company. This can include financial planning, and analyzing a company’s financial strengths and weaknesses.

However, not all companies opt to hire a CFO, either because they don’t have the funds for it or they don’t need a full-time CFO.

Through its CFO Services, HD Davis CPAs can work with these companies to help improve their processes and financial management without having to hire a CFO of their own. Indeed, there is a need for CFO services in the Mahoning Valley, says Ken McBride, director of CFO Services.

“Turnover protection is the number one thing right now,” McBride says. “Hiring is tough, the job market is hot and having a firm provide your business the CFO services shifts a large and important responsibility from one individual to a qualified team of individuals.”

This allows the business owner to focus on running the business, he says.

Hear more from McBride in the video above.

Copyright 2021 The Business Journal, Youngstown, Ohio.