Your Outsourced CFO (YOCFO) Partners with Philadelphia Industrial Development Corporation (PIDC) To Empower Emerging Small Businesses With Financial Process, Structure, & Strategy
Firms benefit from YOCFO financial intelligence, operational clarity, and key metrics for measuring growth to aid in forecasting future success.
Your Outsourced CFO, a leader in providing financial process, structure, and strategy to businesses in the Philadelphia region, has been chosen by the Philadelphia Industrial Development Corporation to provide financial guidance to PIDC clients.
YOCFO has partnered with PIDC clients, bringing their services to small businesses at a critical time in each company’s development.
PIDC is a non-profit, public-private economic development organization that spurs investment to bring growth to the Philadelphia region through business loans, investment, and a large portfolio of commercial and industrial real estate.
“We’re honored to have been chosen by PIDC to assist these Philadelphia businesses in making better-informed financial decisions as they continue to grow within the community”, said Jeff Bruno, Founder & CEO of Your Outsourced CFO. “We are helping to guide them to clear and company-specific financial intelligence that allows them to monitor and measure their progress on a monthly basis. Using our proprietary FIGS® “scorecard”, we’ve found a way to quantify how these companies progress and improve over the first year of an engagement.”
Using the FIGS® (Financial Intelligence Growth Score) process, the YOCFO team analyzes and assesses the financial operations, financial reporting, financial metrics, and business intelligence of the client on a quarterly basis. This gives the client, PIDC, and YOCFO a clear assessment of the client’s financial and operational position, as well as understanding how well leadership is doing at meeting their current and future growth targets. During the engagements YOCFO benefits the client via a needs-based assessment that evolves as the company grows. For example, YOCFO has helped clients manage and improve monthly cash flow, designed a strategic plan for expansion, and has helped pair the client with PIDC products as the organization began to grow.
PIDC chose to partner with Your Outsourced CFO due to the company’s vast experience with the intricacies of running small & medium sized businesses and their knowledge of and connections to complimentary service companies within the region.
“PIDC is thrilled to partner with Your Outsourced CFO to provide in-depth information and support services to our clients,” said Wanda Speight, Senior Credit Officer and Senior Vice President, Credit and Portfolio Management at PIDC. “Our pilot work with Your Outsourced CFO has already shown tangible results for our small business clients and we are excited to expand our partnership to benefit more business owners.”
Your Outsourced CFO helps the modern CEO strategize for growth, while continuing to manage critical financial processes monthly, quarterly and annually. We act as your executive sounding board and work with you through every major decision to help achieve growth milestones.