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Your Embedded Partner Bringing Financial Clarity

4.8
3 reviews

Your Outsourced CFO (YOCFO) embeds and partners with small business owners to remove the pain of financial, sales, growth and profit understanding, while providing clarity of cash flows, alignment of revenue & profit goals with measurable metrics which helps CEO/Owners achieve their growth targets for themselves and their company.

 

YOCFO does this by providing monthly support for the CEO, the financial department, and key employees by aligning and explaining the financials, improving internal processes, stressing accountability and informing and supporting their decision-making process.

 

The services that help CEO/Owners to achieve these steps include, chart of account alignment, budgeting, forecasting, financial and sales technology improvement, debt & equity market negotiation, employee contract and compensation models, sales department alignment & measuring for organic growth, along with monthly key performance metric tracking and analysis.

 

ALL geared to informing the forward-looking strategy necessary to maximize profitability, asset building and exit/succession planning.

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$1,000+
 
Undisclosed
 
2 - 9
 Founded
2013
Show all +
Philadelphia, PA
headquarters
  • 1760 Market Street, Suite 1200
    Philadelphia, PA 19103
    United States
    +1.215.470.7887

Reviews

4.8
3 reviews
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Outsourced CFO Services for Financial Planning Company

"They do what we expect them to do."

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5.0

Quality: 
5.0
Schedule: 
5.0
Cost: 
5.0
Willing to refer: 
5.0
The Project
 
Confidential
 
Jan. 2013 - Ongoing
Project summary: 

Your Outsourced CFO assists with cash flow management, financial planning, and tax season prep. They also helped the client pay off debt. 

The Reviewer
 
1-10 Employees
 
Philadelphia, Pennsylvania
CEO, Financial Planning Company
 
Verified
The Review
Feedback summary: 

Your Outsourced CFO has helped the client make important business decisions while providing them with peace of mind. The team is understanding, innovative, and reliable. 

A Clutch analyst personally interviewed this client over the phone. Below is an edited transcript.

BACKGROUND

Introduce your business and what you do there.

We’re a fee-based financial planning company. I’m the founder and CEO.

OPPORTUNITY / CHALLENGE

What challenges were you trying to address with Your Outsourced CFO?

We hired them to help us with cash flow management and understanding our expenses and how we make money. They also helped us create a plan to pay down the debt that we accumulated from taxes.

SOLUTION

What was the scope of their involvement?

They created a large, complex spreadsheet of all kinds of data points and trigger points to help us plan better. I think they also used QuickBooks. We’re still working with them on cash flow management and financial planning.  

What is the team composition?

We work with Jeff and Andrea. We also worked with another teammate, but they’re no longer at the company. 

How did you come to work with Your Outsourced CFO?

I met Jeff through my old business partner. 

How much have you invested in them? 

I spend about $500 per month. 

What is the status of this engagement?

I started working with them seven years ago, but I’m not sure exactly when we began our ongoing relationship. 

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement?

They’ve given me peace of mind knowing that my team has support and we have someone we can bounce ideas off of. They help us make sound business decisions. 

How did Your Outsourced CFO perform from a project management standpoint? 

They perform well. 

What did you find most impressive about them?

They do what we expect them to do. They’re always innovating and coming up with new ways to track things. Without them, I wouldn’t be where I was today.

Are there any areas they could improve?

Initially, it was hard for us to understand exactly where our money was coming from. However, we worked through it together. There were many moving parts, but they’ve helped us a lot. 

Jeff is not the most punctual person, he’s usually about five minutes late to our meetings, however, that’s fine with me. It hasn’t negatively affected the project. 

Do you have any advice for potential customers? 

Listen to what they’re asking for and give them the information they need in a timely manner. 

5.0
Overall Score
  • 5.0 Scheduling
    ON TIME / DEADLINES
  • 5.0 Cost
    Value / within estimates
  • 5.0 Quality
    Service & deliverables
  • 5.0 NPS
    Willing to refer

CFO Services for Health Integration Service Provider

"Julian and Jeff were both very accessible and supportive."

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4.5

Quality: 
5.0
Schedule: 
4.5
Cost: 
5.0
Willing to refer: 
5.0
The Project
 
Less than $10,000
 
Jan. 2019 - Aug. 2020
Project summary: 

A health system service company partnered with Your Outsourced CFO in order to bring in forecasting ability, budgeting, and planning.

The Reviewer
 
11-50 Employees
 
Ambler, Pennsylvania
CEO, Simplex Health
 
Verified
The Review
Feedback summary: 

The team impressed the company with its contribution and helped secure one of their goals. The communication between the two parties was good. Though the team had to go through an initial learning curve, they did eventually become effective.

The client submitted this review online.

BACKGROUND

Please describe your company and your position there.

CEO of Simplex Health - We integrate with health systems to provide medical nutrition therapy services to patients.

OPPORTUNITY / CHALLENGE

For what projects/services did your company hire Your Outsourced CFO?

We had no high level intelligence regarding financials prior. Only bookkeeping services. No forecasting ability, budgeting and planning.

What were your goals for this project?

Solve for the above.

SOLUTION

How did you select Your Outsourced CFO?

had a great conversation with Jeff following me posting on social I was looking for a CFO.

Describe the project in detail.

Met with Jeff a few times. Eventually, when it was time to put our pitch deck in place, we needed the expertise and credibility that came with higher level financial intelligence. We worked with Julian weekly and monthly to establish budgets, forecasts and review performance. They also assisted with fundraising efforts.

What was the team composition?

Initially one CFO, then an analyst was added, then removed.

RESULTS & FEEDBACK

Can you share any outcomes from the project that demonstrate progress or success?

we kept costs down significantly with this solution which was a plus for a start up. Julian was very accessible throughout and while he didn't have heathcare expertise per se, he was was able to contribute to big picture thinking and forecasts and was instrumental in us securing a series A.

How effective was the workflow between your team and theirs?

Communication was solid.

What did you find most impressive about this company?

Julian and Jeff were both very accessible and supportive. Brought great ideas. Tons of value for the contract fee.

Are there any areas for improvement?

Took a while for Julian to become effective to get into a rhythm to learn out business and model. Felt we spent a lot of time educating but not sure of a pathway around that.

4.5
Overall Score
  • 4.5 Scheduling
    ON TIME / DEADLINES
  • 5.0 Cost
    Value / within estimates
  • 5.0 Quality
    Service & deliverables
  • 5.0 NPS
    Willing to refer

Financial Consulting for Digital Marketing Firm

“They’re able to take best practices in finance and accounting to the next level.”

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5.0

Quality: 
5.0
Schedule: 
5.0
Cost: 
5.0
Willing to refer: 
5.0
The Project
 
$10,000 to $49,999
 
Oct. 2019 - Ongoing
Project summary: 

Your Outsourced CFO has assisted a digital marketing agency in accurately projecting the internal financial capabilities of the company through the creation of a proprietary financial model.

The Reviewer
 
1-10 Employees
 
Philadelphia, Pennsylvania
Brendan Walsh
Founder + Principal, Mole Street
 
Verified
The Review
Feedback summary: 

Eliminating the need for the partner to hire an expensive, full-time CFO, the team has contributed accurate financial forecasting capacities, which has allowed the client to plan for the future. Their passion and enthusiasm for effectively scaling businesses have aided their success.

A Clutch analyst personally interviewed this client over the phone. Below is an edited transcript.

BACKGROUND

Introduce your business and what you do there.

I’m the principal and co-founder of a digital marketing firm based in Philadelphia. We work across the US to support partners. This includes serving artists as an entertainment booking agency for private events nationwide. We provide entertainment services, including sales incentive trips to conferences, nonprofit galas, and high-end weddings.

OPPORTUNITY / CHALLENGE

What challenge were you trying to address with Your Outsourced CFO?

We’re using them as strategic financial consultants.

SOLUTION

What was the scope of their involvement?

They’ve had an outsized and transformative impact on our business in terms of how we run, sell, and scope out new projects. With their team, we got a personalized, high-touch service. From building us a proprietary financial model for our company to assisting us in assessing when we have the capability of bringing on new teammates. 

What is the team composition?

We’re engaged directly with Jeff (CEO & Founder). Additionally, we’re working with the rest of their team.

How did you come to work with Your Outsourced CFO?

I met Jeff through a business advisor who introduced me to him at a conference. We connected soon after.

How much have you invested with them?

We’re spending roughly $30,000 annually with them. 

What is the status of this engagement?

We started working with them in October 2019, and our collaboration is ongoing.

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement?

They’ve put us in a great position to scale our business. With them, we’re able to plan big, focusing on specific functions of the business and how they impact our financial health. They have seen it all when it comes to scaling businesses and CFOs. It would take us hiring a six-figure employee to get the same level of financial advice. They’ve been instrumental in digging deeper into our business and thinking three steps ahead.   

How did Your Outsourced CFO perform from a project management standpoint?

Jeff is the perfect combination of enthusiasm, detail-oriented thinking, and passion for the process. He always provides the clarity that’s needed to scale a business. It’s been a pleasure working with them, and we’re lucky to have them as a partner.  

What did you find most impressive about them?

Their process and strategic insight are their biggest strengths. They’re able to take best practices in finance and accounting to the next level. They have the ability to project accurately to get our team ahead of the game. It’s so important for us to be able to predict bandwidth and resources. It’s been a breath of fresh air to have them on our team.

5.0
Overall Score
  • 5.0 Scheduling
    ON TIME / DEADLINES
  • 5.0 Cost
    Value / within estimates
  • 5.0 Quality
    Service & deliverables
  • 5.0 NPS
    Willing to refer