NEW YORK: March 17, 2019 – LM Cohen & Company announced on Friday the establishment of LM CFO Partners, specifically designed to provide business owners and financial executives at family offices with outsourced accounting and advisory services.
In making the announcement, LM Cohen & Company Founder and Managing Partner Lee M. Cohen said, “The need for financial and advisory expertise at small- to medium-sized businesses has never been in question. The problem has always been cost. With the laser-focused outsourced CFO services of LM CFO Partners, we can now solve this dilemma.”
LM CFO Partners distinguishes itself from similar outsourcing offerings by concentrating its efforts on identifying areas of financial reporting weaknesses and opportunities and then applying industry leading technologies and tools to provide cost-effective and time-saving solutions. “We provide business owners and family offices with both financial systems oversight and the day-to-day accounting and bookkeeping processes their internal teams need to ensure accurate reporting and effective real-time decision-making,” said LM CFO Partners Managing Director Moussa Hasbani.
LM CFO Partners is supported by the resources of LM Cohen & Company, a leading full-service accounting, tax, and advisory firm headquartered in New York City. “Our capabilities as a CPA firm allow us to understand what the most important accounting needs are at start-ups and emerging firms,” Hasbani said. “The ability of LM CFO Partners to plan and to work with our clients quickly and collaboratively is the added value we provide, and that sets us apart. Business owners often go through the financial motions without grasping the true sense of what the numbers mean. LM CFO Partners assists these owners by providing on-site dashboarding and implementing KPIs to the business for greater clarity.”
The LM CFO Partners suite of accounting and advisory offerings includes: Outsourced CFO and Fractional CFO Services, Outsourced Controller Services, Family Office CFO Services, Financial Strategic Consulting and Outsourced Bookkeeping. Each of these services has both operational and advisory components. As Cohen explains, “Using best-in-class tools to help businesses perform better and to expand faster and more affordably is of immediate importance, of course. But it’s just the first step. Where we go next with our clients is to assist them in achieving their longer-term financial goals through well-thought-out systems improvements and actionable advice. This is what the future of outsourced financial services now looks like.”
About LM CFO Partners
LM CFO Partners was founded with a focus on helping business owners understand and more efficiently manage their financial affairs, by providing professional financial expertise and analysis through outsourcing. Our focus is to benefit small & mid-sized companies who are not in need of a full time CFO. In addition our family office CFO division provides services such as bill pay and customized reporting packages for high net worth individuals on a monthly basis. The range of responsibilities include CFO-level administrative and advisory, controller-level activities, as well as accounting and bookkeeping functions. Specific services encompass financial systems oversight, budget-to-actual reporting, revenue and expense projections and analysis, cash management and profitability analysis, and internal control enhancement.
For more information, please visit our newly formed website www.LMCFOPartners.com