Expert financial management as often as you need it

October 07, 2019

On October 9, 2019, BDO will be expanding their CFO-For-Hire services to the province of Newfoundland and Labrador. To date, the Outsourcing team in Nova Scotia has served any client accessing BDO’s CFO services, which have proved valuable in markets across Canada. Newfoundland will be the second province in which BDO employs a CFO-For-Hire, as they continue to grow this offering, and aim to help more business owners better manage their financials.

One of the biggest challenges for many organizations is finding the right level of finance and accounting support. For companies where full-time positions for CFOs are unnecessary or out of reach, using an outsourced CFO is a cost-effective alternative.

BDO’s CFO-For-Hire provides part-time services like financing strategy, back office financial support, forecasting, budget preparation, and financial reporting and analysis, to name a few. These part-time services allow companies to access expert financial management without having to fill a fulltime position.

“Expanding to Newfoundland means BDO will be helping businesses across a wide variety of industries to improve their bottom line, and to reach the next stages of growth. Our team has expertise in key local industries, including technology and life sciences, food and beverage, construction and trades, fishing and aquaculture, retail and consumer business, and professional services,” says Outsourced CFO Leader and Partner, Kelly Johnstone.

“We’ve listened to our clients’ needs, we’ve studied the market, and we believe introducing CFO services will absolutely be a game changer for local business owners,” says Matthew Galgay, the BDO Partner leading the CFO-For-Hire launch in Newfoundland. “We’re excited to bring Craig Hannam on board as our first CFO-For-Hire in the province. Craig brings extensive CFO experience and will work with organizations to determine the right level of services for their needs, and provide the expert financial management required to get to the next level of business, at a price they can afford.”

About BDO

BDO Canada LLP is a leading provider of professional services to clients of all sizes in virtually all business sectors. Our team delivers a comprehensive range of assurance, accounting, tax, and advisory services, complemented by a deep industry knowledge gained from nearly 100 years of working within local communities. As part of the international BDO network, we’re able to provide seamless and consistent cross-border services to clients with global needs. Over 73,000 people working out of more than 1,500 offices in over 160 countries, the network generates worldwide revenue of $8.1 billion.

BDO Canada LLP, a Canadian limited liability partnership, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO member Firms.

For more information contact:

Matthew Galgay, CPA, CA
Partner