By Jill Nagy
Small businesses need as much, if not more, support than their larger counterparts. CEO’s and business owners often find themselves struggling with balancing cash flow, managing teams of staff, attracting banks and investors, and so much more.
The Saratoga Springs -based company, CEFO Advisors, provides a variety of professional staff members that specialize in meeting those needs on a part-time basis. CEFO was built on the very premise that they can put a strong team in place to properly support their client needs using effective and innovative processes.
Amy Roman has owned the company for 10 years. For the first five years, however, Roman was the only employee. Eventually, she realized that her clients “needed more than just me,” and for the past five years, she has been hiring CFO’s, controllers, and additional support staff to place with clients, working within their businesses.
Early on, Roman recognized the benefit she could offer her clients by providing focused CFO support and strategic services that can be achieved through outsourced, forward-thinking business and accounting solutions. One of her clients commented that “Amy did a good job closing the gap between the CEO and CFO” and thus the company name CEFO Advisors was born.
Fast forward to 2023, Roman’s company supports over 65 businesses both locally and out of state. Roman currently has 18 employees including managers, accountants, bookkeepers, controllers, CFOs, and staff training specialists, which she matches with companies needing their specialized skills and expertise.
Many are part-timers, working parents, or semi-retired professionals ready for a second career. They work flexible, hybrid hours that include working at home or in the CEFO offices, while maintaining the availability to work on site at the client’s company as needed, Roman said.