NYC Firm Serves as Perfect CFO for Smaller Public Companies

Online, June 3, 2013 (Newswire.com) - Hiring a Chief Financial Officer who can "do it all" is the dream of every small-cap or mid-cap public company. But as CEOs quickly discover, although the vast majority of CFOs may excel at most aspects of their jobs, there are other tasks at which they are not quite as qualified. For example, a CFO might be a whiz at crunching numbers or managing a company's bookkeeping requirements-but fall short at public speaking. Meanwhile, another CFO may be wonderfully eloquent during every single meeting-but lack crucial mathematical skill.

Since subpar performance in any aspect of the CFO's job will hurt the company, what is a budget-conscious CEO's best alternative? One fruitful approach is to engage the services of an external advisory firm with the expertise to serve as an effective CFO by itself or to assist the full-time CFO.

One such firm is NYC-based Chord Advisors. As a result of the skills of its leadership and personnel, Chord allows a small-cap or mid-cap public company to outsource on a project basis the accounting needs it lacks in-house. This outsourcing can be accomplished much more cost-effectively than if staff were hired by the company full-time. Chord has the expertise to assist companies with 10-K's, 10-Q's, reverse mergers and converting financial statements to GAAP. In addition, Chord can introduce companies to sources of financing and potential board members. Finally-if Chord is sufficiently comfortable with a company, its financials and its management-it will sign its financial statements as the company's CFO.

Founded in 2012, Chord has racked up an impressive string of successes. For a restaurant company merging into a public shell, Chord implemented a cloud-based accounting system; prepared the financial sections and pro-forma financials for the Super 8-K; prepared the responses to the SEC comment letter; implemented the Sarbanes-Oxley controls; helped raise a friends and family financing round; and made a successful introduction to a strategic partner. For a public biotech company, Chord assisted in the preparation of the June and September 10-Q's for the first timely filings in the company's history; acted as outsourced controller and bookkeeper; assisted in the preparation of S-1 and S-3 filings; and performed a valuation of restricted stocks and warrants in exchange for the extinguishment of debt.

For more information, please contact:
Enrique Briz
Dian Griesel Inc.
(212) 825-3210