Manuel ‘Manny’ Cosme started CFO Services Group to help growing businesses and nonprofits get their finances on track. After three years of serving as chief financial officer for the United States Hispanic Chamber of Commerce in Washington D.C., Cosme decided that it was time to step into his own venture. “We focus on helping small businesses and nonprofits manage their money and really hit their financial goals,” said founder and CEO Cosme.
CFO Services Group primarily works in bookkeeping but also provides services with accounting, payroll management, budgeting and more.
CFO Services is for the budding business that can’t afford a full-time CFO, but also can’t afford to lose any more money without professional financial support. “We look for clients that are doing good work,” said Paolo Zambrana, Community Engagement Leader at CFO Services. “We really appreciate good work in the community because we do that as well.” In 2020, they helped more than 700 businesses fill out PPP loans pro-bono. “The reason why a lot of minority-owned businesses didn’t apply was because it was confusing,” said Zambrana.
So all of CFO Services Groups accountants hopped on Zoom and answered hundreds of questions for small business owners to ensure they applied correctly.