With 9 in 10 executives describing their finance teams as “lean” or “overextended,” according to our recent study, CFOs clearly need to rethink their approach to managing resources. Michael Burdick, our founder, points out that this doesn't necessarily mean having fewer employees—it’s about creating elasticity. By supplementing core teams with fractional experts, CFOs can ensure their teams stay focused on what matters most without burning out. Explore more insights on how scalable talent and AI are helping finance teams succeed against today’s challenges in the full CFO Dive article by Grace Noto: https://lnkd.in/ecZ2BMgY #cfos #financeandaccounting #media #finance #survey
Paro
Financial Services
Chicago, Illinois 44,182 followers
Harnessing the power of people and technology to empower businesses and professionals to go beyond.
About us
Paro is an AI-powered marketplace that delivers finance and accounting solutions to businesses through a combination of expert fractional talent, data-driven tools and guiding insights. By harnessing the power of people and technology, our growth platform provides flexible options, ranging from transaction processing support to corporate development and financing strategy, to solve core business challenges and drive growth. The result enables businesses and experts to go beyond even their loftiest goals. Paro is a remote-first company that plans time together. We have proven through our last few years of considerable growth that we can accomplish great things no matter where we work. As such, we operate a virtual-first hybrid model that enables employees to connect virtually and in-person with events that focus on DEI, mental health and fun. Additionally, to support our ambitious plans and teams, we hold events that bring teams together a few times a year for training, collaboration, innovation, networking and social connection. We currently hire from the following states: AZ, FL, IL, IN, MI, NJ, NV, NY, OH, PA, SC, TX and WA.
- Website
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https://paro.ai
External link for Paro
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- Chicago, Illinois
- Type
- Privately Held
- Specialties
- Accounting, Bookkeeping, Strategic Advisory, CFO Services, Financial Planning & Analysis, Business Systems & Process, Internal Audit & Assurance, Controller Leadership, Corporate Development, Corporate Tax Filing, Tax Advisory, Financial Modeling, Budgeting & Forecasting, ERP Implementation, Data Visualization, M&A, Fundraising Support, Financial Reporting, and Full Charge Bookkeeping
Locations
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Primary
343 W Erie St
Chicago, Illinois, US
Employees at Paro
Updates
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Managing finances with a small team is often challenging, as CLUE knew firsthand. They struggled to keep up with their bookkeeping and timely reporting, leading to financial strain and unclear donation tracking. But with the help of Paro’s fractional CPA, CLUE not only cleaned up their books but also overhauled their financial processes. Because of this, they completed their year-end close in record time and now are able to deliver timely reports to the board and manage funds more efficiently—all while saving money. Curious how Paro can help streamline your accounting and finance operations? Read the full case study: https://lnkd.in/dvYPeaG5 #CPA #accountingandaccountants #nonprofit #financeoperations #casestudy
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As part of our partnership with CPAmerica, Inc., we'll be hosting a CPE webinar on August 28 titled “AI and the CPA Firm: Separating Promise from Reality.” Paro’s own Eli Gill, VP of Engineering, Product and AI, will lead the session and explore the benefits and challenges of implementing AI and other intelligent technologies. He'll also talk real-time decision-making, cost reduction and enhanced process automation. The webinar is available to CPAmerica members only. Members can visit cpamerica.org and click on “CPE & Training” to register. We look forward to a great discussion! #CPAFirm #PublicAccounting #AccountingFirm #AI
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Struggling with cash flow despite healthy sales? In this video clip, financial controller Katherine M., MBA, provides some wisdom on how to maximize profitability through smart cash flow management and avoid a common pitfall: robust sales don't always translate to a healthy cash position. But this is just the beginning. Katherine shares even more efficiency and profitability hacks in our full interview. Check it out: https://lnkd.in/gV98mW9M #cashflow #financeandaccounting #cashflowmanagement #profitability #financialcontroller
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As the business, environmental and geopolitical climate grows in complexity, so do the volume and diversity of risks. To thrive in this new age, businesses must adopt more integrated, proactive strategies to strengthen planning and risk management and protect cash flow in the long-term. Read the latest issue of the Paro Finance Forecast newsletter for tips on how to build a proactive, enterprise-wide approach to risk management — and even turn it into a value driver. #futureoffinance #riskmanagement #financetransformation
Thriving in the New Age of Planning & Risk Management
Paro on LinkedIn
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Our latest research surfaces a critical challenge facing finance leaders: 9 in 10 describe their teams as "lean" and overextended. This isn't just a staffing issue—it's a strategic bottleneck that's keeping C-suite execs up at night. The implications are far-reaching: increased risk of errors, missed deadlines, and an inability to focus on growth initiatives. But it's not all doom and gloom. Our study also uncovered promising solutions, including ways finance leaders are leveraging AI and expert talent to navigate these challenges. Check out the full article by Jason Bramwell in CPA Practice Advisor for a more in-depth look at the findings and what they mean for the future of finance teams. https://lnkd.in/eGfHJTHx #staffing #study #financeandaccounting #finance #survey
Lean Finance Teams Problematic For C-Suite Leaders, Survey Finds
cpapracticeadvisor.com
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CPA firms, here's a fresh approach to your talent acquisition and growth puzzle. Forward-thinking firms are expanding their capabilities and boosting their bottom line with Paro. The numbers from our clients tell an intriguing story - from rapid fractional staffing integration to significant increases in billable hours. Curious how it's done? Swipe through our carousel to uncover five key benefits that are reshaping the landscape for accounting firms across the U.S. You might find yourself rethinking what's possible for your practice. Whether you're looking to grow your service offerings or simply optimize your current operations, learn more at https://lnkd.in/gpW4tXwv #cpafirms #accountingfirms #staffingsolutions #staffaugmentation #paroforcpafirms
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A financial controller’s role goes far beyond just handling numbers. Here’s what makes a controller truly effective today: 🔹 Cloud Tech Skills: Comfort with real-time financial tools and platforms. 🔹 Data Integration: Ability to merge and interpret data from various sources for comprehensive analysis. 🔹 M&A Know-How: Experience with mergers and acquisitions to support strategic growth. 🔹 Forecasting & Strategy: Strong skills in predicting trends and shaping business strategies. 🔹 Advanced Reporting: Ability to generate detailed, actionable reports that drive decision-making. 🔹 Power BI & Metrics Tracking: Skilled in using major metrics tools for insightful performance tracking. These aren't just bonus skills—they're fundamental for a modern finance team that adapts and thrives. Need expertise like this on your team? Paro has expert fractional, interim and on-demand controllers with the skills you need. https://lnkd.in/gWwWn8V8 #controller #financeandaccounting #accountingandaccountants #businessgrowth #futureoffinance
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Is your general ledger telling the whole story? Our video gives a 90-second lesson for small business owners on general ledger reconciliations so you can maintain financial clarity and control. Don't let red flags to unchecked - watch the video to get steps for reconciliations, the signs your general ledger needs a cleanup and best practices to maintaining your ledger. https://lnkd.in/dCyhAuMK #accountingandbookkeeping #accountingandaccountants #accounting #smallbusiness
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Behind every "overnight success" is a meticulous cash flow strategy. Though some businesses seem to effortlessly thrive, the reality is often that they have strong financial foresight. Savvy entrepreneurs aren't just managing money—they're creating opportunities. Read our blog post to find out how forward-thinking business owners use cash flow projections to navigate challenges and capitalize on growth moments before they materialize: https://lnkd.in/gEyzy3Fz #BusinessGrowth #SmallBusiness #CashFlow #Accounting #Finance
Small Business Cash Flow Management: Actions to Jumpstart Growth
https://paro.ai