Driving growth and performance through strategic collaboration

We collaborate closely with the office of the CFO and finance leaders to drive impactful change that stabilizes and elevates the business throughout key transactions and the business lifecycle. Our team of professionals offers comprehensive expertise, utilizing our finance and accounting experience and knowledge of technologies to adapt our strategy to your specific needs.

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Mapping the office of the CFO

Our holistic approach provides tailored services across finance functions to drive change

Controllership & reporting

Internal audit & compliance

Tax planning & compliance

Strategic planning

Shared services

Financial planning & analysis

Treasury

Technology

Investor relations

Operations & supply chain

Maturity stages of a finance department

These stages represent a progression in the maturity of an accounting and reporting team, with each stage building upon the capabilities and achievements of the previous stage. Organizations may vary in their pace and approach to achieving maturity. Our partnership is customized to address your needs at each stage of the finance lifecycle.

Foundational

  • Focus on foundational accounting tasks: recording transactions and maintaining general ledger
  • Reliance on manual processes
  • Preparation of accurate and complete financial statements
  • Processes designed to adhere to regulatory requirements and financial standards with minimal proactive risk management and compliance monitoring

Standardization

  • Focus on standardization, centralization, and automation improve efficiency, accuracy, and consistency
  • Development of reporting templates and dashboards to provide insights into financial performance and trends
  • Implementation of stronger internal controls, compliance frameworks, and risk management practices to ensure regulatory compliance and mitigate risks

Optimization

  • Streamlining of workflows and elimination of manual tasks to drive efficiency and productivity
  • Utilization of ERP solutions and automation tools to enhance data accuracy, operational efficiency, and reporting capabilities
  • Collaboration with business units and key stakeholders to develop analytics to analyze financial data, identify trends, and derive actionable insights to support decision-making and strategic planning

Transformation

  • Alignment of accounting and reporting objectives with broader organizational goals and strategies to drive value creation, innovation, and organizational growth
  • Utilization of predictive modeling and forecasting techniques to anticipate future financial trends and support proactive decision-making
  • Embracing a culture of continuous improvement to adapt to changing business environments, drive operational excellence, and enhance overall performance

Innovation

  • Incorporation of artificial intelligence, machine learning, blockchain, and robotic process automation to drive innovation
  • Proactive engagement in strategic discussions and initiatives
  • Establishment of strong partnerships with business units, key stakeholders, and external partners to support decision-making and drive innovation
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Our approach

Our tailored approach aims to provide your team with a suite of services to support your initiatives at each stage of the finance lifecycle.

Experience

Our team has significant experience successfully working with companies to drive high performance through cost optimization strategies.

Innovation

We offer customized project plans to support organizations at every stage of the finance lifecycle.

Integration

We are a trusted partner that seamlessly integrates with client teams to foster a collaborative environment.

Scale

We create scalable and sustainable processes, enabling long-term success.

Our services

Socorro Partners offers a wide spectrum of outsourcing solutions in the finance and accounting area to companies across different industries, including private equity portfolio companies.

Event leadership and technical accounting

Providing project management and leadership throughout key transactions and technical accounting support on an ad hoc or co-source basis. We address and conclude on technical accounting matters, which include working collaboratively with the auditor and their National Office.
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Controllership and financial reporting

We assist in preparing quarterly and annual financial statements and disclosures under US GAAP and SEC requirements and working with accounting and reporting teams on an ad hoc or co-source basis to fill critical skill gaps. In addition, we assist with IPO execution and support new public companies with financial reporting requirements.
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Process transformation

We perform deep-dive reviews of processes to map the accounting and finance function, identify areas of improvement and recommendations, and develop and assist with an implementation strategy to enhance the process.
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Interim financial leadership

Our team of experienced professionals serve as interim CFO, interim Controller, or other functional management roles to support the finance function while an ideal candidate is found.
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