What River Edge Advisors does

River Edge Advisors, LLC is a private New York-based professional services firm founded in 2018 that provides outsourced accounting, fractional CFO/controller, accounts payable and receivable management, and bookkeeping services to small and mid-sized businesses. The firm operates from a Cedarhurst, Long Island headquarters and a Manhattan office at 1 State Street Plaza, with stated headcount of 70+ professionals including senior partners, controllers, AP/AR specialists, bookkeepers, and fractional CFOs.

The firm's core offering is an integrated outsourced finance department, in which AI-powered automation handles routine mechanical tasks such as bank feed categorization, invoice matching, receipt capture and coding, and reconciliation processing, while senior human professionals deliver CFO-level strategic work including the 13-week rolling cash flow forecast module. Technology is layered on QuickBooks Online, for which River Edge holds ProAdvisor certification, and the firm maintains an active content marketing presence as the primary inbound channel.

Revenue is generated through subscription/recurring managed services engagements priced via custom quotes tied to scope, sold on multi-year contracts through consultation-based direct sales. The firm serves a diversified vertical mix spanning real estate and finance (investment firms, property management, family offices), healthcare (nursing homes, home health agencies, ABA clinics), and general corporate (tech startups, e-commerce, manufacturing, construction), with primary client targeting around businesses whose revenue has crossed approximately $500K and need full finance department capability without the cost of an internal team. Leadership comprises Senior Partners Elliot Bodner, CPA (ex-PwC, Blue Mountain Capital), and Mark Reich, MBA, CPA (NYU Stern), and Principal Shlomo Wolfson (former Bays Capital co-founder).

Name

River Edge Advisors

Legal name

River Edge Advisors, LLC

Website

https://riveredgeadvisors.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

River Edge Advisors, LLC is a New York-based outsourced accounting and fractional CFO firm serving small and mid-sized businesses across real estate, healthcare, and general corporate with a 70+ person team combining AI-powered workflow automation with senior human financial expertise.

Ownership category

akta.pro rank

Product category

Outsourced Accounting & Financial Consulting

NAICS

Management Consulting Services (54161)

SIC

Services-Engineering, Accounting, Research, Management (8700), Services-Management Consulting Services (8742)

akta.pro primary industry

Outsourced Finance & CFO Services (BPAHABAE)

akta.pro secondary industry

Financial Planning & Analysis Support (Budgeting, Forecasting, Management Reporting) (BPAAAGAJ)

Keywords

• Outsourced accounting services
• Fractional CFO services
• Back office finance
• Bookkeeping services
• Accounts payable management

Headquarters

HQ city

Cedarhurst

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Outsourced Accounting Services: Comprehensive outsourced finance department services including bookkeeping, accounts payable/receivable management, payroll processing, and financial reporting. Delivered as a managed service with ongoing engagement.
2. Fractional CFO/Controller Services: Strategic financial leadership services including financial reporting, budgeting, forecasting, internal controls implementation, and investor communication. Offered as fractional executive support at a fraction of full-time CFO cost.
3. Back Office Operations Support: Complete back-office financial support handling day-to-day accounting execution from transaction recording to board-level strategy, functioning as an extension of client businesses.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

River Edge Advisors provides a complete outsourced finance department for small to mid-sized businesses, delivering bookkeeping, fractional CFO and controller services, accounts payable and accounts receivable management, payroll processing, financial reporting, and 13-week cash flow forecasting. Services are delivered by a 70+ person team of CFOs, controllers, bookkeepers, and AP/AR specialists using AI-powered automation for routine work alongside senior professionals for strategic finance.

Product overview

River Edge Advisors offers a comprehensive outsourced finance department solution combining AI-powered automation with a 70-person team of financial professionals. The core offering is an integrated platform providing bookkeeping, fractional CFO services, controller services, accounts payable, and accounts receivable management. Services are delivered as a unified back-office solution where AI handles routine automation (transaction categorization, invoice matching, reconciliations) while senior humans manage strategic finance and forecasting. The company serves small to mid-sized businesses across Real Estate, Healthcare, and General Corporate industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Bookkeeping Services Daily transaction recording, account maintenance, bank and credit card reconciliation, and payroll processing for small to mid-sized businesses needing accurate financial records and real-time visibility into finances.
• Fractional CFO Services Strategic financial leadership including financial reporting, budgets and forecasts, internal controls implementation, and investor communication, offered as fractional executive support for businesses that need a CFO without the cost of a full-time hire.
• Controller Services Accurate financial reporting, sound internal controls, and strategic planning to ensure proper financial oversight, compliance, and support for business growth.
• Accounts Payable Services Complete payment processing and management including bill pay, audit and investigation of discrepancies, vendor management and negotiation, and cash management for businesses.
• Accounts Receivable Services Cash flow optimization through invoice preparation, AR aging analysis, collections monitoring, and AR turnover analysis to ensure timely payments and improve financial stability.
• AI-Powered Finance Department
• 13-Week Cash Flow Forecasting

Quantifiable outcome

• 40% reduction in operational finance costs achievable through AI-enhanced finance systems
• +2 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature3 records

Partnerships

One partnership is on record.

• QuickBooks Online (Intuit)coreTechnology or IntegrationQuickBooks Online ProAdvisor-certified firm. River Edge Advisors is certified as a ProAdvisor, demonstrating expertise in QuickBooks Online implementation and support. The firm helps clients streamline finances using QuickBooks as the accounting software platform.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• TGG Accounting: Outsourced accounting and fractional CFO firm serving SMBs across multiple verticals. Closely comparable service scope and recurring managed-service model.
• Acuity CFO + Accounting: Outsourced CFO, controller, and bookkeeping services for small and mid-sized businesses. Direct overlap in service mix and customer profile.
• Xendoo: Cloud-based bookkeeping, accounting, and fractional CFO services for small businesses. Overlaps with River Edge's bundled SMB finance-department value proposition.
• CFO Hub: Fractional CFO and outsourced accounting firm serving growth-stage SMBs and startups. Comparable in the strategic-CFO-plus-execution bundling.
• Bookkeeper360: Outsourced bookkeeping, controller, and fractional CFO services targeted at SMBs. Direct competitor with similar bundled finance-department positioning and AI-enabled workflows.
• Pilot.com: Tech-enabled bookkeeping, CFO, and tax services for startups and growing businesses. Highly comparable in AI-driven delivery, subscription model, and target segment.
• Bench (accounting): Outsourced bookkeeping platform pairing software with dedicated bookkeepers for SMBs. Closely comparable offering and customer type despite different distribution scale.

Broad incumbents

• BDO USA: Large national accounting and advisory firm offering outsourced accounting, CFO advisory, and tax services. Overlaps at the upper end of River Edge's mid-market segment.
• KPMG (US SMB / Outsourced services): Big Four firm with managed accounting, finance transformation, and CFO advisory practices. Competes for larger mid-market and family-office engagements in River Edge's verticals.
• Marcum LLP: Top-15 US accounting and advisory firm with strong real estate, healthcare, and private equity practices. Direct overlap in the verticals River Edge serves, especially in the NY metro.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Riveredgeadvisors
• LinkedInlinkedin.com/company/riveredgeadvisors

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about River Edge Advisors