Every company needs Financial expertise but not every company needs a full time CFO. That is where Fractional CFO services can provide much needed skill sets and competencies. A CFO is a crucial role and every company that wants to be competitive can leverage one. Doing so can take Finance and Accounting Departments to the next level.

An experienced and competent CFO leading a Finance and Accounting Department can deliver the following :

Financial planning and analysis for the business
Cash management and financial modeling
Financial Statement preparation and oversight
Continual enterprise risk management
Partner and vendor management and oversight
Treasury and Liquidity Management
Capital Structure Optimization and Reorganization
Capital Raise Management should it be required
Due Diligence for mergers and acquisitions when the need arises
Board of Director Interaction when it comes to Financial matters
Investor communication and oversight
Improvement and oversight of technology advancement and utilization
Guidance and oversight of the development of Business Intelligence for Finance
International governance and expansion as required
A Fractional or Interim CFO can help a business optimize profits and improve working capital. If an organization has never had a CFO before, a Fractional or Interim service can provide a big upgrade over general bookkeeping and accounting departments. A Fractional or Interim CFO can help companies pay better attention to or even attract equity investors. They can also provide increased credibility with a company’s Board, customers, prospects, partners, and suppliers.

Fractional CFOs can be a superb option for a variety of business scenarios. Situations we have frequently seen and where we have provided services include:

Current leadership is strong operationally or has specific domain expertise but lack strategic thinking and do not have a broad range of experiences to draw upon.
Current leadership has strategic vision but can’t be free from day to day requirements. They need qualified Finance leaders to delegate responsibility to.
A current operating model has reached capacity and leadership needs to take a step back and level up.
There is an immediate CFO vacancy that needs to be filled while a longer term leader for the role is secured.
Current Finance leadership is struggling and needs a qualified and skilled coach and mentor.
Current Finance leadership is not up to the task and needs to be replaced.

Defining a Scope of Work and the needs of your Finance department is always the best first step. We are here to discuss our CFO services. After exploration if a match is established, we will identify and define the exact role. During discovery, in addition to scope, we can define a time frame and the dedicated hours and days required per month. All aspects of our CFO engagements can be flexible, customizable, and scalable.

We look forward to assisting your business, Finance, and Accounting teams.

Fractional or Interim CFOs are an excellent option for SMBs, startups, and businesses in transition and growth mode.