What is a Fractional CFO and when does a business need one? In addition to providing oversight and coordination of siloed financial functions, the CFO serves as a key advisor to an organization’s leadership. Often, the Chief Financial Officer can help translate problems and barriers into financial plans and outcomes that result in success for an organization.
Growing businesses often reach a point where they need professional financial guidance but can’t justify the cost of a full-time CFO. As business, and the regulatory environment it operates in, becomes more and more sophisticated, small & medium business are often disadvantaged as a result of working without senior financial oversight. Mistakes or lack of foresight can negatively impact the sustainability and profitability of the organization. A part-time outsourced CFO can provide the financial navigation and guidance for your business so you can focus on your team, products and strategies for growth.
Our part-time or fractional CFO engagements may include:
While the fractional CFO can play a critical role in making your business more resilient to disruptions during times of predictable and profitable operation, there are more acute scenarios during which the need for unique financial expertise is even more important. Some examples are:
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