1.  What is a fractional CFO?

A Chief Financial Officer (CFO) is an experienced financial professional who is responsible for the financial health of a business. A fractional CFO provides or advises on this function on an on-going part-time, contract or as-needed basis.

2.  When should a company consider hiring a fractional CFO?

Companies often consider hiring a fractional CFO when they need strategic financial guidance but don't require a full-time CFO. This could be during periods of growth, financial restructuring, fundraising, or when facing complex financial challenges that require specialized expertise. A small business owner may also consider retaining a fractional CFO for their experienced, independent, and objective strategic guidance.

3.  What are the benefits of hiring a fractional CFO?

Hiring a fractional CFO provides access to high-level financial expertise without the cost of a full-time executive. It allows companies access to specialized skills when needed, adapt quickly to changing financial needs, and maintain flexibility in their staffing and budgeting. It provides the business owner the flexibility to have strategic financial leadership, on their terms.

4.  What services do fractional CFOs typically offer?

Fractional CFOs offer a range of services tailored to the needs of each client. This may include, but is not limited to, financial analysis, budgeting and forecasting, cash flow management, process improvement, strategic planning, risk management, and overseeing financial operations.

If you are wondering if a fractional CFO is right for your business, feel free to contact us for a no obligation consultation.