Fractional CFO Services
Fractional CFOs frequently collaborate with businesses to address financial obstacles, drive growth, refine strategies, implement systems, secure funding, or manage audits and transactions. Engaging a fractional CFO can be a wise decision for both startups and established firms. But what are the reasons to consider hiring one?
These professionals are typically brought into organizations facing financial difficulties that the current team lacks the expertise or capacity to handle. Often, companies may not have a full-time CFO on staff. In other instances, an existing CFO may be present, and the fractional CFO serves as an advisor or partner, assisting with specific initiatives like capital raising or audit navigation.
We help overcome specific financial challenges such as:
- Cash flow issues
- Low gross margins
- High expenses
- Outgrown existing systems
- Need to make cost cuts
- Navigating an audit
How we can help
We helps determine how to get you from where you are to where you want to go. Growing a business requires strategic use of capital. For many fractional CFOs, one of their most important contributions will be providing a financial forecast that will act as a blueprint to achieve the growth in the most efficient, accelerated, and sustainable way possible. You will get forward-thinking insights that support confident decision making amid challenges and unpredictability.
Growing Business
Fractional CFOs play a crucial role in helping businesses scale effectively while ensuring profitable growth amid increasing complexity. Their expertise involves revamping the tools, processes, and vendor relationships necessary to provide value to a diverse and expanding customer base. This phase of growth is often referred to as "bridging the chasm," as many companies experience declining profit margins and operational challenges when their revenue surpasses a certain point.
The saying, "What got you here won't get you where you want to go," becomes particularly relevant once a business moves beyond its initial startup phase. As companies introduce new products, enter different markets, expand locations, engage in transactions across currencies, and navigate heightened regulatory requirements, they require more sophisticated strategies and tools.
A Fractional CFO can help companies:
- Develop existing employees and hire new ones that bring essential knowledge and skills
- Implement systems that will support sustainable growth
- Improve visibility and analytical capabilities to convert large amounts of data into actionable information
- Explore causes of revenue leakage, cost overruns, and operational friction in a growing business and develop potential solutions
Acheiving Financial Goals
A fractional CFO consultant is often engaged by companies to help achieve specific objectives, such as raising capital or preparing for mergers, acquisitions, or sales. These professionals typically have extensive experience, having facilitated the raising of substantial amounts of debt and equity funding across various organizations, and they have overseen numerous mergers and acquisitions. Their focus extends beyond immediate financial needs, as they work strategically for the future of the business.
In these cases, a fractional CFO is helpful by:
- Getting books in order
- Producing financial forecasts
- Bringing expertise and validation to the company
- Helping with strategic relationships
- Analyzing term sheets and contracts
- Overseeing due diligence