What are Fractional CFO Services?

What are Fractional CFO Services?

For many small to mid-sized businesses, hiring a full-time Chief Financial Officer (CFO) may not be completely necessary or cost effective. This is where Fractional CFO services come in.  Companies can access the skills and expertise of a trusted financial advisor on a “fractional” or part-time basis.

 

What Does a Fractional CFO Do?

As a trusted advisor, a Fractional CFO works with business owners and their management teams to define goals that will drive the organization to greater revenue and profitability. Fractional CFOs collaborate and consult with stakeholders across a broad range of areas including strategic planning, goal setting, and reporting to set your company on a long-term success trajectory.

 What Can You Expect from a Fractional CFO?

At The A Team Consulting, we help you define your goals and the steps that you need to take to reach your strategic objectives. We work with all kinds of businesses, startups, and non-profit firms.

Our experienced and certified CFOs understand what each individual business needs to become financially successful. You may need help cleaning up the books, opening new credit lines, managing debt, understanding profitability, or raising capital. Our Fractional CFOs work closely with your accounting team and other management personnel to help your company meet its goals.

Our Fractional CFOs have experience working with a variety of industry sectors. They deliver an array of professional help in areas including:

 

✓ Strategic advice

✓ Budgeting

✓ Sales Forecasting

✓ Financial Reporting

✓ Short and long-term business planning

 

Fractional CFOs build relationships with senior management, vendors, and external stakeholders. They engage stakeholders early and often which helps convert them into champions of your business.          

Why Hire a Fractional CFO?

Companies that do not have the resources to hire a full-time CFO find great value in working with a Fractional CFO. Fractional CFO services also allow companies that could hire full-time resource, but who do not need full-time assistance, to access the expertise and support of a CFO only when they need it. In either case, a fractional relationship can bring you a financial expert at a fraction of the cost of a full-time CFO hire.

Consider a Fractional CFO if you are facing any of the following challenges:

 

✓ Your company is having a hard time staying on budget.

✓ Your receivables or inventory have tied up your cash, limiting growth and stressing the company.

✓ You don’t have time to handle finances on your own

✓ Sales forecasting isn’t working; you need a better forecast model.

✓You’re opening a new market or launching a new product or service that requires capital.

✓ You are thinking about an acquisition or merger with another company.

✓ You’ve decided you need to refinance old loans or take out new debt or equity capital

 

Get Started!

Your business is unique, and you may have other reasons to enlist fractional CFO services. Contact us at 646-849-4267 to explore how the services of a Fractional CFO can be a great solution for your company’s needs.