Fractional CFO Services

What is it?

A fractional CFO is like having a part-time CFO at your service. This person provides expertise in various financial and executive matters that most companies need. The big difference is that this person is not on your payroll 100% of the time. Their services are usually between two days per month to two weeks per month - sometimes more, sometimes less. Sometimes it is just quarterly. The amount depends on the needs and the budget of the company needing the services. Typically, the fractional CFO is not set up as an employee in the company’s system. Instead, the accounting is similar to how other vendors are handled.

Who needs it?

When a company is large enough, it will typically hire a full-time CFO to be on their payroll 100% of the time. Before the company gets that large, it may still have the needs for a CFO, but not usually 100% of the time. And, not for 100% of the cost. Fractional CFOs provide valued financial and executive level services to smaller those companies that either do not have a need for a full-time CFO, or that do not have the budget for one.

What can I do for you?

Here are just a few of the functions I can help with as your fractional CFO:

  • Act as a senior-level executive for your company

  • Participate in strategic planning

  • Develop regular financial reporting systems

  • Represent the company in board meetings

  • Represent the company in bank negotiations

  • Perform financial analyses

  • Develop budgets and forecasts

  • Improve/streamline operations

  • Manage human resource functions

  • Manage vendor relationships

  • Capital project analyses

  • Financial modeling

  • Manage banking & cash management