With a part-time CFO, there is expanded oversight over the accounting department. Through the improvement and refinement of policies, strategies, innovation, and technology, an organization can profit from expanded efficiencies, reduced timelines, and added scalability. The company also benefits from higher -evel analysis with additional reporting metrics of projects, profitability, and scenario planning. The CFO role enhances correspondence with third parties and financial specialists, supports the operational functions of the business, provides transparency, and comprehension of a well-built robust data management system. 

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When Do You Engage a Part-Time CFO?

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There are some distinct indications that it might be time to consider a CFO role for your company. If timely and accurate financial results needed to make business decisions are consistently delayed or inaccurate, it is time to add additional bandwidth to the department. This can often be caused by rapid growth, or by an increased number of complex transactions. For example, a CFO is essential when lenders, investors, customers, and/or vendors request detailed and specialized reporting. If the company is preparing for some type of exit, succession, or transaction, having the CFO resource available to assist and guide the due diligence activity can ensure a timely and accurate process.

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Part-Time CFO Services Also Includes:

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• Budget preparation and monitoring

• Counseling on the financial side of your business, tax planning, and trend analysis

• Profitability analysis by service or product line

• Improved quality and timeliness of financial information

• The comfort from knowing that a professional is overseeing, protecting, and constantly improving the financial side of your business

• Reviewing/negotiating insurance policies

• Mergers and acquisitions assistance