What Does A Fractional CFO Do Compared To A Full-Time One?

Why should you consider hiring a fractional CFO? Hiring a fractional CFO is an affordable solution for businesses that cannot afford a full-time CFO. The fractional approach allows businesses to access experienced and qualified financial expertise on a part-time basis to advise on and manage financial matters.



This means that businesses can benefit from having access to a CFO’s expertise and knowledge without having to incur the full expense of a full-time CFO. They can be used to provide specific financial advice and strategies for businesses in times of growth or crisis.

This can be particularly beneficial for businesses that do not have the internal resources or expertise to handle these types of situations. The ‘Fractional CFO Approach’ can provide businesses with the flexibility to re-evaluate and adjust financial strategies as needed.

How Can A Fractional CFO Help Your Business?

A fractional CFO can help your business in a variety of ways. 

• They can analyze and explore financing options, manage investments and financial risks, while providing guidance and direction on strategic financial decisions
• Guide cost management, revenue forecasting, and budgeting
•  Assist businesses to develop and maintain financial systems and processes to support efficiency and accuracy
• Evaluate potential mergers, acquisitions and investments in order to develop sound financial policies. 
• Help your businesses make the most of their financial resources
  

What Are The Benefits of Hiring a Fractional CFO?

• Cost savings

By hiring a CFO on a part-time or project basis, businesses can benefit from the experience and knowledge of a qualified professional without incurring the cost of a full-time CFO.

• They can provide your business with the flexibility to scale up or down as needed
• Provide expert advice, direction and guidance in times of growth or crisis 
• Ensure that your business is making the best decisions concerning its finances
  

What You Should Consider When hiring a Fractional CFO?

Business owners must be aware that they may not have the same level of consistent access to their CFO as they would with a full-time professional. This may be a significant consideration when dealing with highly time-sensitive issues. They may not have the same in-depth knowledge of the business that a full-time CFO would have.

Hiring a fractional CFO can provide businesses with access to experienced and qualified financial expertise at a fraction of the cost of a full-time CFO. This can help forward thinking business owners and entrepreneurs to make the most of their financial resources, provide strategic advice and direction in times of growth or crisis, and develop and maintain efficient financial systems and processes. Call us on (405) 384-4900 or EMAIL our friendly team to book your appointment today.