Preferred CFO is a high-level fractional, outsourced CFO firm. With a “forward-looking” financial strategy, they help organizations implement a higher level of forecasting, budgeting, cash management, and financial strategy. Their goal is to help companies move the needle by scaling and accelerating growth, optimizing resources, overcoming obstacles, and maximizing shareholder value.
Paro is a network of top-tier remote financial professionals offering CFO leadership, financial planning and analysis, accounting, bookkeeping and more. They focus on building custom-fit finance teams so companies can grow their business. They put finance functions on autopilot by seamlessly matching companies with subject-matter experts and providing professionals with a platform to run their businesses.
Toptal is an exclusive network of the top freelance software developers, designers, finance experts, product managers, and project managers in the world. Top companies only hire Toptal freelancers for their most significant projects. They have expertise on UX Designers, Financial modeling and consulting, interim CFOs, UI Designer, digital project managers, and iOS developers among many more.
Pilot offers you accurate books delivered monthly, on the dot. Their expert team is assisted by powerful software that automatically eliminates common errors. With accrual basis bookkeeping and advanced financial CFO support when you need it, they’re built to scale with you. Your dedicated finance expert knows your business and books from the ground up.
At IGNITESPOT their CFO Services includes Cash flow forecasting, Budget creation and analysis, Break-even and cost control, Debt reduction, Shareholder communications, Resource management Hire / Fire analysis. Their accounting services includes small business accounting, online business accounting, outsourced accounting. Their bookkeeping services includes mobile bookkeeping, virtual, bookkeeping, monthly bookkeeping, and many more.
Newport Partners have deep functional and industry competency that you can trust. They are highly experienced C-level executives who roll up their sleeves and focus on your business. They partner with select professionals – private equity & venture capital firms, investment banks, wealth managers, attorneys, and accounting firms.
Peter Johnson offers Virtual CPA and vCFO with focus on Business Growth are virtual CPAs. They specialize in growth and profitability for businesses over $1 million. Their core service is business acceleration. They also major in many different industries including IT and Tech, dental and medical, legal, insurance, real estate, and construction.
CRI is a family of CPAs and business advisors who value getting to know their clients professionally and personally. They offer auditing & attestation, accounting, tax, forensic accounting, consulting, merger and acquisition (M&A), and investment banking services to businesses of all sizes. They guide individuals in properly managing taxes, planning estates, formulating wealth management strategies, and more.
Fully Accountable is a full-service eCommerce accounting firm offering outsourced finance and accounting for eCommerce and technology companies. Choose from outsourced eCommerce accounting, and fractional CFO services for your business. Their U.S. based CPAs and eCommerce experts are here to simplify your accounting processes and run your back office with a profit-centered mindset!
At Jordan they major on creating and managing efficient systems so you can focus on growing your business instead of on these necessary but often frustrating tasks. They use QuickBooks Online and an integrated suite of tools that they have assembled to make your books as accurate as possible while taking the least amount of time and effort. With almost four years of experience offering CFO of you can count on them.
Segall Bryant & Hamill is an independent investment firm. SBH has been helping investors realize their long-term investment objectives through a time-tested, disciplined process. They offer a wide range of investment strategies and aim to build long-lasting relationships with their clients in the wealth management, intermediary, and institutional spaces.
Wolf and company is one of the leading public accountant and business consulting agency in the United States. They assist their clients with leading industry risk management, risk, business accounting, and WolfPAC joint risk management services.
CFOshare, majors on full-time W-2 employees work together to deliver superior results to your small business. When you work with them you expect industry best-practices from a range of experts whether it be a debt specialist, cost accountant, real estate guru, startup specialist, or pricing strategist.
Level10 CFO is a new spin on outsourced CFO advisory and accounting services. They think strategically, speak truth, and aren’t afraid to challenge the status quo. They are trusted partners committed to helping you make your business better. As a fractional CFO and business advisor, Blaine helps businesses to assess, improve, and maximize the benefit of their financial planning, management, and reporting systems and relationships.
CPA on Fire is a group of professionals who service on-line entrepreneurs with their financial reporting needs. They dominate their corner of the world – accounting, bookkeeping, business strategy, payroll and taxes. They offer you tools and insight on your businesses to optimize their performance – growth, profitability, larger impact.
OSV is a global venture capital firm providing multi-stage investment to develop and scale our founders’ big ideas for positive change. Their intensive 3-6 month programs provide startups with seed capital, a specialized global staff of engineers, designers, and scientists to accelerate product development, mentors with deep market and technical expertise, and an unparalleled infrastructure of fully outfitted laboratory & maker spaces
SiliconCFO matches startups to Freelance CFOs to handle their financial operations, allowing founders to focus on growth. They offer CFO as a Partner, Bookkeeping & Taxes, Payroll & Benefits Management, and Expense Management among many more. They only make money when you hire a CFO through them. They only take small percentage from what CFOs make in their first year working for a startup, and nothing after that.
inDinero got you covered whether you need outsourced accounting and bookkeeping, a fractional CFO, or are considering a new accounting software solution. They are built for where your business is going with custom accounting that scales with you, so you get the talent and expertise you need during critical business milestones.
At KRUZE they assist you in raising capital or beginning hyper-growth? Their CFOs provide valuable guidance. They offer professional CPA’s & Automated Systems deliver books that you and your investors can trust. They will also help you set up essential HR and payroll systems so you can scale from 1-100 employees, offer high speed, low-cost valuations for pricing stock options.
XcelHR does not only exist to run payroll, administer HR, and provide cost-effective solutions for benefits. They exist to assist you grow and guide you through the journey of employee management. They provide rules and guidelines that help keep you from making costly errors. Their services can lower the cost of benefits administration and workers’ compensation insurance, allowing you to realize other efficiencies that will boost your bottom line.
Generally, a fractional CFO engagement tends to last about 3 months, it could also be much longer depending on if the CFO is being replaced. That being said, there have been cases where a fractional CFO engagement lasted from 6 months to about 5 years. There are even some arrangements that have lasted indefinitely. However, when it comes to engagements, the most common ones tend to last 1 to 2 years.
Fractional CFOs are able to work either remotely or on-site. This is typically dependent on the retainer agreement drawn up. It could also be that the fractional CFO would split their time between working on-site and working remotely, however, this tends to depend on the demands of the business or project.
With a fractional CFO, you do not have 24/7 access to them, as the rest of their time would have to be spent attending to their other clients. Additionally, they are unable to concentrate solely on your business and that could lead to your business not getting as much information as it would in the case of a traditional CFO.
Hiring a fractional CFO can mean cost savings to the business, as benefits, equity and profit-sharing agreements typically entered into with a traditional CFO are null and void.
A fractional CFO can improve cash flow by doing the following:
They can also improve profit margins by doing the following:
A CFO has numerous duties, from deciding when and where company funds are invested to financial reportage. It is the duty of a CFO to oversee a business’s capital structure, determine the appropriate equity debt mix as well as internal financing. One of the most integral duties of a CFO, however, is to address any issues surrounding capital structure.
Money management as well as an understanding of the business’s industry is a key trait for a fractional CFO.
Trustworthiness paired with logic is another key trait a fractional CFO should have, considering that it would be their job to manage the financial actions of a business. They would need to be trustworthy in order to analyse the organisation’s financial strengths and weaknesses, track cash flow, and propose corrective actions.
A fractional CFO needs to have strong leadership capabilities, as they have to be able to effectively communicate with the team, develop a vision for the future, and also share important information.
A fractional CFO should also be results-oriented. This means being able to set goals for the company which the finance team can work towards. It also involves discovering ways to measure outcomes and holding people accountable when those goals aren’t met.
A fractional CFO should be a strategist, being able to assist the CEO in novel opportunities, becoming more strategic, and taking on a role more akin to a business partner.
The fractional CFO should also be able to seamlessly translate the Key Performance Indexes of the company into integral information for the CEO, whilst also transforming the CEO’s strategy into an actionable plan. This plan also has to be communicated effectively to the rest of the organisation.
The fractional CFO should also have the skills of a spokesperson. They are not only responsible for financial issues, but they are also responsible for motivating the organisation to execute the company’s strategy and communicating with shareholders.
A fractional CFO should have broad technical knowledge in conjunction with financial management and reporting. This means they should understand the basics of investment, cash flow forecasting and much more.
A fractional CFO should also have the skills of a risk manager, especially as businesses become more international and complicated. They not only have to ensure compliance with a growing list of laws and regulations but they also need to recognise, assess, and respond to emerging and ongoing risks to the business.
Fractional CFOs tend to work on retainer agreements and the retainers usually range between $1,000 and $1,500 on the low end, $1,500 to $2,500 on the mid-end, and anywhere above $5,000 to $25,000 on the high end.
A fractional CFO costs tend to differ depending on the scope of work they do, the complexity and size of the business, the strength of the in-house finance team, and the business’s financials. A fractional CFO tends to cost on average anything from $3,000 to $10,000 per month. Fractional CFOs tend to charge an hourly rate range of $100 to over $250. However, this typically depends on the chosen tier of the fractional CFO. There are three tiers of remuneration, with the first being $50 to $125 per hour, the second being $125 to $150 and the third being $200 to about $350 per hour.
A fractional CFO (chief financial officer) can be defined as a CFO with experience who offers their services to companies on a contract, retainer, or part-time basis. This arrangement enables the company to have the expertise and experience of a qualified CFO without having to incur the traditional costs (bonuses, benefits, and salary) of a full-time CFO. A fractional CFO tends to work virtually with a goal to replace the full-time CFO on a temporary or permanent part-time basis.