What is a fractional CFO and how and when do you use one? Following are some of the roles we play.
Part-time CFO
A part-time CFO role is when we assume the full CFO role of a company, but on a part time basis. That could be one day per week or one day a month, and is adjusted to your needs.
Interim CFO
An interim CFO role is when we assume the full CFO role, part-time or full time, but only on an interim basis during the absence of the company’s regular full time CFO.
Fractional CFO
The fractional CFO role can fill the role of a part-time or interim CFO, but can also simply provide additional CFO-level resources to the company’s standing CFO on an à la carte basis. This might be for reasons such as:
- Company growth has exceeded the capacity of the CFO but not reached a point that justifies an additional hire.
- Cyclical demands on the CFO role for monthly or year end closes, quarterly reviews, strategic planning or other needs that prevent the CFO from devoting all the time required to other responsibilities.
- Demands on the company’s CFO fall in areas outside his/her core area of experience or expertise.
- Major business events such as mergers, acquisitions, sales, restructurings, relocations and reorganizations.
- Other special projects.
Our core services provide fractional CFO support in the following areas:
Corporate support
M&A, due diligence and integration
Change management
Decision analysis and support
Planning & Analysis
Business analysis
Business modeling
Budgeting and forecasting
Strategic planning
ERP / Business Systems
Systems evaluations
Database architecture and alignment with business needs
Data conversions
Implementation support
Post implementation reporting, dashboards and metrics
NetSuite implementation consultant and post-implementation support
Business Consulting
Process improvements
Forensic accounting
Other special projects