FREQUENTLY ASKED QUESTIONS
Fractional CFO services offer companies access to senior-level financial leadership on a part-time or flexible basis, without the full-time CFO’s associated costs.
The role of outsourced CFO services is to provide financial leadership and support to the business.
The specific responsibilities of outsourced CFO services for CPG companies may include the following:
- Financial planning and analysis
- Financial reporting
- Pricing strategy
- Cost management
- Business performance improvement
The right time for a startup to invest in fractional CFO services depends on several factors, primarily tied to its stage of growth and financial complexity.
Here’s a checklist to help determine when to bring in fractional CFO expertise:
-
Difficulty managing the company’s finances or financial matters.
-
Missing growth opportunities due to lack of informed financial decision-making.
-
Planning a new fundraiser that requires projections, KPI preparation, handling financial reporting questions, and easing the CEO’s workload.
-
Ensuring compliance with relevant financial regulations and reporting requirements to reduce the risk of penalties and fines.
-
Need for a more effective cash flow management system.
A fractional CFO is a cost-effective alternative to hiring a full-time CFO. They bring deep financial and strategic expertise to your business without the overhead of a full-time executive.