Would you like to have a Fractional CFO help solve your business challenges?
You’re not the only one.
Many business owners secretly struggle maintaining a firm grasp on their finances. As a result, more and more of them are doing something about it.
If Annual Sales are greater than $50MM, you’re likely considering hiring a full-time Chief Financial Officer (“CFO”). If Revenue is less than $50MM, then you might benefit from a Fractional CFO.
As a Fractional CFO Service firm, we support our client’s goals by bringing a corporate-level approach to their finance and accounting operations. Below are a few of the common areas our clients use our services.
4 Ways to Leverage A "Fractional CFO"
- Refining Financial Reporting Processes: Improving your company’s financial reporting “systems” (i.e. procedures, policies and technology) to get the correct reports on a timely basis leads to increased efficiency and valuable insights on performance metrics.
- Financial Coaching: Entrepreneurs and Business Owners who are not “financially minded” look at financial statements and see numbers on a page. Elite CFO Services helps Managers see behind the numbers and translate trends into an operational storylines. Thus, giving Entrepreneurs and Management valuable information for desired Action Plans.
- Managing Key Stakeholders: Managing Investors, Lenders and Boards is demanding on top of dealing with day-to-day business activities and personnel. Therefore, bringing in a professional who delivers the right financial packages for all stakeholders will alleviate burdens.
- Preparing for a Transaction: Due diligence, discounted cash flows, deal structure and tax consequences are only a few of the considerations to weigh when buying or selling a business. A Fractional CFO sorts through all the financial matters to give you the leverage you need in negotiations.