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The Chief Financial Officer (CFO) role is defined as a member of a company’s executive team with responsibility for managing the financial arm of the organization including setting financial policy as well as advising the Chief Executive (business owner) on strategic financial matters and growth strategy.
Important functions also involve cash flow management, financial forecasting, assessing the company’s financial strengths and weakness and internal control processes and proposing corrective actions as needed.
Hiring an outsourced, or part-time/Fractional CFO can benefit an organization by providing financial expertise and an outside perspective that can help the owner see alternative solutions internal employees may not have considered.
An outsourced, fractional CFO can help a business scale by focusing on capital, liquidity and cash flow, increase the effectiveness of internal and external strategy planning and facilitate long-term sustainable growth.
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