A Chief Financial Officer (CFO) is a senior executive with responsibility for the financial affairs of a company. A Fractional CFO is an individual who provides CFO services to a small and medium size business on a part-time or outsourced basis.
Generally speaking, a Fractional CFO works with business owners and entrepreneurs to set strategic direction for a company which is usually supported with financial modeling and operational planning. Timely and accurate accounting records are critically important to understanding the health of a company and provide the foundation for moving the company to achieve its business objectives.
Fractional CFOs tend to have vast professional networks that include banking, legal, insurance, investors and other vendors that can be used to augment the network of the business owner to help advance the company’s agenda.
It’s lonely at the top. Business owners need a sounding board in which they can bounce new ideas and business strategies. While no one can anticipate the future, an experienced Fractional CFO can pragmatically listen to ideas and business strategies and contemplate how those ideas might help or hurt the long-term direction of a company. Learn more about SignalCFO.
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