A fractional CFO can help start-ups by providing services for organizations on a part-time or contractual basis. This means the company can gain the expertise of a CFO without the significant costs that an in-house, full-time CFO may bring.
Typically, a CFO is brought on for a specific project to meet the company’s financial goals on Agen slot joker, or to address financial challenges sustainably.
What Can a Fractional CFO Do for a Startup?
Fractional CFOs work on a number of projects that require expertise in financial modeling, accounting and business strategy. They usually work on a project or challenge that the company’s current in-house staff are not equipped to deliver on.
Many in-house accounting and back-office finance professionals spend their time working on past financial transactions and the present. A fractional CFO may be brought on to forecast the future of the business from a financial perspective, providing strategic recommendations for its growth.
A fractional CFO often contributes to a business by strategizing the best ways to achieve the growth required. This often requires thinking about financial goals over the next few years and making recommendations on financing the business, through external investment or loans.