A fractional CFO is an experienced CFO who provides services for organizations in a part-time, retainer, or contract arrangement. This offers a company the experience and expertise of a high-end CFO without the in-house cost—salary, benefits, and bonuses—of a full-time CFO.
Unlike a full-time CFO who oversees and maintains all general financial strategy or an interim CFO who performs CFO duties before or between CFO hires, a fractional CFO’s duties are typically on a project basis and specifically tuned to the company’s particular challenges or goals.
Fractional CFOs most commonly partner with companies to help overcome financial challenges, achieve growth, optimize strategy, implement systems, raise capital, or navigate an audit or transaction.
What is the difference between a CFO and a fractional CFO?
Cost-Effective Expertise: Fractional CFOs offer high-level financial expertise at a fraction of the cost of a full-time CFO. This enables startups and small businesses to access top-tier financial talent without straining their budgets
Fractional CFO is helpful in:
Getting books in order
Producing financial forecasts
Bringing expertise and validation to the company
Sitting in on board meetings
Helping with strategic relationships
Analyzing term sheets and contracts
Overseeing due diligence