As an experienced recruiter in the Accountancy and Finance sector we’ve come across a number of different scenarios and businesses where the affordability of hiring a Chief Financial Officer for a small business is not feasible, but the skillset and experience is much needed to bring the business profitability and success onto another level.

This is where a Fractional CFO comes into play.

A fractional CFO is a part-time Chief Financial Officer typically hired by startups on a contractual basis to share their expertise in finance, strategic planning and other CFO-related activities.

Working with an experienced CFO on a fractional basis can improve the financial management of a growing SME. By hiring a part-time CFO, companies get valuable Chief Financial Officer experience without incurring the cost of hiring a full-time CFO until it’s affordable.

Hiring a fractional CFO as an independent contractor (instead of a full-time CFO) reduces business costs. It provides access to higher-level strategic planning, cash flow, advisory, negotiation, and financial analysis skills beyond preparing financial statements. 

Fractional CFO support services can include:

• Strategic planning
• KPIs
• Business plans and pitch decks to raise venture capital
• Financial modelling
• Valuation
• M&A due diligence
• Forecasting and budgeting with variance analysis
• Cash flow management
• Banking relationships
• Business intelligence
• Financial analysis (FP&A)
• Reports and presentations
• Decision-support
• Negotiations and Investor relations. 

The benefit of the Fractional CFO to a business needing this support is all the knowledge and experience at a fraction of the cost. Some businesses employ a fractional CFO for one or two days per month and the huge impact of this makes the return on investment a no brainer.

If you’d like to discuss how this could work for your and your business or find out more about the Fractional CFOs we work with, get in touch with Clare our Accounting and Finance division manager [email protected]

Share