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What is a CFO?

In a traditional setting, the Chief Financial Officer (CFO) is a senior executive primarily responsible for managing and making financial decisions for a company. The CFO develops and oversees financial plans and strategies aligned with an organization’s goals.  They hold the highest financial position in a company, are responsible for the accounting and finance team, and play a vital role as a strategic advisor.

 

How is a Fractional CFO different?

A Fractional CFO provides services on a part-time or as-needed basis.  They are outsourced, meaning they assume the role and responsibilities of a CFO, without being a full-time company employee. They have flexibility to accommodate and provide for the individual needs, budget and goals of each client.

 

What types of businesses benefit from a Fractional CFO?

Companies who are looking to become more strategic in their goals, improve decision making, restructure, increase revenue, improve cash flow, looking to raise capital, or want an overall clearer view of their financial situation.  ​

 

What is the difference between a CFO and a Controller?

A CFO engages in high-level financial planning, decision-making, forecasting, and helps shape the overall financial strategy for a company. They are future oriented and help steer a company based on financial insights and projections.

A Controller is operationally focused. They oversee and manage the financial operations of a company, handle day-to-day financial tasks, maintain accurate records, prepare financial statements, and ensure accurate reporting and compliance.

Both play a crucial role in helping businesses make informed decisions and achieve their goals,