Your CFO will be an A-player and a proactive leader, capable of tuning and driving the performance of your business and enabling you to fulfil your life’s ambition.
We offer a 24 hour line for consulting free of charge. Our service is highly confidential as our client list.
As we are trained by the CFO Center, it goes without saying that your CFO will be exceptional with numbers. But a CFO Center CFO means you get an allrounder who acts as a Strategist, Operator, Catalyst and Sounding Board.
Using THE CFO CENTRE’s matrix of twelve financial building blocks we build the platform which enables you to ‘own’ rather than ‘run’ your business.
First things first: we’ll help you to define your life’s ambition: what you really want from your business – the numbers that really matters to you.
There are a few significant signs that it might be time to consider a part-time CFO for your company. Some of these include:
Why Use Part-Time CFO Services?
Hiring full-time employees is very expensive and can be risky. With the advent of cloud-based tools that make collaboration easier, companies can now have ready access to a Part-Time CFO resource. Accounting departments are typically busy and at capacity with the day-to-day tasks of the business. A Part-Time CFO offers built-in efficiencies in purchasing the skill sets and bandwidth needed at any particular time.
What Do You Get with a Part-Time CFO?
With a Part-Time CFO level resource, there is increased oversight of the accounting department. Through the development and refinement of policies, procedures, and technology, a company can benefit from increased efficiencies, reduced timelines, and added scalability. The company also benefits from a higher level analysis with the additional reporting metrics of projections, profitability, and scenario planning. The CFO role improves the communication with lenders and investors and supports the operational functions of the business with robust data reporting and metrics. In small to mid-sized business, they will often be very hands on, and possess excellent communication skills.
The importance and breadth of the CFO’s role continues to grow, shaping a future CFO looks very different from that of years past. Meaning, the Chief Financial Officer [of the Future] will need a wide range of skills and capabilities to prepare for the opportunities and challenges ahead. Whether you are a current CFO or a future finance leader, continuing your personal and professional development will be critical for success.
Most importantly, you don’t need to let go of your current CFO to attain the CFO of the future. If they are willing and eager to learn the tools required to take your business into the future, then train them. However, if your company has yet to hire a CFO or has been looking to replace the current employee, then be sure to look for these qualifications in your applicants:
Remember, for a CFO to be successful in the future, they will need to be a leader in a workplace that is continuously changing. They must be more than “the finance guy,” “the numbers gal,” or “the Excel wizard.” As technology grows and cybersecurity becomes more of a threat, the CFO must be adaptable and utilize the technologies that will help their company to grow. If the company’s CFO can understand that communication will get them farther than keeping their nose in the books, you may have a modern CFO on your team.
If your company is searching for a CFO, CFOCentre.com can provide part-time CFO’s of the future at a fraction of the cost of hiring a full-time CFO. Not only is this a budget-friendly option for any company, but a part-time CFO can help to refine policies and procedures, and even implement better tech tools for the accounting department to utilize. To find out more about our fractional modern CFO services contact us today.