Frequently Asked Questions.
How does a fractional CFO differ from a full-time CFO?
A fractional CFO provides top-tier financial expertise on a part-time basis, ideal for businesses that don’t need or can’t afford a full-time CFO. You get industry-specific skills tailored to your needs, with the flexibility to scale services as your business grows.
How do I know if my business needs a fractional CFO?
If your growing business faces complex finance challenges but isn’t ready for a full-time CFO, a fractional CFO is ideal. Key signs include rapid growth, cash flow issues, lack of strategy, poor forecasts, or the need for fundraising. A fractional CFO delivers expertise on when and how you need it.
Can a fractional CFO work with my existing finance team?
Yes, a fractional CFO is adept at seamlessly integrating with existing finance teams and will deliver from day one. Their role is to enhance the team’s capabilities by providing strategic oversight, mentoring, and guidance. They will ensure that your finance team is well-supported and that your business benefits from high-level financial expertise without disrupting day-to-day operations.
How quickly can a fractional CFO start working with my business?
Depending on availability and your specific needs, a fractional CFO can start working with your business within a few days to a couple of weeks. The onboarding process involves getting to know your business, meeting the key stakeholders, reviewing the financials, and setting clear objectives. This rapid deployment is one of the key benefits of hiring a fractional CFO, allowing you to address urgent financial challenges or capitalise on growth opportunities without delay.