Frequently Asked Questions.
How does a fractional or part time FD differ from a full-time FD?
A fractional FD provides top-tier financial expertise on a part-time basis, ideal for businesses that don’t need or can’t afford a full-time FD. 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 FD?
If your growing business faces complex finance challenges but isn’t ready for a full-time FD, a fractional FD is ideal. Key signs include rapid growth, cash flow issues, lack of strategy, poor forecasts, or the need for fundraising. A fractional FD delivers expertise on when and how you need it.
Can a fractional FD work with my existing finance team?
Yes, a fractional FD 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 FD start working with my busines?s
Depending on availability and your specific needs, a fractional FD 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 FD, allowing you to address urgent financial challenges or capitalise on growth opportunities without delay.