Why a Part-Time CFO Works?
A service that pays for itself many times over…Here are just some of the reasons companies hire a part-time CFO service:
- Improve Revenue. CFO's play a crucial role in enhancing profitability by maximizing current operational efficiency and utilizing forecasting to set standards for future operations.
- To add a management partner to your team. Someone you can bounce ideas off. A partner to provide an objective sounding board for senior management in the decision making process. CFO’s also provide business counsel and insightful analysis.
- To provide a third party perspective. CFO’s conduct independent reviews, fresh perspectives and will tell you like it is. Even if you have a controller or CPA, we offer a ‘second look’ program to give you unbiased third party perspective that includes recommendations of opportunities for profit improvement.
- Strategic focus. Allows you to focus on strategic management to your business objectives.
- Accountability. Regular meetings that keep you accountable and on task to your goals and objectives.
- Communicate with multiple owners and business professionals. A CFO is one person who really understands the numbers, and explains them to your audience in terms anyone can understand.
- Restructure. A CFO will help you determine ways to restructure existing loans and agreements with suppliers to save money.
- Slash Costs. Your CFO is skilled at finding areas where you can save money with the least impact to your business. A part-time CFO on an as needed basis is much less expensive than a full time CFO.
- It pays for itself. The cost savings and profit gains more than make up for the fees.
- Outsourced controllership. Instead of having full-time controller, hire a part-time CFO. A CFO ensures that all recordkeeping and financial reporting procedures are accurate and compliant with all regulations that apply to the business.
- Fix faster. While you may be able to fix any problem yourself, engaging a CFO Service speeds that time up for you and allows you to focus on other more important things or what you do best.
Interested in learning more about how a CFO Service can guide your business in new growth and profits!
Give us a Call at 808-497-5019
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