Outsourced CFO

Outsourced CFO services provide the same services that a full-time employee could offer you, minus the cost of benefits and salary.

Outsourced CFOs can paint a picture of your company's health and provide sound financial advice about opportunities and dangers that might prevent you from reaching your financial goals.

Any CFO should be a licensed Certified Public Accountant (CPA). Other credentials relating to forensic accounting and business valuations indicate experience that could serve your business well.

There are many benefits to outsourcing CFO services, but here are the most important ones you should know.

• Expert Financial Advice. Outsourced CFOs often have extensive knowledge and have worked with the finances of various companies in different industries.
• Reduced Expenses & Flexibility. A full-time CFO requires payment of salary, routine incentives, and benefits. Instead, with Outsourced CFO services, hours may increase or decrease based on the company's specific demands, and you pay only for the services you need without sacrificing knowledge, expertise, and experience.
• Budgeting, Forecasting, & Planning. You cannot drive a car looking in the rear-view mirror, nor should you "drive" your business backward. While a budget sets the course, an outsourced CFO can help you understand the financial components that measure successes, navigate pitfalls, and develop a financial strategy.
• Fraud & Risk Mitigation. Risk. Whether financial, strategic, or operational, your business faces it daily. The best way to mitigate it is with an organized plan. An outsourced CFO service, with access to forensic accounting and business valuation professionals, can help identify risks, design, and implement a tailored mitigation plan, and ensure plan compliance to safeguard your investment.