Outsourced CFO Services

We pack a lot into our CFO services, for instance, we create realistic, achievable KPIs that genuinely have a positive effect on your company’s growth. We work with company leaders to develop actionable financial strategies and make informed, insightful decisions about things like investing, staffing, and budget allocations.

The biggest difference, and the biggest benefit, is that you get senior financial expertise without the expense of permanent staff. Our CFO services are flexible and scalable, so you only ever pay for services you need at the time. This makes us perfect for growing or transitioning companies who need more than straightforward financial reporting.

We aim to provide actionable insights that deliver tangible results. These range from strategic investments and growth models to accurate forecasting – including contingencies when the landscape changes unexpectedly. We also identify successful revenue streams, as well as streams that have started to cost more than they bring in.

Yes. One of the ways we do this is to clean up financials and reporting for due diligence. In fact, our reporting formats always match investor expectations – always a good thing. This is important for nonprofits that need accurate reporting to support submissions for funding or grants.

Yes. We believe financial literacy is essential for all business leaders and anyone involved in your company’s finances. This is why we break down and explain financials in easily digestible formats. This includes departmental budgets and forecasting. We aim to empower your finance team to make better strategic decisions that boost your bottom line.

Outsourced CFOs are a godsend for startups and small to medium-sized businesses that need insight into their financial health without the expense of a permanent hire. Business leaders (owners, boards, executives) will enjoy the variety of services an outsourced CFO provides.

For instance, CFOs create a monthly pack with set metrics, like cash, margin, runway, and forecast versus actuals. There’s consistency in the data which takes the form of a single narrative.

CFOs also tie segment and product profitability to the general ledger. Avoiding spreadsheets like the plague. The result? Fewer debates over math in critical decision making meetings.

While we’re on the topic of decisions, they are ably backed by scenario work. All hiring, pricing, and spend timing data is grounded in trusted inputs.

Speaking of trusted inputs, board and lender views reuse the same source data, which inspires confidence in numbers. Luckily, this is borne out by dramatically reduced reworking requirements.

Outsourced CFOs are definitely not supposed to increase the complexity of your financial system by adding to it. They’re there to do exactly the opposite and they achieve this by:

• Locking metric definitions and owner responsibilities. Any changes are entered once and then filter down workflows until they end up exactly where they’re supposed to be.
• Tying planning to source systems, including ERP, payroll, and CRM. Automation avoids the risks inherent in manual collation, as well as the risks of using stale data extracts.

CFOs know that totals aren’t the be-all and end-all of your financial health. Instead, they look at what causes movement; the things that affect totals. This approach shines a light on the actions that impact your business’s finances.

Team morale and motivation don’t fall on the CFO’s shoulders, but anything they can do to improve the situation is welcome. This is why we recommend a rolling 90-day improvement list with plenty of small wins with compounded value.