What is a fractional CFO/Controller and its value

Zachary Runyan, CPA
Jun 7
2 min read

Updated: Jun 9

You might be thinking why do I need a fractional CFO/Controller? What value does it bring to me?

A fractional CFO/Controller is an outsourced service to provide your business with executive level expertise without the commitment of a full-time person. This service provides your business with several items including:

Budgeting and forecasting
Financial reporting
KPI identification and measurement
Improving profitability
Improving cash flow

Those are the basic level items that a fractional CFO/Controller service should provide. We believe that this service should expand on those items so that we can be a strategic partner for your business. This means that a fractional CFO/Controller must truly understand your operations at a granular level and understand what makes your business tick. Additional items that should be provided are:

Helping you prioritize your business goals
Providing oversight to your accounting and finance team (whether internal or external)
Providing advice on software solutions as well as banking and financing decisions
Give advice on your business model and help to improve it
Provide help with business decisions
Interpret financial information and tell the story of your business
Assess and mitigate financial risks
Present to your board and outside parties

This service provides you with piece of mind that the accounting and finance tasks are being handled and your business is moving forward in the direction you want. You can still be as hands on (or off) as you would like, but you will get regular updates about what is happening in your business.

For more information, please reach out and book a meeting to get started! Click here to book a call or call 719-285-7554.