Pro Business Plans is the exclusive network of 30+ fractional CFOs with direct experience in over 60+ industries, from startups to scaling companies. Jumpstart your financial growth with Pro Business Plans. Pro Business Plans has a Fractional CFO service focused on three verticals serving startups, growing, and mature companies. Pro Business Plans has a hybrid outsource / in-house service that combines the top 0.01% of CFOs with its in-house financial analysts, accountants, and other operations team members. This means that clients get the best of both worlds – the world-class experience, knowledge of successful CEOs, and the affordability and convenience of an outsourced CFO firm. Each Pro Business Plans client is hand-matched with a Fractional CFO based on their specific needs, goals, and budget.
New York, NY
What people are saying: #Business Plans, #Investor, #Strategy, #Real Estate Industry
What people are saying: #Financial expertise, #Financial Forecasting, #Expert Systems Consulting
Preferred CFOs’ experience and financial expertise are at the top in the industry. Their outsourced CFOs & controllers have decades of combined experience successfully developing financial strategies for organizations of all shapes and sizes. Whether you’re a start-up, small business, or large corporation, Preferred CFO has the perfect solution for your specific needs. Their forward-looking financial strategy helps companies achieve their goals by scaling and accelerating growth, optimizing resources, overcoming obstacles, and maximizing shareholder value.
New York, NY
What people are saying: #Finance and Accounting, #Financial Planning & Analysis
If you’re looking for a growth platform to help you navigate your immediate business challenges and plan for long-term success, look no further than Paro. With access to the top 2% of pre-vetted industry professionals – many from the Big 4 and Fortune 500 – Paro is 20x faster than traditional recruitment methods in identifying the exact experts your business needs, thanks to the proprietary AI talent matching technology. So why wait? Get started with Paro today and see what a cutting-edge platform can do for your business.
What people are saying: #Finance Experts, #Industry Experts, #Freelance finance experts
If you’re looking for the best of the best in freelance talent, look no further than Toptal. Toptal is an exclusive network of the top 3% of freelance software developers, designers, finance experts, product managers, and project managers worldwide. Top companies hire Toptal freelancers for their most important projects because they know they can rely on them to get the job done right.
Toptal is an elite network of highly skilled CFO professionals that can be accessed on demand. Whether you need help with a short-term project or want someone to handle a long-term initiative, Toptal has the resources to get the job done quickly and effectively. With a global network of over 10,000 people in 100+ countries, Toptal is one of the world’s largest and most diverse networks of top talent.
New York, NY
What people are saying: #Financial Strategies, #Accounting
Pilot is a CFO service built for businesses looking to accelerate their growth. With the help of Pilot’s expert team, companies can develop sophisticated financial strategies that will help them unlock their growth potential. Pilot has served over 1,000 companies and deeply understands different industries. Whether you need budgeting or fundraising support, Pilot will provide you with the necessary resources to succeed. With Pilot’s help, you can take control of your finances and chart a course for success. Their expert team has grown hundreds of businesses as former founders, startup operators, finance execs, and VCs—and they’ve raised over $1B collectively.
What people are saying: #CFO Services, #Accounting, #Tax Services
Ignite Spot is a great option if you’re looking for an outsourced accounting team that can help your business with bookkeeping, payroll management, and other financial reporting tasks. Ignite Spot has been helping businesses nationwide with their business accounting needs since 2008, and they offer a wide range of services to meet the specific needs of your business. With Ignite Spot, you’ll have access to knowledgeable and trained staff to help your business run more efficiently and effectively. And because you only pay for the services you use, Ignite Spot is a cost-effective solution for businesses of all sizes. So whether you need help with bookkeeping, tax preparation, or budgeting and forecasting, Ignite Spot can provide the assistance you need to grow your business and improve your bottom line.
What people are saying: #Selling Businesses, #CEO Services
Newport is the perfect partner for CEOs of privately held, growth-stage companies who want to grow their businesses faster, deliver maximum value at the exit, and successfully transition from one generation to the next. Newport has a proven track record of helping companies achieve these goals by co-creating a blueprint for improvement and then executing the plan. What sets Newport apart is the team’s extensive experience founding, growing, operating, and selling businesses. They understand the challenges CEOs and owners face intellectually and emotionally and are ready to help you overcome them. If you’re looking for a partner who can help you take your company to the next level, Newport is the right choice.
What people are saying: #Accounting Services, #Accounting Industry, #Business Advisors
Carr, Riggs & Ingram (CRI) is a Top 25 nationally-ranked accounting and advisory firm driven by relationships to cultivate growth. They offer a wide range of services, from traditional accounting to leading-edge business support and technology resources. Their assurance offerings give businesses the competitive advantage they need to succeed. CRI was formed in 1997 as a merger between two prominent firms that recognized the accounting industry’s changes and decided to turn these changes into opportunities instead of problems. Two years after this strategic alliance was formed, CRI broke into the Top 100 Accounting Firms in the United States, proving its dedication to being a major player in the accounting industry.
Santa Monica, CA
What people are saying: #Accounting Solution, #eCommerce Experts
Looking for a reliable and affordable accounting solution for your eCommerce business? Look no further than Fully Accountable! Their full-service accounting firm offers outsourced finance and accounting services specifically designed for eCommerce and technology companies. They have a team of experienced CFOs and eCommerce experts who can simplify your accounting processes and help you run your back office more efficiently. With Fully Accountable, you’ll receive processed transactions daily and access key insights that can help you grow your business and double your profit margins. You’ll also get your expert to provide timely and proactive feedback on reports, giving you the information you need to make sound business decisions.
What people are saying: #Business Valuation, #Taxes, #Accounting
Dr. Jordan CPA Services helps business owners make sound financial decisions without breaking the bank. Dr. Jordan is a certified public accountant who has practiced in California and Washington state. He has taught business valuation, taxes, accounting, auditing, and finance at multiple universities and brings this wealth of knowledge to his clients. In addition to his accounting practice, Dr. Jordan has also performed extensive research in bank valuation and analysis – publishing numerous articles in academic and business publications and developing a proprietary database and bank valuation algorithm. When you partner with Dr. Jordan CPA Services, you can rest assured that your finances are in good hands.
Fractional CFOs…Worth it? What to look for When Hiring
A fractional CFO is a consultant that provides advice on financial planning to businesses on an as-needed basis. The term fractional comes from the fact that these consultants are usually only brought in when needed and are not full-time employees.
Is it worth hiring a Fractional CFO?
You might want to consider hiring a fractional CFO for several reasons.
If you are a small business owner, you may not have the time or resources to dedicate to financial matters full-time. A fractional CFO can provide expertise and advice as needed, saving you time and money.
Another reason to consider hiring a fractional CFO is if you are experiencing growth in your business. A fractional CFO can help you navigate the financial challenges that come with growth, such as raising capital, managing cash flow, and
developing economic forecasting models.
Finally, if you are considering selling your business, a fractional CFO can help you prepare your financials for potential buyers.
What to look for when hiring a Fractional CFO Service?
There are hundreds of fractional CFO services out there, so how do you know which one is right for you? Your specific needs and goals will depend on which service is right for you. Below Top Fractional CFOs have compiled a list of factors to consider when hiring a fractional CFO service:
What are your goals?
Before you start your search, it is essential to know what your goals are. What do you hope to accomplish by hiring a fractional CFO? Do you need help with financial forecasting or preparing for a potential sale? By knowing your goals, you can narrow your search and find a consultant specializing in the areas you need help with.
Setting up goals is also a good way to measure the success of your fractional CFO after you have hired them.
What is your budget?
Another important factor to consider is your budget. How much are you willing to spend on a fractional CFO? When you know your budget, you can narrow down your search to consultants that fit within your price range.
You should also consider whether you want to pay hourly or project-based fees. Hourly fees will give you more flexibility in terms of how much you use the consultant, but project-based fees may be a better value if you have a specific goal you need help with.
What is your timeline?
Another important factor to consider is your timeline. When do you need the consultant to start? Do you have a specific deadline for your project? Knowing your timeline allows you to find a consultant available when you need them.
You should also remember that it may take time for the consultant to get up to speed on your business. So, if you have a tight deadline, you may want to start your search early.
What are your expectations?
It is important to know what your expectations are for the consultant. What level of experience do you need? Do you prefer someone who is local or who can work remotely? By knowing your expectations, you can find a consultant that is a good fit for your business.
What type of services do they provide?
When looking for a fractional CFO, you should also consider the type of services they provide. Do they offer financial forecasting? Do they have experience with mergers and acquisitions? Make sure to find a consultant that provides the services you need.
You should also consider whether you want a generalist or a specialist. A generalist may be a good fit if you need help with various financial matters. But, if you have a specific goal, such as preparing for a sale, you may want to find a specialist.
Are they the right fit for you?
When you have found a few consultants you are interested in, the next step is interviewing them. This is your chance to ask about their process and how they would approach your project.
You should also ask for references and case studies. This will give you a better idea of the quality of their work.
Ensure to interview several consultants to find the best fit for your business. A fractional CFO can be a valuable asset to your business, but you want to ensure you find the right consultant for your needs.
Key Takeaways about Fractional CFOs
A Fractional CFO service can be a valuable asset to your business. When you are ready to hire a Fractional CFO, you should keep a few things in mind, such as your goals, budget, timeline, and expectations. You should also consider the services you need and whether you want a generalist or specialist.
Frequently Asked Questions
A Fractional Chief Financial Officer is a financial consultant that provides advice and services to businesses on a part-time or project basis. A CFO typically has a broad range of experience in financial management to offer valuable insights to businesses of all sizes.
A Fractional CFO is a finance professional expert in financial management so they can offer a wide range of services to businesses. This may include financial forecasting, preparing for a sale, or managing mergers and acquisitions. Economic forecasting is a process of predicting a company’s future financial performance. This can be helpful for businesses that are considering expansion or are in the process of making important decisions. Managing mergers and acquisitions is another area where a Fractional CFO can be helpful. This process can be complex and time-consuming, so having an expert on your team can be valuable.
When looking for a Fractional CFO, you should ask for references and case studies. The best Fractional CFOs will have a track record of helping businesses achieve their financial goals. Subpar services will either not have any references or will have poor reviews. A great way to find a reputable Fractional CFO is to ask for recommendations from other businesses or your professional network.
Fractional CFOs typically charge by the project or on an hourly basis. The cost will vary depending on the scope of the project and the consultant’s experience. When considering a Fractional CFO, ask about their pricing structure and get an estimate for the project you have in mind.
We only provide rankings of the top Fractional CFOs. We do not provide any consulting or financial services ourselves. Our goal is to help businesses find the best financial consultants for their needs.
Fractional CFOs typically charge $300-400 per hour. The cost will vary depending on services rendered, the experience of the consultant, and the size of your business.
The right time to hire a fractional CFO depends on a company’s stage of growth or financial tasks at hand. Right after a business is founded is generally too soon, as the company will not have enough revenue to justify the expense. After a business has begun to generate revenue and profit, it might be time to consider hiring a fractional CFO if the company is growing quickly or faces complex financial decisions.
There are several benefits to using Fractional CFOs rather than hiring a full-time CFO. First, hiring a consultant on an as-needed basis can be more cost-effective. This allows businesses to save on benefits and costs associated with full-time employees. Second, businesses can choose to work with a Fractional CFO with specific expertise in the most important areas. This can be helpful if a business is facing a particular challenge or opportunity.
There are pros and cons to both options. Fractional CFO agencies can offer a wide range of services and have a team of experts to support your business. However, they may be more expensive than hiring an individual freelancer. Individual freelancers may be more affordable, but you will need to research to make sure you find a reputable consultant.
Yes, many Virtual fractional CFO companies provide advisory services. These services can include financial modeling, forecasting, and strategic planning. The scope of the advisory services will vary depending on the company you choose to work with.
There is no disadvantage to using a Virtual CFO over an in-person CFO. There are several advantages to using a Virtual CFO. First, using a Virtual CFO can be more cost-effective because you will not have to pay for travel or other expenses associated with meeting in person. Second, you can work with a Virtual CFO from anywhere in the world. This can be helpful if you have a global business or are unable to meet in person.
Fractional CFO engagements can last from a few months to a few years. The length of the engagement will depend on the project’s scope and the business’s needs.
When interviewing a Fractional CFO, ask about their experience, pricing structure, and the scope of services they offer. You should also ask about their availability and check whether they fit your business well. The questions which you must ask include:
- What is your experience in this field?
- How much do you charge per hour?
- What services do you offer?
- What is your availability?
- Can you provide examples of projects you have worked on?
When hiring a Virtual CFO, you should look for someone who is experienced, reputable, and has a good understanding of your business. You should also make sure that the consultant is available when you need them