Inspired Fractional CFO Services
As a small business owner or manager, when you look down the road, do you see a clear path to success or are there financial hurdles you’re not sure how to get past?
If you need help moving forward, you might want to consider hiring a Chief Financial Officer. The CFO can act as a strategic advisor to your business and provide financial expertise in a wide range of areas such as budgeting, cash flow management and forecasting, risk management, and developing long-range strategy and goals.
If you can’t afford to hire a full-time CFO, a great option you may want to consider is outsourcing a fractional CFO. Inspired Accounting offers competitively priced outsourced CFO services to assist with your small business financial management.
What services does a fractional CFO provide?
Fractional CFO services are a great way to tap the experience of a finance professional to help you develop infrastructure and financial strategy for your business. They can assist you with scaling your business for long-term growth, develop financial reports, monitor cash flow, prepare budgets, explore tax savings, suggest ways to raise capital, assist with strategic decisions, and provide financial analysis of profitability and trends.
Having access to CFO services is also beneficial for developing long-term goals, strategic plans and business models. Should a possible merger or acquisition be on your business’s horizon, they can also provide forecasting, analysis and assist with documentation needs. Hiring a fractional CFO can also provide the expertise needed to train existing or new staff in the accounting or finance department.
Why do you need CFO services?
Investing in a fractional CFO can provide you with a solid grasp of the overall financial health of your small business. As financial experts, they can help you develop an actionable business plan geared toward growing your business. They can also take a lot of the pressure off by developing the budget, tracking cash flow and increasing efficiencies throughout your business.
Small businesses who take advantage of a fractional CFO have access to a partner who is also experienced in driving strategy and supporting the business through change.
What makes Inspired Fractional CFO Services different?
Inspired Fractional CFO Services provides professional fractional CFO services at a competitive cost. Our services are designed to help keep your business healthy and growing while providing you with the confidence of knowing how your finances are working.
When you partner with Inspired Fractional CFO Services, you don’t simply hire for CFO services. You gain a dedicated business partner who will provide you with the expertise and support you need to move the needle of your business in the right direction.
Improved Visibility and Understanding of Cash Flow
Cash is your business’s lifeline. You need to have your finger on the pulse at all times.
Clear Path to Revenue Growth
Financial models mapping the way to growth.
Operating Procedures and Internal Safeguards
Help managing risk along with recommendations to implement control.
Solid Data for Decision Making
Accurate, up-to-date data is critical for developing financial plans geared toward growth.
What are my options for CFO services?
All sizes and stages of business can benefit from the financial information, guidance and leadership a CFO can provide. However, most businesses don’t need and can’t afford a full-time CFO, that is where a fractional CFO comes in.
Small businesses can get the value of a full-time CFO, at a fraction of the cost, by engaging Inspired’s Fractional CFO services. We offer a Monthly and Quarterly CFO package, ready to be tailored to your company's needs. With both of these CFO services packages, the majority of the work is done off-site utilizing cloud-based accounting software. Virtual meetings are held using software such as Microsoft Teams, Google Hangouts, Zoom or Skype. Periodic in-person meetings can be discussed as an option as well.
Frequently Asked Questions
Is Inspired Fractional CFO Services experienced?
Fractional CFOs typically work with a variety of businesses. This provides them with a wide range and depth of experience as well as the flexibility to adapt to new diverse situations. Inspired Fractional CFO Services has 22+ years of experience in a variety of industries.
What services do I have to purchase?
At Inspired Fractional CFO Services, we work with you to determine which services will best meet your needs. You never have to purchase services you don’t feel will help you or your business. We have a core package that can be augmented as needed to meet each client’s specific needs.
How can I justify the cost of CFO services?
While there will be a cost for fractional CFO services, focus on the benefits. You will have access to a financial professional who provides guidance, solutions and recommendations thus allowing you to focus on running your business. CFOs also look for ways to improve your business processes and improve efficiencies which may result in cost savings to your business.
Get the benefits of a full-time CFO without the premium expense of a full-time employee when you work with Inspired CFO. We will provide you a clearer financial picture of your business while helping with forecasting and projections, cash management, budgeting and more.