The Chief Financial Officer (CFO) in any business is the lifeblood of the organisation. Sitting at C-Suite level, a CFO’s role is to ensure that the business’s finances are in the best shape they can be, enabling growth, innovation, and progression.

It’s up to them to understand and track the company’s cashflow, to help it remain profitable, to analyse the strengths and weaknesses of the organisation’s finances, what hurdles need to be overcome and opportunities grasped, and to support other C-Suite members of the team, such as the CEO, to make positive, informed decisions based on financial data. They’ll also ensure the business complies with all financial rules and regulations.

Really, it’s a case of what doesn’t a CFO do?

Large organisations benefit greatly from having a CFO. Indeed, 91% of corporate executives say that one of the biggest benefits of employing a CFO is higher profits. They, of course, add so much more than a healthier bottom line. CFOs lower business risk, use their negotiating and pricing power wisely, and enhance the business’s ability to innovate.

But there’s a reason why it’s usually only large corporations who employ CFOs. The average salary of a CFO in the UK is more than £159,000. Unfortunately, it’s a luxury not all businesses can afford. This is where a fractional CFO can change the game for start-up and scale-up businesses.

Effective financial management for start-ups and scale-ups

Need support with financial strategy, business finance, growth finance, and financial management but at a reduced cost? A fractional CFO could be the answer.

Pretty much what it says on the tin, a fractional CFO does everything a full-time employed CFO does, but ‘fractionally’, or part-time. Fractional CFOs have the same experience and knowledge as full-time CFOs, but usually work for several clients – rather than being employed by one – on a consultancy basis. This way of working means far less expenditure; smaller businesses can be rest assured that employing a fractional CFO isn’t going to set them back £159,000 a year.

Fractional CFOs can fulfil a huge range of business needs, ensuring your business is reaching its objectives and beyond. At Fractional Finance, we can help you with:

  • Keeping you core finances in good shape – bookkeeping, cash flow management, new systems and software, and data collection and analysis
  • Ensuring you have a solid business strategy based on actionable data and insight
  • Keep your business safe from challenges and open to opportunities through forecasting
  • Provide financial counsel to your C-Suite and board to keep you progressing
  • Minimise any potential risks your business could face
  • Prepare you, your team, and your business for investments or exit

Working with you for fewer hours a month compared to an in-house CFO doesn’t mean delivering a lesser service. We’re here to make an impact. Take the results we achieved for one of our clients as an example: while they were working hard developing an AI tool, we helped them grow their revenue by 67% year-on-year.

Want to find out more about how one of our fractional CFOs could help your business thrive? Contact us today.