Hire An Outsourced CFO For Business Growth
As a business owner or the executive decision maker of an organization, you are challenged every day with the demands of running your business: growth needs, profitability, cash flow, opportunities for acquisition or merger, and so much more.
Hiring an experienced Chief Financial Officer is the solution to providing strategic advice on cash flow planning, debt and equity financing, and financial forecasting.
A part-time CFO (sometimes called a “fractional CFO”) is the solution to support your business to move forward. An outsourced CFO gives you the opportunity to have the guidance of an experienced financial executive without the cost of hiring a full-time executive employee.
Outsourced CFO Services
Outsourcing the CFO functions of your business or organization through Griffin and Furman provides your business with expert financial guidance. These services below are just some of the services that our CFOs will utilize to optimize your business’ financial health:
Cash flow is often the number one challenge for most business owners and executives. An outsourced CFO will help with managing revenues and expenditures to optimize cash flow.
A review of cash flows will help understand overall financial strengths and weaknesses and allow for suggestions for improvements.
A CFO can help you arrange credit lines or restructure existing ones. A CFO will help find the creditors who can provide the needed capital for future growth and advise on the busines’ mix of equity and debt.
The principal role of a CFO is to understand the business’ financial standing and to improve it. This is accomplished with financial reports.
With the data in standard financial statements, your part-time CFO can then develop reports specialized to your business needs and also recommend key metrics to track effectiveness of your products or your efforts.
Ongoing Strategic Planning and Forecasting
Our CFO professionals use data driven strategic planning to manage the process for annual planning and to create forecasts and budgets. Our financial experts will also facilitate meetings to keep the business accountable to the plans and to correctly adapt the plans for trends or the unexpected.
Mergers and Acquisitions
For businesses or organizations considering a merger or acquisition, we assist with deal structuring, future forecasting, and cash flows, negotiating letters of intent, and reviewing purchase agreements.
CFO For A Fraction Of The Cost
Many businesses and organizations never even consider the availability of part-time Chief Financial Officer, but outsourcing your CFO functions is a cost-effective solution to having a financial expert to guide your business.
A part-time CFO from Griffin & Furman will become a reliable and trusted part of your team. Opting for part-time professional over full-time gives your business leadership and experience at a fraction of the cost.
The scope of the work needed, and the skill set of the professional will set the actual cost. Whether a short-term project or specific tasks or full monthly service work will all determine agreed-upon costs paid hourly, fixed fee for service, or in monthly retainers.
Advantages of Outsourced CFO Services
For many small businesses, a full-time CFO is out of reach. Part-time CFO services provides CFO expertise for a fraction of the cost.
An outsourced CFO brings a fresh look at your metrics to offer new insights. Also, a part-time CFO generally has a few clients in their area of expertise and can offer those observations from deep experience.
A CFO is an incredible help to an organization’s CEO by taking responsibility for the financial tasks and freeing the CEOs time for other executive efforts. A CFO will provide sound financial recommendations to put your company on the path to success
Scaling an organizations’ needs is often difficult, and the services of an outsourced CFO can grow (or shrink) with the up and down periods of your business.
Outsourced CFO To Guide Your Business’s Growth
An outsourced CFO can significantly support the strategic decisions for the future of your business or organization. Griffin & Furman is ready to help you achieve your financial goals.