Operator CFO services

by an investor from Vanderbilt University - Owen Graduate School of Management

3 years ago

Operators - Do you use or have an interest in using fractional CFO services?  If so, what sort of deliverables and time commitment do you get or would be interested in?

3 likes
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3 comments

searcher

Just discussing this very subject this weekend. Agree with Russell and Kevin. I would always want a high-level CPA firm or power CPA on retainer or on call when needed. No need to pay for a full time service that you probably may not need. A one hour consultation when a strange situation comes up plus an extra eye every quarter on your financials in most small and LMM businesses is just smart.

3 years ago | like reply | 2 likes

searcher from Texas A&M University

Fractional CFOs can be a very positive resource if you truly need the knowledge of a CFO. If you need restructuring of the accounting/close process, banking /refinancing expertise, road show funding expertise, etc., but don't need a full-time CFO, having someone "on-call" can give you the knowledge you need. It will also help as your needs grow to have the same CFO, who will have the history and know the back-story as you grow.

3 years ago | like reply | 2 likes

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