Hire a Fractional Chief Financial Officer
If you’re seeking a finance professional that can help to maximise revenue and drive your business towards your long-term financial goals, a Chief Financial Officer can deliver the experience, financial expertise and strategic knowledge that you need.
At Hire CFO, we connect companies with seasoned and highly qualified fractional CFOs, to join your team on a part-time basis to transform your financial strategy and operations. Available from as little as 2 days per month, up to 12 days, see what our top-performing CFOs can offer you, and your business. Contact our team today to find out more.
See how much you can save. Try our cost savings calculator.
The Role and Responsibilities of a Fractional Chief Financial Officer
In their role as company chiefs, CFOs must have a keen understanding and experience across all functions within the finance department. A fractional CFO will provide the same level of experience, but on a part-time basis, depending on the needs of the business. CFOs supplied by Hire CFO are experienced and able to assist with many areas including but not limited to:
- Strategic planning. Developing long-term strategies and advising on annual budgets, to ensure the business is on-track to meet its financial goals.
- Driving growth. Raising capital, identifying opportunities, reducing waste and pitching to outside clients, investors, and partners.
- Data analysis and reporting. Reviewing data to identify important trends, issues, and opportunities, then developing strategies to address them.
- Leadership. Working alongside other chiefs, directors, and the finance department to achieve shared goals and more collaborative working practices.
- Financial and accounting compliance. CFOs provide understanding of legal liabilities, VAT, corporate tax and more, to ensure the business is operating in compliance with relevant laws and regulations.
- Innovation and continuous improvement. Fractional CFOs can bring fresh perspective and ways of working to your finance department, from technical recommendations to identifying blockers.
How can hiring a Chief Financial Officer benefit your business?
When start-ups or small to medium-sized businesses reach a certain level of growth, they may require some outside guidance on how best to build upon their early success. Similarly, when a medium-sized business expands over 500 employees, they may find that their finance department could benefit from more direction and the introduction of a seasoned strategic thinker.
In instances like these, hiring a fractional CFO can be an effective and cost-friendly solution. Fractional CFOs can also offer valuable interim support, when full-time CFOs are on long-term leave.
Fractional CFOs are able to save businesses money by applying their unique expertise and wide range of experience to the team they support. If you’re looking for assistance and a data-backed strategy to help you reach your organization’s financial goals, book a free consultation meeting to find out more about what a fractional CFO could add to your business.
How Hire CFO Connects Businesses With Their Ideal Candidate
With over 25 years of experience in matching seasoned candidates to SMEs looking for their skills, Hire CFO could be the reliable recruitment partner you’ve been searching for. Founded by a group of seasoned finance professionals, we use a 30-point hiring plan to ensure we identify the ideal candidate to meet your requirements and help drive your business forward.
Click below to learn why you should choose Hire CFO for experienced chief financial officers.
Searle Goott CA (SA) and his global exceptional network of CFO’s at Hire CFO are the answer to most people’s prayers. I love throwing hard to deal with requests, and he always surprises me with the right person for the job at the right moment. This is a masterful platform for rapidly scaling businesses.
Julie Meyer, Chairman and CEO, VIVA Investment Partners
Rated “Excellent” on Trustpilot
Rated 4.9 stars on Google
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Fractional CFO: Frequently Asked Questions
What does a Fractional CFO do?
- Financial strategy. Fractional CFOs can assist in long-term financial planning, creation of budgets, and plan the steps that will allow your business to reach their financial goals.
- Financial leadership. Our fractional CFOs will work alongside your existing finance department, providing guidance and support to improve your team’s structure and effectiveness.
- Assessment and reporting. Fractional CFOs can analyse, report on, and present financial data to give a clear picture of your company’s past, present, and future.
- Compliance and risk management. With a keen understanding of legal liabilities, market awareness, and more, fractional CFOs are well-placed to assess your current financial compliance, advise on best practices and mitigate risk.
- Innovation. We supply businesses with forward-thinking, experienced CFOs who are able to quickly identify blockers and sources of waste, before recommending solutions to streamline financial operations.
If you’re searching for a fractional CFO to help solve a specific issue within your organisation, you can book a free 30-minute call with our talent supply team to discuss your requirements.
What are the benefits of outsourcing for our CFO role?
The fractional CFOs that we work with understand the challenges of integrating into an existing team, and understand the value of working alongside the team while sharing their perspective, to develop a financial strategy that everyone is in support of.
Is it worth it to hire a fractional CFO for my business?
While hiring for any new role within your company will require careful consideration and budgeting, hiring an experienced and effective CFO can save your business thousands in the long run. CFOs are adept at identifying waste, maximising revenue, and we believe that our fractional CFOs add significant value to any finance department that they join.
Though we understand the challenges of budgeting for a new role, fractional CFOs are a cost-effective solution. Our clients typically save between 30 and 50%, compared to the costs of hiring a full-time CFO. To determine how much a fractional CFO could save your business, you may like to use our Fractional CFO Cost Saving calculator.
How many hours does a fractional CFO typically work?
We supply fractional CFOs who can work as little as 2 days per month, to CFOs who will join your team for up to 12 days per month. We can be as flexible as you like, and will put you in touch with candidates who can best fulfil your requirements.
What qualifications and experience do your fractional CFOs have?
Before we recommend a candidate, we take into account their previous roles, any relevant qualifications they have, as well as evidence that they have held leadership and management expertise which would qualify them for the position of a fractional CFO. We vet all our candidates carefully before accepting them, so by partnering with us, you can access a network of top-performing finance professionals.
How much does it cost to hire a fractional CFO?
Hire for Related Fractional Finance Roles
Looking for specialised financial support beyond a CFO? We connect businesses with experienced finance professionals across a range of roles. Browse our other pages to find the right fit for your team, whether you need strategic oversight or expert accounting services.