Fractional CFO / Part-time CFO
Using my many years experience as a Finance Director or CFO within the Corporate world, but also supporting SMEs and start-ups as a Fractional CFO, below are some of the typical CFO type activities that I support business owners with:
Strategic Financial Planning - Developing long-term financial strategies that align with the company's goals and objectives. This involves financial modeling, business planning, and scenario analysis to guide decision-making.
Financial Reporting and Analysis - Preparing and interpreting financial statements, management accounts, and key performance indicators (KPIs), to help provide more clarity the financial health of the business and identifying areas for improvement.
Cash Flow Management - Monitoring and optimizing cash flow to ensure the company can meet its financial obligations. This may involve working capital management, credit control, and cash flow forecasting.
Financial Controls and Risk Management - Understanding your current processes and establishing appropriate and robust financial controls, policies, and procedures to minimize risk and ensure compliance, where required.
Budgeting and Forecasting - Creating detailed budgets and financial forecasts to ensure there are robust assumptions around income, manage expenses and anticipate future financial needs. This includes variance analysis to compare actual performance against budgets.
Product or Client profitability - Helping understand the profitability of what you are selling whether it be a product or services. For example, gaining more clarity as to how profitable different client relationship are, enables you to be more prepared (and more likely to be willing) to have that ‘difficult’ conversation with a client, should you wish to renegotiate the fees or redefine the scope.
Fundraising – Helping fundraise. Helping prepare investment proposals and liaising with banks, investors and lawyers.
Cost Reduction and Efficiency Improvement - Identifying opportunities to reduce costs and improve operational efficiency.
Mergers and Acquisitions Support - Providing expertise and advice during mergers or acquisitions, including support on due diligence, valuations and negotiations.
Performance Monitoring and KPIs - Establishing and monitoring key performance indicators to track business performance against strategic objectives.
Want to know more?