Streamline Your Business Finances
with an Outsourced CFO
It’s the blessing and the curse of a running a business. Everyone is aiming for success, but the more you succeed, the more elaborate and complex your finances become. This is where CFO services become crucial.
For many companies, hiring a traditional CFO feels daunting, and even unnecessary. If you’re a smaller organization, you may not have enough resources or consistent work to justify hiring a full-time CFO on to your team. The fact remains that CFO services are critical to strategically grow and scale your business. So what is a business owner to do?
ScaleFactor offers an Outsourced CFO as part of our finance and accounting services. Not only do you get one of our trusted experts to help you navigate your finances, but you get our suite of software to keep your financial reporting, accounting, payroll management, and bookkeeping running 24/7.
How Will an Outsourced CFO Benefit Your Business?
For starters, employing a full-time CFO who demands a six-figure salary simply isn’t feasible, especially if your business is just taking off. An Outsourced CFO won’t require tax payments, health benefits and retirement premiums — there’s no trade-off for the expert financial management and savings you’ll gain from an outsourced financial officer.
ScaleFactor’s outsourced CFO services give you increased supervision of accounting functions, as well as refinined policies, procedures, and methodologies for improved efficiency and scalability. Moreover, we’ll enhance your communication with investors and lenders, as well as provide comprehensive metrics and data reporting to streamline your business’ operational functions.
Outsourced CFO services are far from being a lesser alternative. In fact, letting ScaleFactor manage your financial data allows you to improve your accounting systems and save on hiring costs. You’ll be free to focus on more critical issues and projects that will keep your company growing.
How Does an Outsourced CFO Work?
Outsourced CFO services help you set, measure and achieve your operational and strategic goals from a financial standpoint. Your ScaleFactor expert handles your financial planning and analysis, delivering the complete picture of your company so you can make the best decisions for your business, based on fresh data. CFO services give you deeper business insights with:
- Advanced KPIs: Custom key performance indicators (KPIs) are tailored to your business to give you the insights you need to excel in your industry
- Cash Flow Analysis: We’ll track your cash flow to show you where you’re spending, and deliver accurate projections to help you decide how you should spend in the future to meet your business goals
- Forecasting and Budgeting: We’ll help you create a budget (if you don’t have one already!), and track it against your actual performance on real-time, shareable dashboards
Does Your Business Need CFO Services?
CFO services help you gain financial clarity, understand how to reach your growth goals, and run a more profitable business. Plus, they’re a great complement to your accounting services to round out your business operations.
Best of all, an Outsourced CFO will allow you to focus on what matters most for your business. You won’t have to spend time worrying if your financials are being done without error. It takes the responsibility off of you.
When determining if an Outsourced CFO is the best option for your company, you need to take into account your individual business. Think about your company goals, organizational structure, cash position and budget. Many companies, especially in their early days, can get away without a full-time CFO. But the fact remains, all successful companies have an impeccable financial foundation.
If a traditional CFO isn’t the best fit for your company, an Outsourced CFO could be the best, most cost-effective way to ensure your finances are taken care of. Request a demo today to learn more about ScaleFactor’s outsourced CFO services!