4 ADVANT AGES OF HIRING A FRACTIO NAL CFO
Fractional CFOs can work on several projects and solve financial problems that require expertise in financial modeling, accounting and business strategy.
1. STRATEGIZE SHORT- AND LONG-TERM GOALS ● A fractional CFO can help you identify and quantify the goals of your organization. ● Your fractional CFO can analyze your business parameters, such as revenue growth rate, debt to equity rate or lifetime value of a customer, to set your goals.
2. GET THE BOOKS IN ORDER ● Fractional CFOs can keep your accounting records in order and up-to-date. ● They can also keep your books accurate, thus avoiding tax and banking errors.
3. GUIDANCE ON FINANCIAL CHALLENGES â—? Fractional CFOs can serve as longterm strategic advisors for your business and help you navigate through many financial challenges, such as raising capital, implementing a new accounting system, applying for a bank loan, or undergoing a financial audit.
4. FIND NEW SOURCES OF FINANCING ● When you need to raise capital, a fractional CFO can prepare financial reports about your business to pitch to investors. ● They can also help you find the best financing match for your business to fulfill your needs.
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