What are the benefits of using a fractional CFO?

What makes a fractional CFO a good option for your company?

Even though CFOs play a vital role in their organization, deciding whether or not to hire for an in-house position is one of the most critical decisions a business can make.

When seeking the assistance of a seasoned CFO, companies have traditionally considered full-time hiring. However, many organizations are now turning to fractional hiring as a valuable alternative if expert advice is only required periodically.

But what exactly is fractional hiring? How can this method benefit your business?

A fractional CFO is a senior financial executive that handles day-to-day financial operations while also providing strategic direction and support.

Due to its growing demand, our team at Abacum has created a straightforward infographic outlining all the advantages of hiring a CFO on demand.

Download our most recent resource today to learn more about this popular hiring modality.

What is a fractional CFO?

A fractional CFO is a financial expert who works with a business on an as-needed basis rather than being hired as a full-time employee. They provide the same services as  full-time CFOs,  such as financial guidance, budgeting and forecasting, assessing risk management strategies, and strategic planning services, but without the long-term commitment or expense of hiring a full-time employee.

Fractional CFOs are therefore ideal for businesses that require expert advice periodically but don’t have yet the scope or need for a full-time one. 

If you are looking for a cost-effective way to get help with your finances without committing to a full-time employee, then hiring a fractional CFO may be the right choice for you.