Every company needs Financial expertise but not every company needs a full time CFO. That is where Fractional CFO services can provide much needed skill sets and competencies. A CFO is a crucial role and every company that wants to be competitive can leverage one. Doing so can take Finance and Accounting Departments to the next level.
An experienced and competent CFO leading a Finance and Accounting Department can deliver the following :
A Fractional or Interim CFO can help a business optimize profits and improve working capital. If an organization has never had a CFO before, a Fractional or Interim service can provide a big upgrade over general bookkeeping and accounting departments. A Fractional or Interim CFO can help companies pay better attention to or even attract equity investors. They can also provide increased credibility with a company’s Board, customers, prospects, partners, and suppliers.
We take the following approach to every Fractional or Interim CFO engagement and provide lasting benefits to our clients Finance Departments.
Assess – When we start an engagement for a CFO we speak with all stakeholders, understand where your business and Finance departments is today, and document “as is” processes and workflows.
Recommend – Based on assessment of your Finance and Accounting departments we will recommend best practices specific to your business and advise the best courses of action.
Prioritize – We will rank and determine priority actions and the highest value opportunities to optimize your business and the Finance department we are offering Fractional CFO services for.
Execute – We will work with your organization to implement and execute any recommendations and best practices based on prioritization.
Consistency – It is our goal to produce stable and predictable results for all business and Finance departmental processes and deliverables.
Repeatability – We will ensure that processes, deliverables, and workflows are repeatable, well understood and documented.
We will help provide long term optimization and growth for your Finance and Accounting activities.
Working with Valenta a business can expect to receive the following with Valenta Interim or Fractional CFO services.
There are many benefits of bringing on board Fractional CFOs to assist a business. Some of those benefits include the following.
Fractional CFOs can be a superb option for a variety of business scenarios. Situations we have frequently seen and where we have provided services include:
Defining a Scope of Work and the needs of your Finance department is always the best first step. We are here to discuss our CFO services. After exploration if a match is established, we will identify and define the exact role. During discovery, in addition to scope, we can define a time frame and the dedicated hours and days required per month. All aspects of our CFO engagements can be flexible, customizable, and scalable.
We look forward to assisting your business, Finance, and Accounting teams.
Fractional or Interim CFOs are an excellent option for SMBs, startups, and businesses in transition and growth mode.
Please reach out to us here to continue discussions.