Financial Strategy for
Growth & Transition
As a small business owner, do you find yourself spending too much time on daily accounting, cash flow management and other finance and accounting operations? Do you wish you had someone who could provide financial reporting, forecasting and strategy for sustained growth? You may not have a dedicated CFO, controller or accounting professional, but you may have the need for CFO and accounting services. One option is to investigate outsourced CFO services, and the best solution is to find a business partner who can handle it all.
You may be a private equity partner with a portfolio of small businesses looking to connect your maverick entrepreneurs with top tier financial professionals who can get great results. Or you may be an angel investors or venture capitalists wanting to ensure your companies have their business affairs in order.
CFOshare offers more than just fractional or part-time CFO services. We have an outsourced finance and accounting department: a team of experts that can provide your company with expert bookkeeping and accounting services, in addition to fractional CFO services, strategic business forecasting and business acquisition analysis.
Contact us today for a free consultation and learn how we can partner with your company to help you grow your business, at a fraction of the cost of a full-time financial professional.
Why Choose to Outsource Financial Services Rather Than Hire In-House?
An outsourced finance team is hand-picked best-in-class individuals, providing higher quality results and expertise than in-house employees. Outsourcing financial operations creates consistency, avoids the headache of churn, and ensures best practices are being employed.
What Type of Financial Services Are Outsourced?
Small businesses often outsource CFO strategy, forecasting, budgeting, variance analysis, month close and routine bookkeeping such as account reconciliation and cash flow management. The right combination of outsourced services will be unique to your business, so don’t settle for off-the-shelf solutions.
What an Outsourced Finance Professional Can Do
- Remove the stress from a founder’s life by handling their financial affairs and helping to ensure success, so that they can concentrate on expanding their business and focus on their expertise.
- Cleanup and streamline a company’s “cobbled-together” accounting systems for a simpler, more automated, robust solution. How effective are your integrations between accounting software, payroll provider, e-commerce platform, credit card processor and other platforms?
- Save money for companies that have recently downsized their financial department and need expert guidance to improve cash flow and become profitable again. A professional outsourced finance team can provide the services of a controller, director of finance and/or CFO for companies that must reduce staff.
Highly qualified outsourced CFO services, outsourced controller and other finance professionals can:
How Much Does Outsourced Financial Services Cost?
The cost of outsourced CFO services varies by company. In general, an established business (non-startup) should expect to spend 3-6% of revenue on accounting and financial strategy whether that be in-house or outsourced.
How Do You Choose an Outsourced Financial Team?
Look for a service provider that focuses on your business’ needs. Low-quality solutions will try to cram your business into their management structure, or else jump in and start working without a solid plan. Ask yourself these questions when evaluating a statement of work:
- Do they perform a study or assessment of your current process before “fixing” anything?
- Do they customize their services to fit your business?
- Do they assign team members with specific specialties and roles?
Experience the CFOShare Difference
Don’t settle for outsourced CFO services or an outsourced controller that is just a lone individual. At CFOShare, we have a team of finance specialists who work with your company, seamlessly integrating with your internal operation. Each of our professions are outstanding in their area of expertise, whether it’s bookkeeping, accounting services, financial reporting or capital strategy. Outsourcing with CFOShare is like hiring a complete finance and accounting department that is “on call” whenever you need them.
CFOShare can help you achieve your goals with financial solutions that will scale with your company’s growth.
CFOShare’s focus is on best practices, documented processes and high-end talent. We eliminate your risk of inconsistency and turnover, which is a key benefit of a professional agency as opposed to independent bookkeepers and CFOs. We operate in the cloud on a secure platform, so you always have access to your information.
We’ll sit down with you for an hour and discuss your business, review your financials, show you what to focus on, and make you aware of major lurking financial risks.