A fractional CFO is a part-time Chief Financial Officer (CFO) who provides financial management and strategic planning services to businesses on a flexible, as-needed basis. Fractional CFOs typically work with small and mid-sized businesses that may not have the resources or need for a full-time CFO.
The role of a fractional CFO is to provide financial guidance, manage financial operations, and help business owners make informed decisions that will impact the financial health and growth of their company. They may perform tasks such as creating financial models, managing budgets and forecasts, analyzing financial statements, identifying and managing risks, and advising on fundraising and investment strategies.
Fractional CFOs may work with businesses of various sizes, but they are most commonly utilized by small and mid-sized businesses with annual revenues ranging from $1 million to $500 million. These businesses may not have the resources or need for a full-time CFO, but still require financial expertise to help them make sound business decisions and navigate financial challenges.