A fractional, or outsourced CFO is a CFO who has experience and helps organizations with their financial needs on a part-time basis, either on retainer or more typically a contracted basis. The answer for what a Fractional CFO does for a company depends on the circumstances of that company. For instance, it could be to raise capital, implement a new accounting system, navigate a specific project like an audit, or perhaps some other significant financial transaction. Unlike a full-time CFO who oversees and maintains all general financial strategy or an interim CFO who performs CFO duties before or between CFO hires, a fractional CFO’s duties are typically on a project basis and specifically tuned to the company’s particular challenges or goals.
Overcoming Specific Challenges:
A Fractional Chief Financial Officer is often brough into a company to assist in overcoming specific financial oppositions such as:
Tax Plan Wealth’s knowledgeable Fractional CFO expert services include solutions to help you overcome challenges, accelerate growth, prepare for transactions, increase shareholder value, and achieve goals. We thrive on helping businesses optimize financial security, resolve cash flow challenges, prepare for and manage growth, raise capital, prepare for a transaction, forecast and budgeting, and so much more.
Tax Plan Wealth has helped clients nationwide grow companies, achieve successful exits, raise hundreds of millions of dollars franchising, optimize operations and cash flow, increase shareholder value, and accelerate growth. We provide high-level financial strategy, systems analysis and design, and operational optimizations.
Already have an in-house CFO? No problem. We are team players! We are great at working with your in-house team to train, implement systems, and elevate strategies. Tax Plan Wealth has full financial teams ready to help implement and improve your financial strategies. Our team consists of experienced CFOs, expert systems advisors, controllers, and bookkeepers. This means we can augment existing teams by elevating their financial strategies or can offer fully outsourced financial solutions to organizations without an in-house team. Whether you are only in need of a fractional CFO or also needing support help from an outsourced controller or bookkeeper, we have the experts on staff ready to help.