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By Kyle Carney
Fractional CFOs help small and mid-sized companies increase profits and raise capital, getting them into new markets for growth and profitability.
If you can’t afford a full-time CFO, a fractional CFO delivers the same expertise at a fraction of the salary.
A fractional CFO has an active management and leadership role in a company. They provide important information that comes from analyzing trends and helping to develop accurate plans for your business. Additionally, they can identify risks to your business and safeguard you against those risks.
Ways A Fractional CFO Helps Accelerate Your Growth
Top-level of Expertise
As a seasoned financial expert, the skills and experience of a fractional CFO are tried and true. Engaging with a fractional CFO at the appropriate time brings substantial value to a company. Fractional CFOs are critical in financial problem-solving, complex financial analysis, capital raises, working with new investors, creating incentive plans, and more.
Accounting
Even though most businesses already have an accounting department, a skilled fractional CFO will be able to effortlessly fit in with your existing accounting team. Partnering with the controller, a fractional CFO will assist with assembling reports and implementing new procedures.
Being integrated into an organization’s accounting team helps the fractional CFO better understand how the department and company operate. The fractional CFO can use the acquired knowledge to develop new strategies, unique to that organization’s goals and objectives.
Financial Analyst
A fractional CFO will analyze and oversee your company’s financials, including ROI, liquidity, and other critical metrics on a monthly, quarterly, and yearly basis. As your company experiences growth, a fractional CFO will help your company modify its workflow and processes, managing your increased cash flow and new financial needs.
The Right Fractional CFO in Denver for Your Business
Canopy Advisory Group has the most experienced fractional CFOs in Denver. Schedule a consultation with us today.
