Outsourced CFO

 What is an outsourced CFO model? 

An outsourced CFO model involves a business enlisting a CFO on an ongoing part-time, temporary or project-based basis. This gives small business owners the strategic financial expertise they need, while saving them money in terms of the salary, benefits and additional overhead that is typically associated with hiring a full-time financial officer. It also gives them the flexibility to retain a CFO for as long or as little as they like. 

 The benefits of using an outsourced CFO model 

Our team can handle all of the functions of a typical CFO at a fraction of the cost! We will oversee financial and accounting functions, train staff on accounting best practices, develop cash flow improvement programs, minimizing tax liability, evaluating internal controls, and produce meaningful financial statements. In addition to freeing up company personnel to focus on growing the business, the benefits of using Capital Foundry to handle all of your financial monitoring needs are significant. 

Advantages

Cost savings on Accountant and CFO salaries

With an average CFO salary around $250,000 or more, paying a full-time CFO’s salary could be difficult or impossible for your business. With an outsourced CFO service, you don’t have to pay taxes or health and retirement benefits for your CFO. This adds up to significant savings without a sacrifice in the quality of work regarding your company’s financials. 

An Independent Viewpoint

 

Consultants are valuable in most areas of business because they bring an experienced yet fresh viewpoint to bear on a company’s difficulties and struggles to help solve problems that your in-house staff may be too close to in order to see solutions. 

Financial Advice

When you don’t know how to increase profitability or secure your company’s financial condition, you need advice from a financial expert. An outsource CFO can provide the guidance and advice you seek. 

Streamline Accounting Systems

 

Out-of-date processes and antiquated methods can greatly hinder the cost efficiency of any department or position. A CFO consultant can quickly help you streamline your processes to achieve cost savings through smarter labor practices and other means. 

Accurate Financial Statements

If you don’t necessarily know the difference between a well-done, accurate financial statement and a sloppy one, or if financial reporting is just not your area of expertise, your business can benefit greatly from someone who really understands how to prepare and review these critical documents. 

Financial Analysis & Consulting

Outsourced CFO services provide spot-on, high-level financial analysis of your cost and profits to help you plan strategies to deal with the financial problems or concerns you face. 

Preparation of Financial Information

You need financial documents to show any potential investors or venture capital firms you approach. With an outsource CFO service, you’ll get expertly prepared financial information to help you attract investors.

Restructuring 

CFO consultants who review your company’s balance sheet will help you find ways to bring your accounts payable up to date and to free up cash. How you use that cash is up to you and your shareholders. 

Fund Capital Improvements 

Restructuring or effective cost-cutting strategies will free up capital you can use to pay off any substantial debts your business may have or to use to advance your business through marketing or other avenues. 

Cash Flow Management 

If your business is struggling to meet its seasonal or monthly cash flow demands, a CFO can easily work with a local financial institution or simply incentivize your customers to pay on a different schedule, freeing up cash to meet the daily and seasonal operational demand of your business. 

Cash Flow Management 

If your business is struggling to meet its seasonal or monthly cash flow demands, a CFO can easily work with a local financial institution or simply incentivize your customers to pay on a different schedule, freeing up cash to meet the daily and seasonal operational demand of your business. 

Setup A
Retirement Plan 

If you’re like most people, setting up a complex retirement plan for your employees is a dauntingly impossible task. For a CFO, it’s business as usual—and a major responsibility removed from your plate.