Accounting & Finance

Here’s What a Fractional CFO Can Do

  • 2 min Read
  • October 27, 2020

Author

Escalon

Table of Contents

Most fractional CFOs have experience with many different companies and industries that have unique challenges. This allows them to assist entrepreneurs in both understanding and improving the financial well-being of your company.

Fractional CFOs can handle various financial operations and financial management responsibilities of multiple companies on a part-time basis. Here are a few tasks that a fractional CFO can perform for early-stage startups to large enterprises.

  1. Define key performance indicators to track your business goals.
  2. Identify the products and services that can help you earn the most money.
  3. Illustrate the most successful marketing and distribution channels.
  4. Develop marketing strategies that have the best ROI.
  5. Keep you up-to-date with industry trends and changes in government laws and regulations.
  6. Guide you to make pricing decisions that can improve sales and profits.
  7. Predict the potential risks and plan actions to mitigate them in advance.
  8. Inform and help you implement new technologies that can improve employee performance.
  9. Build initial systems and processes for businesses.
  10. Identify opportunities to invest, raise funds and reduce costs to help your business grow.
  11. Prepare accurate financial statements and reports to help you make informed decisions.
  12. Plan an efficient business budget.
  13. Analyze income and expenses to create strategies for a more profitable business.
  14. Develop strategies to improve your cash flow.
  15. Determine where you can cut costs or minimize expenses.
  16. Anticipate risk factors and build a risk management plan.
  17. Create financial projections and forecasts.
  18. Bring best practices to the various functional areas of business.
  19. Build and maintain new relationships with investors, lenders, vendors and customers.
  20. Prepare action plans during times of financial crisis to help you respond faster.
  21. Prepare financial reports of your business so you can pitch to investors.
  22. Find the best financing match for your business to fulfill your needs.
  23. Avoid tax and banking errors by keeping your books accurate.
  24. Solve financial problems that require expertise in financial modeling, accounting and business strategy.
  25. Strategize the short- and long-term goals of an organization.
  26. Keep your accounting records in order and up to date.
  27. Strengthen the skill set of the internal accounting and finance teams.
  28. Assist you in planning the next steps for your company.
  29. Streamline and automate administrative and financial operations to improve efficiency.
  30. Plan your business future based on accurate financial statements and make adjustments as things change.
  31. Forecast your business’ cash flow and strategize the best ways to use the funds.

Talk to our team today to learn how Escalon can help take your company to the next level.

  • Expertise you can trust

    Our team is made up of seasoned professionals who bring years of industry experience to the table. You gain a trusted advisor who understands your business inside out.

  • Quality and consistency

    Say goodbye to the hassles of hiring, training and managing in-house finance teams. You will never have to worry about unexpected leave of absence or retraining new employees.

  • Scalability and Flexibility

    Whether you’re a small business or a global powerhouse, our solutions scale with your needs. We eliminate inefficiencies, reduce costs and help you focus on growing your business.

Contact Us Today!

Tap into the latest insights from experts in your industry

Accounting & Finance

How to Set Up Payroll, A Guide for Small Business Owners 

Setting up a payroll system is an essential step that helps small business owners pay their employees accurately and on...

Read More
Accounting & Finance

Financial Planning for the Future, Setting Long-Term Business Goals

While small businesses must handle day-to-day tasks—like managing payroll or closing monthly books—long-term planning is the compass that keeps them...

Read More
People Management & HR

Benefits Administration, What Small Business Need to Know

Benefits administration can be a game-changer for small businesses aiming to attract and retain top talent. While salaries remain an...

Read More
Accounting & Finance

AAP vs. Cash Accounting: Which Method Is Best for Your Growing Business? 

Choosing the right accounting method can significantly impact how you track financial performance, manage taxes, and plan growth. Two common...

Read More
Accounting & Finance

Beyond Bootstrapping: Advanced Cash Flow Management for Scaling Companies 

Bootstrapping—financing growth through internal cash flow—is a hallmark of many successful startups. But as businesses mature past their initial stage,...

Read More
Technology & Security

Building a Scalable Tech Stack: How to Choose the Right Tools for Growth 

In today’s business landscape, technology is more than a convenience—it’s a strategic asset that can supercharge growth. But as you...

Read More
Accounting & Finance

How to Reduce Month-End Close Time Without Sacrificing Accuracy 

The month-end close can feel like a perpetual scramble—collecting invoices, reconciling accounts, fixing last-minute errors. A drawn-out close not only...

Read More
uncategorized

How to Reduce Overhead Costs Without Impacting Productivity 

Overhead costs—from utilities and rent to administrative staffing—can quietly swell until they erode profit margins and slow your ability to...

Read More
Accounting & Finance

How to Structure Your Finance Team as Your Business Scales

Growth triggers a tidal wave of financial complexity, multi-entity operations, new product lines, overseas expansion, or investor relations. If your...

Read More