Full-Time vs. Fractional CFO: Which Is Best For Your Business?

Chief Financial Officers or CFOs are vital for your business, significantly if it’s growing. A CFO can help gauge where your company is and how far you are to your goals. They also report directly to the board of directors and CEO, not to close books only. Moreover, they can act as risk mitigators, strategists, and reality checkers for your company.

CFO

As a company owner, you can choose to hire either a full-time or a fractional CFO. A full-time CFO works in the company as regular employees do, wherein they need to work a minimum of 40 hours per week. On the other hand, a fractional or part-time CFO only works for a few hours each week or when needed.…

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Understanding the Role of a CFO and Its Importance in a Company

The Chief Financial Officer (CFO) plays an essential role in a company. It’s the CFOs responsibility to ensure that the company’s finances are utilised properly and report this information to all of the major stakeholders. The business advisory services that a CFO offers to their company are invaluable in terms of keeping everything financially stable as well as growing the business.

Successful CFO

To understand the position of CFO better, let’s break it down into two parts: the duties and the role that a CFO needs to fulfill. Keep in mind that there are different options for hiring a CFO. You can hire one in house or hire a fractional CFO from CFOshare to provide all the help you need at an hourly rate and a fraction of the cost.…

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