Temporary CFO Services
An interim CFO (temporary CFO) can help resolve challenges, accelerate growth, or achieve business goals such as raising funding or completing a major business transaction.
Temporary CFO Services vary based on your company’s needs. Some popular services include:
– Cash flow analysis
– Systems design or optimization
– Bridging gaps between CFO hires
– Raising capital
– Preparing for a merger or acquisition
Are temporary CFO services right for your organization? Fill out the form here or give us a call to speak with an expert, interim CFO today.
Temporary CFO Services and You
An interim, temporary CFO can bridge the gap between CFO hires or join your company for a short period of time to help optimize strategy, resolve challenges, implement long-term financial systems, accelerate growth, or prepare for a transaction.
Each company’s situation is different. Preferred CFO will customize your temporary CFO services to fit your company’s particular needs. While our project experience is diverse, our common interim CFO services include:
Fine-Tune Your Strategy
How well are your existing operations helping you to achieve your goals? An temporary CFO can analyze your current cash flow, systems, and processes to find areas that can be improved and optimized.
Optimize Cash Flow
Prepare for Growth
Whether you’re expanding geographies or product offerings, are engaged in a transaction, or simply want to grow more sustainably, your temporary CFO can help things go smoothly.
Raise Capital
Prepare for a Transaction
Are you preparing for a merger, acquisition, or exit? Our temporary CFOs will make sure things go smoothly while ensuring you get the best deal possible for your situation.
Forecasting & Budgeting
Our interim CFOs will help create short or long-term forecasts and budgets to help create a precise blueprint to help you get from where you are to where you want to go.
Why Hire a Temporary or fractional CFO?
In-house CFO salaries are expensive, and that’s not including benefits or bonuses. Not to mention you may not have enough work around your company to keep an in-house CFO busy full-time.
With an outsourced, fractional CFO or temporary CFO, you get top talent for only the projects for which you need help, and at a fraction of the cost of a full-time CFO of similar caliber.
About Preferred CFO
Preferred CFO is an expert outsourced CFO service company with clients and locations across the United States. Founded by Jerry Vance, the most experienced outsourced CFO in the country, Preferred CFO brings expertise, strategy, and growth to businesses of all sizes. Preferred CFO emphasizes strategy and believes that with the right “blueprint,” companies can achieve their goals in a sustainable and predictable way to maximize shareholder value and company success.
Answers to Your Questions
What is an Outsourced CFO?
An Outsourced CFO is a financial expert who provides strategic, budgeting, or problem-solving services on a part-time or project basis. An Outsourced CFO provides high-level financial strategy, systems analysis and design, and operational optimizations. They can also help a company resolve challenges such as cash flow issues, raising capital, solving tight margins, implementing more efficient systems, or preparing for growth.
What are the costs for an interim CFO?
It depends on what types of services you need, how many hours per month are needed, and the term (length in months) of the arrangements. Let us put together a proposal for your specific needs by filling out our contact form.
What if we already have a CFO?
No problem! Our fractional CFOs are great at working with in-house teams to train, implement systems, and elevate strategies that may already exist.
What industries do you specialize in?
We pride ourselves in the diversity of our CFOs’ industry backgrounds. With some of the most experienced outsourced CFOs in the industry, we specialize in everything from manufacturing, SaaS, communications, construction, medical devices, travel, security, retail, and solar, to education, home health services, mortgage, food and beverage, gas and oil, venture capital, and more. Not sure if we fit your niche? Let us know what you’re looking for and we can see if we have an outsourced CFO to fit your needs.
What if we don’t have any bookkeepers or controllers on staff?
Preferred CFO has full financial teams at the ready to help implement your financial strategies. Whether you’re only in need of a temporary CFO, or also need supporting help from an outsourced controller or bookkeeper, we have experts on staff to help.
Recent Projects
Read details from some of our recent outsourced CFO partnerships.
Energy Management Corporation
DPS Skis
Diversified Management Services
Let’s Talk
Fill out our contact form and a CFO will be in touch to answer your questions or give you more information about our interim CFO services.
Recent Articles & Insights
Read recent financial and strategy articles written by our expert CFOs.
From Burn Rate to Boom: How to Stretch Every Dollar in a Startup
Running a startup comes with the high-stakes challenge of managing your burn rate—the pace at which your company spends cash. Each dollar isn’t just an expense; it’s an investment in your company’s future. With venture capital not always guaranteed and economic...
The Art of Letting Go: A Guide to Selling a Business
Selling a business can be one of the most transformative and emotionally charged decisions an entrepreneur will ever make. Whether you’ve been building it for years or inherited it from family, your business likely holds significant personal value. Deciding to let go...
The Outsourced Controller: A Secret Weapon for Financial Stability
As unsung heroes of financial management, outsourced controllers can bring significant benefits that go well beyond basic bookkeeping.
