C-Level Fractional Services
On Point Strategy’s fractional CFO executive service provides growing companies, small businesses, and those in transition with the opportunity to benefit from the leadership and expertise of an experienced C-level professional without the burden or time it takes to add a permanent, full-time senior executive role.
A fractional CFO is one who takes on an interim role at your company for a fraction of the time, cost, and commitment of a salaried employee. This seasoned expert works as a consultant in an executive role to meet your defined objectives and help your company through a temporary situation. These C-level executive professionals often have the experience that commands salaries and benefits packages that far exceed what a company can or would spend on an employee despite the company's need for this expertise.
Fractional CFO executives who join your leadership team on a part-time basis so you can get the benefit of their guidance and direction to drive results for you without the risk, cost, or ramp-up of a full-time hire.
Fractional CFOs are also helpful in optimizing or implementing more forward-facing financial visibility. While many financial professionals such as bookkeepers, accountants, and controllers are tasked with keeping past and current finances organized and well-documented, a CFO focuses on the future.
A fractional CFO is often brought into the company to help overcome specific financial challenges such as:
Cash flow issues
Low gross margins
High expenses
Outgrown existing systems
Need to make cost cuts
Navigating an audit
In some cases, however, the company may have an existing CFO, and the fractional CFO acts as a partner or advisor or helps lead separate projects such as raising capital.
Our Fractional CFO Service provides strategic guidance and senior leadership for your businesses’ finances. We’ll help you get the big picture, make sound financial decisions, and provide data-driven solutions and strategic analysis of trends to give your business a competitive edge.
We focus on the profitability, growth, and liquidity of your business. We’ll take steps to ensure you understand your options and opportunities and will help to get you from where you are to where you want to go.
Our approach:
Perform an initial assessment to understand the vision of the business and its needs. Provide an action plan to improve the business.
Prepare a financial forecast that will act as a blueprint to achieve the growth in the most efficient, accelerated, and sustainable way possible.
Prepare budgets based on forecasts
Develop well documented system including accounting policies and procedures.
Review monthly reporting packages with financial and key performance indicators (KPIs) results and monitor implementation of the action plan.
As part of the action plan or as an additional assistance with may help companies:
Develop existing employees and hire new ones that bring essential knowledge and skills
Analyze potential future products, services, markets, and customer segments
Implement systems that will support sustainable growth
Explore causes of revenue leakage, cost overruns, and operational friction in a growing business and develop potential solutions