2024’s Top 5 Outsourced CFO Companies
Recent years have seen the demand for outsourced CFO services rise sharply for several reasons.
Bringing in an external CFO allows startups and SMEs (small to medium-sized enterprises) to quickly scale their operations when they may lack the skills internally.
Shifts in technology and remote work culture facilitate companies hiring internationally, looking for particular expertise or a new perspective. Whatever the reason you’re looking to hire an external CFO, here are the top five outsourced CFO companies of 2024.
2024’s #1 Outsourced CFO Services Company
CFO Hub
CFO Hub works closely with our clients to tailor a bespoke solution and deliver the right CFO for each business. Our services are available part-time, so while you are receiving a best-in-class experience, it is still affordable, even for smaller operations. You can hire your CFO virtually to do business online, improving efficiency.
We offer a wide range of specialized services, so you are sure to find the right CFO for your specific needs. Services include strategic advice, budgeting and forecasting, financial modeling, risk management, compliance reporting, recruiting and training finance staff, and training and retaining top performers.
If you are ready to see how an outsourced CFO from CFO Hub can help to elevate your growing business, get in touch today for a Free Consultation!
Honorable Mentions
B2B CFO
B2B CFO began in Arizona in 1987. They are a cooperative of 134 consultants operating in 43 states. Rather than specializing in a particular field, they offer a wide range of services, including finance, business, and operational guidance, in addition to outsourced CFO services.
Their services can be used full-time, part-time, or on a project duration basis. B2B CFO deals with various company types, from startups to private equity-backed firms.
CFO Selections
CFO Selections has been operating out of Seattle, Washington, since its formation in 2002. They provide fractional, interim, and project-based CFOs to businesses and nonprofit organizations. They offer selective services in fundraising, finance-related software management, and board meeting participation.
They also offer virtual CFO services, so you can hire an expert remotely without limiting your search to a particular location.
Now CFO
Now CFO offers a part-time expert to join the company’s executive team. The part-time CFO’s role will be to examine the company’s health through a financial lens. The CFO will have a strong background in finance and will be able to offer operational, strategic, and fiscal advice. This guidance costs much less than hiring a full-time, in-house CFO.
Now CFO has been operating out of Los Angeles, California, since its inception in 2002.
Paro
Paro was founded in 2015 and operates out of Chicago, Illinois. They offer fractional CFOs for various services such as strategy optimization, system implementation, raising capital, or handling audits. They offer CFOs full-time, part-time, or project-focused roles. They also provide virtual CFOs, where you will receive advice online.