5 Top Fractional CFO Service Providers
How can you get the financial expertise your business needs without paying for a full-time CFO? The answer could be to partner with a fractional CFO service.
These companies offer high-level financial guidance on a project-by-project basis. They make it financially feasible to work with a CFO without having to pay a CFO’s salary. Here are five of the top fractional CFO services to get you started.
1. CFO Hub
CFO Hub offers a wide variety of fractional CFO services. From support with strategy and financial modeling to staff training and risk management, we make it easy to get the expertise you need.
You can also count on us for assistance with accounting, controller services, audit readiness, and other important high-level business functions. Just reach out to set up a free consultation when you’re ready to get started.
2. GrowthLab
GrowthLab focuses on delivering personalized CFO solutions to each business it serves. The company will give you a team of professionals to help you discover your best path forward and execute strategies to get you there.
Just be prepared to pay for this level of white glove support.
3. Punch Financial
Punch Financial offers CFO and accounting services for startups and growing companies. The company can help with cash flow management, CFO consulting, accounts payable and receivable, and automation.
However, Punch’s services will set you back at least $1,500 per month.
4. Bright Balance
Bright Balance can help you set up a flexible team to oversee and execute your accounting department. The company also offers fractional CFO services to assist with sales, operations, cash flow forecasting, and budgeting, among other services.
They’ll let you scale your services up or down as your business needs change, which can help to minimize costs.
5. Mighty Financial
Mighty Financial has decades of experience supporting small businesses with CFO, bookkeeping, and accounting services. The company’s team can help you develop and refine your financial models, forecast future earnings, and prepare you for important financial meetings.
Choosing a Fractional CFO Provider
Ultimately, the best fractional CFO for your business will depend on your unique needs. You’ll want to choose a provider that cares about those needs and offers the diverse services required to achieve your financial goals.
You can start by doing more research into the options on this list. Consider the services that each offers and how they price them. You should also ask about support availability to make sure you’ll be able to get assistance when you need it.
Once you’ve made your decision, don’t forget to measure the performance of your new fractional CFO. If you don’t track their results across key metrics, you won’t have an objective sense of how much value the provider is bringing to your business.
The CFO Hub Difference
If you’re ready for a fractional CFO now, let us help you find the right fit. Our team of consultants has years of experience across all major industries. We’ll help you find the right experts to help your company take the next step in its growth. Get in touch to learn more.