Outsourced CFO services are a growing trend in the business world. It is estimated that more than half of all businesses are already letting outsourced providers handle their finances.
The most common reason for outsourcing a CFO is to increase the company’s performance. There are many benefits to hiring a CFO from an outside firm, such as cost savings and increased access to new talent.
An outsourced chief financial officer (CFO) is a finance executive that works outside of your company to provide your company with superior advice regarding its finances, accounting, business, and operational matters. It is possible to hire a CFO through an outsourcing service on a full-time, part-time, or interim basis for the length of the project.
Companies of various sizes, from startups to those backed by private equity, face unique issues, and in certain cases, outsourcing CFO services is the most effective solution. If you are one of the following, it makes sense to avail of outsourced CFO services:
If a business is booming, that doesn’t mean there aren’t challenges to be met. In a search for a CFO, probing questions that test a candidate’s ability to think critically about and find solutions to problems are a useful method to gauge their maturity and suitability for the role.
If the CFO isn’t a good cultural match for the company, they won’t go far in their leadership role. CFO candidates who are a good fit for your company’s culture are preferable because of the correlation between a person’s core values and their level of productivity.
Quadrant Advisory partners with the best and brightest entrepreneurs and business leaders to help them achieve their goals through financial strategy. Quadrant Advisory is a leading provider of outsourced CFO services for Venture Capital firms, startups, and small to mid-sized companies. We get the math right.
Expert Financial Strategy
We work with our clients to develop and implement a custom strategy that fits their needs. We are experts in financial forecasting, budgeting and planning, cash flow analysis and restructuring.
Short and long-term forecasting
We forecast a company’s financial position for 3-5 years out so that you can make decisions about your investments more confidently and take advantage of opportunities as they arise.
Budgeting and planning
Our team will work with you to develop a budget and plan that aligns with your business objectives. We’ll then create reports that show the progress towards achieving those objectives, making it easier to see what areas need attention.
Analysis of Cash Flow and Restructuring
Understanding your current cash flow position is critical for making informed decisions about future investments. We perform a cash flow analysis as part of our services package with each client to identify opportunities for savings or revenue growth.
Our goal is to provide the highest quality services at the most affordable price in order to make your business successful. We can tailor our solutions to fit your needs with pricing that’s right for you. Contact Quadrant Advisory today for a free consultation!