Just because your company is new or small and doesn’t have the resources to hire a full-time CFO, doesn’t mean you shouldn’t have one. At TFO Solutions, we offer the expertise of a fractional CFO that provides a wealth of knowledge and experience at a “fraction” of the cost. There are many roles that can be offered on a part-time basis, one of those being that of CFO, or Chief Financial Officer. Located right in Dallas, Texas, we take pride in serving our fellow businesses in and around the Dallas/Fort Worth area.
What Are Fractional Services?
If you’ve never heard of fractional services, you’re probably not alone. While still growing in popularity, they are quite beneficial, especially for startups and small businesses. These part-time services offer the advice and skills of a professional on a for-hire or project basis.
These professionals typically have years of experience which may be concentrated in one or several different areas. Many are working with a variety of different companies which allows for greater experience and a more diverse perspective. This service is excellent for those companies that are just starting out as they provide a high-end expert without having to pay the high-end salary, bonuses, or benefits.
What Does a Fractional CFO Do?
An individual providing fractional CFO services does so on a part-time basis under a retainer or contract agreement and is focused on a company’s specific goals or challenges.
In particular, a fractional CFO may help with:
- Overcoming financial challenges. This could pertain to cash-flow issues, high expenses, outdated systems, cost-cutting, audits, and low gross margins.
- Growing a company. Investing and developing current employees, hiring new ones, introducing systems to promote growth, investigating revenue leaks, and cost overruns.
- Evaluating strategy. Assisting in setting and achieving goals and creating or maintaining the books and financial forecasting. Overseeing due diligence and helping to build strategic relationships.
How TFO Solutions Can Help You
At TFO Solutions, it is our goal and desire to help your new or growing business achieve success in every way possible. One of those ways is by offering our fractional chief financial officer services through our team of highly skilled and experienced professionals.
We take the time to listen to you, understand your goals and objectives, and work to get you there in a way that is efficient and most beneficial for your company. Let us take on the burden of keeping your finances straight so you can have the freedom to run the rest of your company.
Get in Touch With us Today!
If you have been searching for a fractional CFO near Dallas, then consider your search over! Call today to learn how our services can not only benefit but grow your company. We look forward to working with you!