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Fractional CFO

What is a Fractional CFO?

A fractional CFO, also called a virtual or outsourced CFO , is an external professional who you can hire on an hourly or subscription basis. Outsourcing the work can help growing companies save time and money if they’re not ready to bring on a full-time CFO.

The chief financial officer (CFO) is the strategic and managerial head of finance, and they can be particularly important partners for founders who don’t have a finance background. The CFO can set and review financial key performance indicators (KPIs), implement best practices, create budgets and forecasts , and help the board and potential investors understand the company’s financial position.

Startups often don’t have the resources or the need to hire a full-time CFO. An outsourced CFO service can help you understand your company’s finances, create custom forecasts, or prepare a fundraising strategy with a limited or one-time engagement. 


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