Fractional CFO Services

Growing businesses and nonprofits often require high-level expertise to navigate various financial challenges. However, these organizations may not have the in-house talent or resources to manage these tasks. 

Mangen & Associates can help by providing fractional chief financial officer (CFO) consulting services to deliver financial leadership, strategic insight and hands-on support to ease the financial growing pains and allow you to scale with confidence. 

What Is Fractional CFO Consulting?

A fractional CFO is a seasoned financial executive that Mangen & Associates supplies to your organization to collaborate with you on a part-time or temporary basis to advise on or lead special projects or assist with other needs. You will have access to flexible, outsourced financial leadership without the cost and commitment of hiring a full-time CFO. 

Depending on your requirements, a fractional CFO can perform many essential functions, such as:

• Planning: Hire a fractional CFO to assist with strategic financial planning activities, such as developing long-term growth strategies, goal setting and roadmapping.
• Reporting: The CFO can provide crucial reporting data to guide decision-making and increase profitability.
• Managing cash flow: Receive invaluable leadership guidance for optimizing cash flow and enhancing your organization’s financial stability.
• Budgeting: Experience improved budgeting and forecasting capabilities that can adapt to your business’s evolving needs.
• Managing risk: CFOs have the expertise to identify and address potential risks as well as develop and implement best practices that ensure regulatory compliance. 
• Fundraising: A fractional CFO for nonprofits can assist with fundraising and capital strategic initiatives by helping to prepare for investor meetings and obtain loans and other forms of financing. 

Why Consider Hiring Outsourced Fractional CFOs?

A fractional CFO for small business or nonprofit leadership can provide numerous benefits, including:

• Access to expertise: These professionals bring decades of financial experience and expertise, providing a fresh perspective and high-level strategic insights that are unavailable in-house. 
• Time savings: Because you won’t be burdened with financial planning and management activities, you’ll have more time to allocate to core business operational tasks.
• Cost-effective: Outsourcing CFO services is typically much less expensive than hiring a full-time, on-staff professional with a salary and fringe benefits.
• Scalability: You can easily adapt and adjust the level of support you receive based on your evolving business and management needs.

Learn More About Our Fractional CFO Services

Mangen & Associates has provided reliable, cost-effective financial management solutions to small businesses and nonprofits since 2002. Contact our team to request a personalized fractional CFO consulting quote today.