What is a Part-time CFO or Interim CFO?

A Part-time or Interim CFO offers the expertise, financial acumen and professional commitment of a senior-level chief financial officer, giving you the committed day-to-day financial management at the scale you need. An Interim CFO can also provide crucial financial leadership during times of staff transition. Often, the departure of an existing CFO can strain a business. An Interim CFO can ensure your company a seamless management transition.

What are the benefits of a Part-time or Interim CFO?

Scale is the overriding key benefit of a part-time or temporary CFO. A Part-time CFO, can provide top-flight financial leadership with less overhead cost than a full-time position.    

When might I need a Part-time or Interim CFO?

You might need a Part-time or Interim CFO to:

• provide a specific set of skills or experience on a temporary basis
• help deal with a crisis
• supplement or strengthen a team
• define, lead or accelerate a project
• replace a key manager who has abruptly departed
• build up a new business, division or team
• satisfy the requirements of investors
• fill critical gaps in your management team

You might also need a Part-time of Interim CFO if you are a private equity or venture capital firm looking to groom your company for an equity offering.

Do I need a CFO if I have a CPA?

Your CPA has an ethical obligation to remain independent from key aspects of your business and the running of your business. A CPA is intensively trained in accounting, not typically in the CFO skills like strategic management, business planning, staff development, cost reduction, and other critical functions.  I will not displace your CPA, but work as his/her partner, providing them the information they require in the format they expect and helping to provide you with the best information and advice.

Do you bring in your own staff to perform work?

No. Your staff, including temporary staff or new hires, will perform the work.

How will I introduce you to my bank or other outsiders?

As your CFO or senior-level advisor. Your bank will want to know about my qualifications to advise you and whether they can rely on the financial information that comes from your company.

Contact JSRoberts Consulting today to learn more about how an Interim or Part-time CFO can be good for your business.