What is the role of a Fractional CFO?
A Fractional CFO is also known as an outsourced or part- time CFO. The financial professional provides high-level financial management and strategic guidance to a company on a part-time or project basis. Hiring a fractional CFO may benefit a company, especially for smaller businesses or startups that may not have the resources to hire a full-time, permanent CFO. (accountingtoday.com)
What are some of the benefits of working with a fractional CFO?
Cost Effectiveness • Financial Expertise Financial & Strategic Guidance Scalability • Reduced Overhead Objective Advice • Specialized Knowledge
LonaRock’s Fractional CFO services focus on the future via strategic business planning, financial forecasts, and budgeting. Fractional CFO services are usually provided part- time or via a contract arrangement. Many of our clients are already successful, but they want to accelerate growth via new products, services, and markets or through acquisition. They may also have a desire to increase the value of the company or increase profitability.
Throughout the business lifecycle, a company commonly faces financial challenges. We can help you overcome the following:
A Lack of Capital • Cash Flow Problems Low Credit Scores • Low Margins Stagnant and declining productivity
Our team also helps new companies by selecting and implementing accounting software. We also help create an initial business plan and/or a pitch deck to present to investors and banks.
Monthly coaching sessions hold our clients accountable, and we work to focus on the future, seek to understand the past and correct the ship, learn, and grow. We look forward to helping you reach your financial goals.
Rachel Shepard, Founder and CEO of LonaRock LLC& LonaRock Capital Group LLC