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When should I hire a fractional CFO? | Forum

Topic location: Forum home » Support » General Questions
Amber Michel
Amber Michel Nov 28 '22
If you're still in the beginning stages of your new venture, you may not have a full-time CFO. Hiring a fractional CFO for your startup can save time and money on recruitment, compensation, and benefits.


As the name suggests, a fractional CFO is someone who lends their financial expertise to a startup on a contractual basis. Fractional or part-time CFOs have extensive previous CFO-level experience, but generally help tide startups over on a temporary basis.

emilibarn
emilibarn Nov 29 '22

Yes you are right, There are many factors to consider when choosing a Fractional CFO, including their experience and qualifications. It is important to have a clear understanding of the role and responsibilities of a fractional CFO before bringing them on board.