What is a fractional CFO?

[jatin]

I’ve heard the term fractional CFO but I’m not sure what it means. How is a fractional CFO different from a full-time CFO, and what benefits can small businesses or startups gain from hiring one?

 

[Jarwish]

A fractional CFO is a part-time, outsourced financial expert who provides strategic financial leadership and guidance to businesses without the cost of a full-time executive.

 

[robertwilliam]

A fractional CFO (Chief Financial Officer) is a financial expert who provides CFO-level services on a part-time or project basis, rather than being a full-time employee. Essentially, they offer the strategic financial guidance of a CFO, but to multiple clients, often startups and small to medium-sized businesses, who may not need or can't afford a full-time CFO

 

[deepak]

A fractional CFO is a part-time, external financial expert who provides strategic financial leadership on a contractual basis, often to startups and small to medium-sized businesses that don't need a full-time Chief Financial Officer. This model allows companies to access high-level financial expertise at a lower cost than hiring a full-time executive, with the flexibility to scale services up or down as needed.

 

[stevesmith]

Instead of working full-time, a fractional CFO (Chief Financial Officer) is a financial specialist who offers CFO-level services on a project or part-time basis. In essence, they provide a CFO's strategic financial advice to a number of clients, usually startups and small to medium-sized enterprises, who might not require or be able to pay for a full-time CFO.