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