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Six Ways to Ensure a Good Fit With an Outsourced CFO

 
  Arthur F. Rothberg, Managing Director, CFO Edge, LLC  
   
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  Article Summary  
When considering engaging a provider of outsourced CFO services, it is reasonable to expect ROI to include positive outcomes in areas like productivity, profitability, costs and controls.

Realizing significant performance improvements in these areas is inextricably tied to a good fit between the members of your financial team and the contracted chief financial officer.

Executives bringing in a project-based CFO need to understand and address in advance the specific challenges that can arise when a high-level financial resource is brought in to work with the current financial team.

This article identifies challenges in six areas - current team capabilities, the level of CFO integration, collaboration, interpersonal fit, knowledge transfer, and what successful outcomes will look like.

When business leaders know about and address in advance challenges in these six areas, they are able to fully leverage the exceptional expertise and value of an outsourced CFO, as well as generate the highest possible return on their investments.

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