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Outsourced CFO Services: What Do They Include?

 
  Arthur F. Rothberg, Managing Director, CFO Edge, LLC  
   
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  Article Summary  
This is the first in a series of nine articles on outsourced CFO services. Over the next several weeks, we’ll be addressing topics like when it makes sense to consider CFO services, the business case for doing so, what to look for in a CFO services firm, and the vast array of benefits that come from an engagement.

Often a lack of financial expertise or internal resource availability can keep businesses from reaching their growth, profitability and shareholder value objectives. These businesses sometimes turn to providers of outsourced CFO services to help them achieve these critical goals.

This CFO Edge article looks at five common scenarios where an outsourced CFO services provider can be helpful: a transition period between full-time CFOs, periods of rapid business expansion, periods of business contraction, special projects, and support for both strategic planning and operational challenges.

Also discussed are the three ways by which services can be delivered: interim CFO services, part-time CFO services, and project- or transaction-based services.

When we talk with CEOs and CFOs at Los Angeles businesses, we continually hear about passionate commitments to grow their businesses and improve profitability in this challenging economy. We also hear about mandates to do more with fewer resources, and using a provider of outsourced CFO services is an affordable and efficient way to gain high-level financial expertise, as well as drive desired growth, profitability and shareholder value.

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