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Outsourced CFO Services: When Do They Make Sense?

 
  Arthur F. Rothberg, Managing Director, CFO Edge, LLC  
   
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  Article Summary  
Businesses that lack a high level of financial expertise and sophistication sometimes turn to an outsourced CFO services firm to help them improve financial management. Such providers support CEOs and CFOs by delivering high-level financial capabilities to businesses that need them in order to achieve the key goals of improving profitability and increasing shareholder value.

This article looks at when it makes sense to consider engaging a provider of outsourced CFO services. Included are reviews of the high-level financial expertise categories in which interim and part-time CFO deliver services, as well as eleven examples of discrete projects that project-based CFOs address in a time-limited engagement.

In all of the scenarios described, outsourced CFO services can provide the expertise business owners need to help them analyze their current situation and then develop and implement a plan for the company’s benefit. Using a provider of outsourced CFO services is an affordable and efficient way for Los Angeles businesses to gain high-level financial expertise, which can help drive profitability, growth and shareholder value.

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