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Getting the Most from an Outsourced CFO Services Provider

 
  Arthur F. Rothberg, Managing Director, CFO Edge, LLC  
   
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  Article Summary  
When engaging an executive service provider - such as a contracted chief financial officer - it is critical to ensure that the relationship has a firm foundation based on mutual trust, shared understanding of the business challenges the firm faces, and targeted, clearly defined objectives.

This article looks at the expertise an outsourced CFO can bring to a firm, and, perhaps more importantly, the elements at the heart of a successful working relationship between a company’s executives and its contracted CFO.

Addressed are areas like the development of measurable objectives and the execution path to achieve them. Discussed, too, are relationship characteristics like candor, methods for feedback, issue resolution, and an atmosphere that fosters dialogue and debate.

The article also reviews the types of outsourced CFO service providers like the large national firms, sole practitioners, and a hybrid that combines characteristics of both.

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