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When Might Your Company Need CFO-Level Support?

 
  Mark S. Becker, Partner, CFO Edge, LLC  
   
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  Article Summary  
For Los Angeles and Southern California executives, the improving economy is driving fresh looks at growth strategies along with deliberations on when their companies might need CFO-level support.

Developing plans and launching initiatives aimed at growth can require higher-level financial expertise than may be present in the current financial staff.

Business leaders must decide if it's the right time to bring in CFO-level support, as well as determine if they should hire their first full-time CFO or look at alternatives like bringing in a provider of outsourced CFO services on an as-needed basis.

Reviewed are challenges and potential negative impacts when growth outpaces financial staff skills, along with the many benefits of CFO-level support.

The decision on when to bring in CFO-level support - and whether to hire a full-time CFO or bring in an on-demand CFO services professional - will depend on a number of factors and vary from company to company.

You may be interested in our complimentary white paper that looks at business drivers to resolve and a comparison of resource options when deciding whether CFO-level support is needed:

CFO or Controller: What's Right for Your Business?

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