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When Should You Consider Hiring an Interim CFO?

 
  Howard Goldman, Partner, CFO Edge, LLC  
   
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  Article Summary  
In this second article in our series on scenarios and benefits of a Project CFO, an Interim CFO and a Part-Time CFO, we explore situations when you should consider hiring an Interim CFO.

While a Project CFO tends to focus on a clearly-defined project, an Interim CFO (sometimes also referred to as a Temporary CFO) is frequently engaged when a sitting CFO has left the organization or when a sitting CFO needs additional high-level financial expertise or bandwidth to help the organization complete a significant event or transaction.

Reviewed are Interim CFO descriptors for skill sets, focus and duration of presence, as well as the benefits of bringing in an Interim CFO.

A former enterprise CFO acting in the role of an Interim CFO or Temporary CFO brings both high-caliber financial leadership skills and authoritative financial solution expertise.

An Interim CFO can provide financial and operational guidance to the executive management team; communicate with investors, lenders, vendors and other stakeholders; and assist in recruiting and training the new full-time CFO.

Los Angeles and Southern California executives who are looking at the best way to maintain continuity in financial leadership after the departure of a CFO can realize significant benefits by bringing in an Interim CFO.

This is the second article in a series on the types of outsourced CFO services. Following are links to the other two articles in the series:

When Should You Consider Hiring a Project CFO?
When Should You Consider Hiring an Interim CFO? - (This article.)
When Should You Consider Hiring a Part-Time CFO?

  Open as PDF Open the entire article as a downloadable PDF (No form completion is requested.)  
     
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