Key Responsibilities of a Fractional CFO:
1. Financial Strategy
- Defining and implementing the company’s financial strategy
- Preparing annual budgets and financial forecasts
- Analyzing profitability by business lines / clients / products
- Supporting decisions related to growth, investments, or restructuring
2. Financial Control & Reporting
- Organizing and overseeing the financial reporting framework
- Analyzing P&L, cash flow, and balance sheet
- Implementing financial KPIs
- Ensuring the accuracy of financial data (in collaboration with accounting)
3. Cash Flow Management
- Monitoring cash flows
- Optimizing working capital (receivables, payables, inventory)
- Planning financing needs
- Managing relationships with banks and other creditors
4. Governance, Risk & Compliance
- Establishing internal financial policies
- Managing financial risks
- Supporting relationships with auditors, tax advisors, and legal consultants
- Preparing the company for audits, due diligence, or investments
5. Support for the Entrepreneur / CEO
- Translating financial data into business decisions
- Performing ad-hoc financial analyses for strategic decision-making
- Providing financial coaching for founders and the management team
- Structuring the business for scalability
6. Processes & Digitalization
- Optimizing financial processes
- Implementing or improving ERP systems and reporting tools
- Financial reporting and financial control automation