Interim CFO Can Create Impact With Minimal Effort
All companies have a Controller or head of accounting to manage the accounting of the business and deal with things like AP, AR, Collections, Vendor negotiations, managing the financial close, and reporting results. A CFO plays a different role and not all companies can afford or need a CFO. However, there are times in the evolution of most companies where they do need CFO type skills.
The right interim or fractional CFO with the right management experience will bring companies financial skills and experiences that cross multiple finance disciplines and provide unique insights and direction that growing companies need.
There are times in the evolution of a company when the skill set of an interim or fractional CFO are needed for businesses and depending on a Controller or VP of Finance will lead to less than optimal decision making and could lead to costly mistakes.
Request Interim & Fractional CFOs
Let us know how we can help you with your Interim Executives and talent needs and our Executive Search team will follow up with you promptly.
Interim CFO Case Study
A mid-sized and growing toy manufacturer’s company faced multiple challenges as they grew relying on a controller and staff accountants for their financial team. They needed support to better understand their business and make strategic decisions on the various businesses. We assigned an interim CFO with consumer product financial experience for 3-5 days a month to help drive an initiative to separate out the various businesses and derive the profitability for each business and create a way to manage that process going forward. This led to strategic decisions to divest 2 of the businesses and focus on the truly more profitable businesses with growth potential. Additionally, the interim CFO was available for focused projects that emerged relating to forecasting and capital acquisition on a “just in time” basis. This value was provided at the fraction of the cost it would take to hire a full time CFO.
At M&A Executive Search & Consulting we have an extensive network of senior level finance professionals and help clients engage the right interim CFO who has the right industry and functional expertise that your organization needs. Our Interim CFOs can quickly provide answers and leadership in the following areas:
- Business strategy
- Capital formation (raising money) and banking
- Internal Controls
- Economic Forecasting
- Budgeting and Forecasting
- Data analytics and Trend Spotting
- Treasury & Risk Management
- Tax Planning
- M&A Activities
The following are Interim CFO examples from M&A’s network: