Outsourced FD & Fractional CFO Support

Welcome to AccountsPro, where strategic financial guidance is made accessible to businesses and organisations at every stage. We specialise in providing expert outsourced FD and fractional CFO services. Let us become a great addition to your business, offering high-level financial direction without the commitment and cost of full-time roles.

Outsourced FD Services

Our outsourced FD is not just an FD; they’re an outsourced finance director FD who brings strategic advice and oversight to your financial operations. When you opt for our outsourced FD finance director, you gain an experienced partner who can steer your financial strategy while managing day-to-day financial tasks.

The benefits of an outsourced FD with AccountsPro go beyond just saving costs. You’ll get the expertise of a full-time FD at the fraction of the cost, while also gaining a strategic partner committed to driving your business’s financial health.

Fractional CFO Services

Our fractional CFO service is the perfect solution for start-ups and growing businesses that need strategic financial advice but are not yet ready for a full-time CFO. So, what is a fractional CFO? A fractional CFO is a seasoned financial expert offering strategic financial leadership to the CEO on a part-time basis.

They will provide in-depth financial analysis, drive strategic planning, facilitate start-up fundraising efforts, manage cash flow, and help navigate financial complexities, all at a fractional CFO pricing that fits within your budget. Our fractional CFO services agreement can be tailored to meet your unique needs, offering you the flexibility to increase or decrease our involvement as your business needs evolve.

Why Choose AccountsPro’s Outsourced FD and Fractional CFO Services?

1. Cost Efficiency: Cost is often a determining factor when deciding to hire financial leadership. Our outsourced FD and fractional CFO services eliminate the need for you to bear the full salary of a full-time role. So, how much does a fractional CFO cost? With AccountsPro, you can access a seasoned FD at a fraction of the cost of a full-time CFO.

2. Tailored Expertise: With our services, you gain access to professionals who bring to the table vast industry experience and expertise. These aren’t just any FD or CFO; they are seasoned veterans who can guide your business through financial challenges, drawing upon years of experience across various sectors.

3. Flexibility: The beauty of our services lies in the flexibility it offers your business. Need more financial leadership during a particularly challenging quarter? Our services can scale up. Want to scale down during a slower period? We can accommodate that too.

4. Strategic Insights: The value of an outsourced FD and a fractional CFO extends beyond number crunching. They offer strategic insights, help identify opportunities for growth, manage risks, and drive business performance.

5. Simplicity: Leave the administrative tasks to us. Our fractional CFO consulting ensures that we manage the CFO on our payroll, freeing you up to focus on your business.

With AccountsPro, you don’t just get a financial director or a CFO, but a strategic partner committed to your business’s growth. We are also competitively priced when compared to other fractional CFO firms.

Contact us today via our contact form below, by email at hello@accountspro.co.uk or on 020 7193 9798 for a free no-obligation discussion about your financial needs today.

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    Outsourced FD | Fractional CFO for Startups

    Frequently Asked Questions

    What does a Fractional CFO do?

    The role of a Chief Financial Officer (CFO) is essential for businesses to maintain financial health and plan for future growth. However, not all businesses have the resources or need a full-time CFO. This is where a fractional CFO steps in.

    A fractional CFO provides the same essential services as a full-time CFO, but on a part-time basis. Typically, these professionals are hired by small to medium-sized enterprises (SMEs) or start-ups, where the full-time engagement of a CFO might not be financially viable or operationally necessary.

    Fractional CFOs are responsible for strategic financial planning, analysing financial data, managing financial risks, supervising cash flow, providing financial insights, and offering guidance on cost reduction, revenue enhancement, and profit maximisation. They also assist with investment decisions, offer business financial planning, and guide businesses through funding processes such as private equity, debt, or IPO.

    Besides providing high-level financial expertise, a fractional CFO is invaluable in bringing an external, objective perspective to the business, potentially identifying areas of financial concern or opportunity that may not be obvious to those involved in the day-to-day running of the company.

    Furthermore, a fractional CFO’s flexibility allows them to be engaged only for the period required – be it a few days per week, a few days per month, or even for a specific project. This flexibility makes a fractional CFO a cost-effective solution for SMEs and start-ups needing expert financial advice without the full-time commitment.

    How to become a fractional CFO?

    If you are an experienced finance professional considering a shift from the traditional full-time career path, becoming a fractional CFO may be a promising option. Here’s a comprehensive guide on how to become a fractional CFO.

    What is a fractional CFO?

    A fractional CFO is a high-level financial advisor who offers their services on a part-time or project basis. Typically working with startups and small to medium-sized businesses, a fractional CFO provides strategic financial advice without the business needing to incur the cost of a full-time CFO.

    The Path to Becoming a Fractional CFO

    1. Obtain Relevant Qualifications and Experience: The journey towards becoming a fractional CFO starts with a sound financial education and several years of professional experience in financial management or corporate finance. An MBA or a recognised accounting certification such as ACA, ACCA or CIMA can also be advantageous.

    2. Develop a Broad Range of Skills: Successful fractional CFOs possess a broad range of skills including financial planning, cash flow management, risk management, strategic planning, and expertise in regulatory compliance.

    3. Gain Leadership Experience: Before stepping into a fractional CFO role, it’s beneficial to have experience in a leadership role such as Finance Director or full-time CFO. This experience will equip you with the strategic skills needed to guide companies towards their financial goals.

    4. Expand Your Industry Experience: Working in various industries will increase your adaptability, allowing you to provide valuable insights to businesses in different sectors.

    5. Networking: Building a robust network is crucial. Join professional groups, attend industry events, and make connections with other finance professionals and business leaders.

    6. Continue Learning: The financial landscape is ever-changing, making continuous learning vital. Stay updated with industry trends, regulations, and technological advancements in financial management.

    7. Build a Personal Brand: Establish yourself as an expert in your field. This could be through blogging, speaking at industry events, or even offering expert commentary to media outlets.

    How AccountsPro Can Help

    At AccountsPro, we offer opportunities for experienced finance professionals seeking part-time FD and CFO roles. Visit our page here to explore these opportunities. We provide a platform that connects you with businesses in need of fractional CFO services, providing you the chance to leverage your skills and contribute to their growth.

    Becoming a fractional CFO can be a rewarding career choice, providing you the opportunity to work with a variety of businesses while offering flexible work arrangements. If you’re considering this career path, we’d love to hear from you. Reach out to us via our contact page or drop us an email at hello@accountspro.co.uk. We’re here to help guide you on your journey to becoming a successful fractional CFO.

    What is the difference between interim CFO and fractional CFO?

    The terms “Interim CFO” and “Fractional CFO” are often used interchangeably but denote distinct roles with different responsibilities and purposes.

    An interim CFO is typically appointed to fill a temporary vacancy. This could be during a period of transition, such as a CFO departure or during the recruitment process for a permanent CFO. Interim CFOs step into a full-time role, assuming all the responsibilities of a regular CFO, to ensure the continuity of essential financial management.

    On the other hand, a Fractional CFO serves a business on a part-time basis. Instead of stepping in to fill a gap, a fractional CFO provides strategic financial leadership to businesses that do not have the resources or need for a full-time CFO. They can work with multiple companies concurrently, offering their expertise for a fraction of the time – hence the term “fractional”.

    So, while both roles offer high-level financial expertise, the main differences between an Interim and Fractional CFO lie in the extent of their engagements and the specific circumstances under which they are typically employed. An interim CFO is a temporary full-time role, while a Fractional CFO is a permanent part-time position.

    An outsourced Financial Director (FD), similar to a fractional CFO, provides financial expertise to businesses without the need for full-time employment. Outsourced FDs are often employed by SMEs that may not have the resources for, or may not require, a full-time FD.

    Outsourced FDs manage and oversee the financial and accounting functions of a business, provide strategic financial planning and analysis, and ensure regulatory compliance. They also offer advice on financial risk management, budgeting and forecasting, and can assist with business planning to drive growth and profitability.

    Specific tasks of an outsourced FD might include, but are not limited to, managing cash flow, improving financial reporting systems, developing financial strategies, advising on investment opportunities, and driving the financial planning of the business.

    Another important role of an Outsourced FD is to liaise with stakeholders, such as accountants, banks, and other financial institutions, to ensure the business is well-represented

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