CFO Services – How Can They Benefit Your Company?
Financial strategy is a critical part of any company’s long-term success. This strategy is multifaceted, complex, and requires careful planning, deliberate organization, and a vision for your entire team. Without a financial leader at the helm, your company might lack the consistent, all-encompassing financial blueprint necessary to staying on course. This is the person who boldly leads your team and makes the tough, high level business decisions. This is the motivator who guides your staff and aligns the financial details to work for the bigger picture. This is your Chief Financial Officer (CFO).
Contrary to what you might think, businesses don’t need an in-house, full-time CFO to effectively direct their financial resources. In fact, outsourced CFO services from Cg Tax, Audit & Advisory can be just as productive and a lot easier on your organization’s payroll.
What are CFO Services?
CFO services from the Cg Team provide the same services that a full-time CFO offers. Outsourced CFO services from Cg will develop your company’s overarching financial strategy, then bring all of the necessary functions in line to make it happen, including:
- Accounting and financial reporting services
- Estate and succession planning
- Financing Alternatives
- General consultation and strategic planning
- Budget analysis and cash flow planning
- Cash flow management
- Benchmarking and forecasting
- Accounting software selection and implementation
- Tax preparation, planning, and compliance
- Merger and acquisition support
From defining your organization’s future vision to ground level financial management, Cg’s outsourced CFO services provide expert insights from the top-priority strategies, all the way down the to decimal points.
Why outsource CFO services?
In the spirit of making shrewd financial decisions, you don’t want to overpay for these services. Hiring a full-time CFO is expensive – the average CFO salary is $376,261 plus benefits and bonuses (according to Salary.com). Outsourced CFO services are significantly less, depending on the size of your business.
What should outsourced CFOs know?
A good CFO directs every part of your business finances, from visionary strategy down to financial reporting, so it’s critical that they have a wide breadth of expertise and experience. They should be knowledgeable about accounting, taxes, benchmarking, budgeting, financial statements, acquisitions, and much more if they’re going to effectively serve your company. That’s quite a bit, but the Cg team has it all covered. We have over forty years of first-hand experience in various businesses handling every aspect of their financial processes. Across a wide range of industries, we have the knowledge necessary to deliver comprehensive, timely, custom solutions for your business.
Does a company need CFO Services?
Every size business can benefit from consistent and timely financial strategies, whether they’re just taking off or firmly established. But you don’t need to pay exorbitant amounts to get one. Virtual CFO services are much more accessible. Outsourced finance services through Cg Tax, Audit & Advisory will elevate every aspect of your business through custom, thoughtful strategies, optimizing revenue and streamlining expenses, all for much less than you’d pay for a full-time CFO.