An external CFO will analyze your current cash flow, systems, and processes to find areas that can be improved and optimized. Managing the financial side of your business is an absolute necessity for any small business, whether just starting out, or trying to grow and scale. Even if you’re happy with the status quo, you still need someone to keep the financial side of things flowing, compliant, and working as an asset to your business. If you’re looking to free up some time in your busy schedule or would like to remove the stress of bookkeeping and financial planning from your to-do list, this could be the time for you to hire an outsourced CFO. Grounded in our career experiences as enterprise CFOs, our outsourced CFO services deliver efficient and cost-effective business finance solutions that are aligned with your goals. The process starts with assessing your company’s financial needs, ensuring you know what responsibilities the outsourced CFO will be tasked with.

We deeply understand the inherent risks and intricacies involved in running a mission-driven organization. The increased demand for accountability, transparency, and governance means you are under greater pressure. Our outsourced cfo services analyze operational gaps and address critical financial, strategic, and structural needs so you can focus on doing great work. Outsourced CFO services are a cost-effective way to ensure your business is on the right track for growth and sustainability. As a business owner, working with an outsourced CFO enables you to focus on your business instead of being in your business. They advise on decisions about debt and equity financing, manage the business’s working capital, and ensure the organization has the funds to fuel growth while remaining financially stable.

Major Benefits of Hiring an Outsourced CFO Service

Learn what outsourced CFO services provide, which companies benefit from them, how much they cost, how to find the best providers, and what they’ll accomplish in the first few weeks. At Zeni, we employ a full team of financial professionals who have worked within dozens of industries and business models. By leveraging the experience of our team—and understanding the unique needs and expectations of each client—we’re able to provide precise guidance for meeting goal outcomes at an affordable rate. The budget sets targets for how the startup should perform each month in order to achieve the results in your projections.

• Having key financial documents on hand means you can respond immediately to requests and avoid the embarrassment of looking disorganized.
• Hundreds of founders and management teams tap into the expertise of their trusted finance and accounting partner to help scale their companies.
• To monitor whether the business is on track or underperforming, the outsourced CFO will compare your actual financial data to the budget and report back on where you stand.
• Experienced outsourced CFOs are well-versed in identifying potential threats and implementing strategies to proactively address them.
• In Deloitte’s Global Outsourcing Survey, 65% of respondents said outsourcing helps them focus on core functions.
• Although the founders should always take the lead on fundraising, if your startup has progressed to the point of Series B or Series C funding, you may need a CFO who can become more involved in the process.
• Our goal is to help companies move the needle by scaling and accelerating growth, optimizing resources, overcoming obstacles, and maximizing shareholder value.

Get expert advice on every topic you need as a small business owner, from the ideation stage to your eventual exit. Our articles, quick tips, infographics and how-to guides can offer entrepreneurs the most up-to-date information they need to flourish. In this section, find the answers to our most frequently asked questions about outsourced CFO services.

Why Should I Outsource My CFO Services?

Yes, outsourced CFOs generally have experience in fundraising and investor relations. They can prepare financial documents for investors, conduct due diligence, and create compelling financial narratives to attract investors. Communication with our clients is key so we take seriously the job of creating effective and efficient meeting agendas, meeting follow-up protocols, accountability measures, and debriefs. Amplēo works with dozens of CFOs with expertise spanning various industries, making it easier to find the right CFO for your company. This type of company has a team that is accustomed to working together, is centrally managed, and is finely-tuned and cost-effective.