What Is A Fractional CFO?

Hands-on CFO Help for Owner-Managed Businesses

We Have Been Asked Many Times to Describe What A Fractional CFO Is.

The easy answer is that the fractional CFO is a highly skilled financial professional who is a key business advisor to an owner-manager or CEO.  He or she provides professional assistance in all financial aspects of a business.  This assistance is provided in a cost-effective way with less than full-time involvement.

Fractional CFO’s have usually been in public accounting practice and who have also spent many years as full-time CFO’s.  They become part of the business, focusing on the internal financial roles rather than the outside accountant/auditor roles and become the financial face of their clients’ businesses.  Being part of the management team, they help all members of management to better understand the financial information of the business.

Most owner-managed businesses cannot afford to hire a full-time CFO.  Salaries for these individuals range from the low 6 figures to the mid or higher 6 figures.  Hiring a fractional CFO provides businesses the expertise of experienced professionals as needed on a billable time-based rate that most can afford. They are not employees but rather are independent professionals who provide their services on a contract basis.  Fractional CFO’s can be hired to carry out specific financial projects or can provide ongoing support in all areas of finance.

What People Are Saying

Slide Carl Solomon is a veteran Chief Financial Officer who has extensive experience working with and advising technology companies. I have worked with Carl for over a decade and through all of our dealings he demonstrated the utmost in professionalism. Carl has deep knowledge of all finance issues critical to technology companies, including preparing a company for sale and concluding a successful transaction, management reporting, SRED and a wide variety of other government incentive programs. Carl is also approachable, a strong team player and a pleasure to collaborate with. Deep Knowledge of All Finance Issues Peter Matutat
Partner, BDO Canada LLP Slide Carl, you have been a valued colleague and contributor within our executive team. Your service as an independent contractor acting as our Chief Financial Officer over these years has been exemplary and your leadership and guidance throughout many difficult circumstances has been greatly appreciated. I personally have appreciated the opportunity to work closely with you over my four years as Chief Operating Officer and I have benefitted greatly from that experience. Thanks Carl! Chris Lewis Slide I have known Carl for 6+ years as a seasoned financial executive who finds creative solutions to achieve strong business results. I worked with Carl on many occasions and was always impressed with his thorough approach to solving complex issues. He got things done in a most efficient manner. Carl has high integrity standards and was very respected by the teams he was working with. I would highly recommend Carl to any companies in any industry to benefit from his skills and experience. Finds creative solutions to achieve strong results Mike Arazyan
Senior Account Manager, RBC

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