Outsourced CFO Services

Unlock CFO Expertise Without a Full-Time Commitment

As your business grows, so do the complexities of managing its financial health. Accurate financial insights are critical for tracking cash flow, analyzing financial performance, and planning for future growth. However, hiring a full-time Chief Financial Officer (CFO) may not be the most practical solution for your business.

That’s where Sullivan & Company’s fractional CFO services come in. Our team of seasoned financial professionals provides the expertise your business needs, all on a flexible basis and at a cost that works for you. By partnering with us, you gain access to CFO-level guidance without a full-time hire's financial commitment and overhead.

What Does a Fractional CFO Do?

A fractional CFO, a part-time, outsourced, or virtual CFO, offers specialized financial expertise on a contract or retainer basis. This approach provides businesses with the strategic guidance of an experienced CFO without incurring the costs of a full-time salary, which can exceed $200,000 annually. Fractional CFO services provide the same benefits as a full-time CFO at a fractional cost. This solution is both cost-effective and scalable for growing companies.

These professionals bring years of leadership and industry experience to your organization. They help you tackle challenges such as cash flow management, financial forecasting, and risk mitigation. They are an integral part of your team, ensuring you have the tools and insights to make informed business decisions.

How Do You Know It’s Time for Fractional CFO Services?

There’s no single formula for determining when your business might benefit from fractional CFO services, but certain indicators often suggest the need for additional financial expertise. Businesses with annual revenues exceeding $2 million are especially well-positioned to use this support.

Consider seeking a fractional CFO if you face challenges such as:

• Frequent cash flow shortages or slow receivables collections
• A lack of internal resources to create accurate and timely financial reports
• Planning for the launch of additional business locations
• Preparing for major capital expenditures or acquisitions
• A need for clearer financial benchmarks like Key Performance Indicators (KPIs)

Fractional CFO services offer targeted solutions to these pain points, giving you the confidence and clarity needed to move your business forward.

Steps to Hiring the Right Fractional CFO

Partnering with the right fractional CFO provider begins with transparency and trust. Sharing your financial data can feel daunting, but it’s a necessary step to unlock tailored, impactful strategies.

The process typically starts with an introductory consultation. During this meeting, evaluate how well the firm’s approach aligns with your business goals and company culture. Ask key questions to assess their capabilities and determine if they’re the right fit for your needs.

Critical Questions to Ask During the Interview:

• Do you focus on proactive and strategic financial planning?
• What does the onboarding process look like for new clients?
• Will I have a dedicated CFO resource assigned to my account?
• Are your services comprehensive, including forecasting, financial reporting, and document preparation?

At Sullivan & Company, we emphasize understanding your unique business needs. During our no-cost consultation, we perform a comprehensive financial health check-up, identifying areas for improvement and creating an actionable plan tailored to your objectives.

Why Choose Sullivan & Company’s Fractional CFO Services?

With over a century of combined experience, our team of fractional CFOs is equipped to navigate the complexities of your business’s financial landscape. Our goal is not just to manage your financial details but to empower you with the knowledge and strategies to lead your business confidently.

By choosing Sullivan & Company, you gain more than just financial expertise; you gain a trusted partner committed to your success. Let us help you simplify financial management, reduce risks, and unlock your business's full potential, all at a monthly fee that aligns with your budget.