A fractional CFO provides part-time financial leadership and expertise on-site at a company's location, working for a set number of hours or days per week. This allows them to integrate more closely with the company's team and culture, making them accessible for face-to-face meetings and direct collaboration. They often focus on specific financial projects or ongoing management tasks such as strategic planning, financial reporting, budgeting, and forecasting.
In contrast, a virtual CFO delivers similar financial management services remotely, using digital communication tools. This approach offers greater flexibility and can be more cost-effective, as it eliminates the need for physical presence and reduces overhead expenses. Virtual CFOs often leverage online financial systems and provide services like virtual financial reporting and cloud-based financial management, making them suitable for businesses looking for remote expertise and digital solutions.
At Liston Newton, we offer both fractional and virtual CFOs for your business.