"Strategy without execution is a fruitless endeavor."
C&S Shared CFO Services
We offer a solution that can provide the financial resource a company needs in a flexible and affordable manner.
Shared CFO Services
- CFO experienced with the unique challenges of small businesses
- Fixed monthly fee at a fraction of the cost of a full-time CFO
- No long term contract
The Role of The CFO
Successful businesses need a balance between the three main functional areas of their business: Sales, Operations, and Finance. This requires that the organization have expertise in all three, having someone with the skill set and in-depth knowledge to manage each area.
Although there are many sources for financial expertise, the Chief Financial Officer (CFO) is typically the main source for covering the finance area. Unlike a bookkeeper, Controller, or third-party accountant, whose primary focus is the day-to-day operational aspects of the finance area, the CFO’s primary focus is the strategic direction of the company and the impact of strategy and daily decisions on the overall financial performance. He’s a proponent of improved future performance, not just a reporter of the past.
Roles & Responsibilities of the CFO
While the CFO can play an important role in a company’s future success, many small businesses lack a CFO. For some, the price of a full-time CFO is prohibitive. Others may not need help on a full-time basis. Still others may not recognize that they have reached a point where they could use a CFO. We can assist business owners with overcoming these hurdles and get the resource they need to help take their company to the next level.
Although there are many sources for financial expertise, the Chief Financial Officer (CFO) is typically the main source for covering the finance area. Unlike a bookkeeper, Controller, or third-party accountant, whose primary focus is the day-to-day operational aspects of the finance area, the CFO’s primary focus is the strategic direction of the company and the impact of strategy and daily decisions on the overall financial performance. He’s a proponent of improved future performance, not just a reporter of the past.
Roles & Responsibilities of the CFO
- Partner with sales and operations to identify and capture profit improvements
- Insure accurate and timely information to make informed business decisions
- Assist with determining achievable future goals
- Facilitate the development of the strategies needed to reach the goals
- Help develop an actionable plan to implement the strategy
- Make sure the resources are available to implement the plan
- Monitor the progress of the plan
- Mitigate Risk
While the CFO can play an important role in a company’s future success, many small businesses lack a CFO. For some, the price of a full-time CFO is prohibitive. Others may not need help on a full-time basis. Still others may not recognize that they have reached a point where they could use a CFO. We can assist business owners with overcoming these hurdles and get the resource they need to help take their company to the next level.