Top Fractional CFO Rankings — Best Ranked Companies 2019

Evan Goldberg
Sep 3 · 6 min read

Top Fractional Chief Financial Officer Companies

In an era where entrepreneurial activity has reached all-time records, founders and Chief Executive Officers find themselves challenged with the fact that even though they excel at their technical skills, which were crucial to develop the idea, they lack the financial knowledge and expertise required to navigate the waters when the business starts to grow.

That’s the exact reason why Fractional CFO services have been gaining popularity among entrepreneurs, as they can delegate this important business task to someone with the training, experience, and network to help them succeed both technically and financially.

If you are currently looking for the Best Ranked Fractional CFO services of 2019, here’s a list you can browse through to find the one that suits your needs:

#1. Pro Business Plans

Located in: New York, Chicago, Miami, (virtual)

Highlights: Comprised by a team of highly educated financial experts with a strong background in investment banking, money management, and M&A transactions, Pro Business Plans is a company that specializes in preparing businesses to raise capital. Their services include fractional CFO services, business consulting, private placement advisory, financial modeling and of course, full-scale business plans for those actively engaged in seeking funds.

What they do best: Fundraising, Business Accounting, M&A Advisory, Budgeting, Financial Management

#2. CFO Share

Located in: Denver

Highlights: A business specialized in providing top CFO talent to companies who are looking for help in bookkeeping, financial projections, budgeting, forecasting, refinancing debt or reshaping their working capital. The company offers to connect these businesses with potential candidates so they can interview them to find the right match depending on the industry they specialize in or their specific skills within the financial field.

What they do best: Fractional CFOs for Startups, Bookkeeping, Business Acquisition Analysis.

#3. Scale Finance

Located in: Charlotte, Raleigh — Durham, Chapel Hill, Triad, Souther Pines, Coastal Carolina

Highlights: A firm comprised of seasoned financial experts that advice firms in matters related to M&A transactions, Business Valuations and Strategic Financial Planning, along with providing CFO & Controller services. The company works as a legal firm with partners and associates and they have advised many clients since they opened up for business in 2006.

What they do best: CFO & Controller Services, Mergers & Acquisitions, Business Valuation, Strategic Planning.

#4. Preferred CFO

Located in: Not disclosed (virtual).

Highlights: A virtual firm that provides full-range Fractional CFO services for both small and mid-sized businesses that are looking for professional advice from a high-level financial expert who can help them in optimizing their financial strategy, resolve any cash flow challenges, prepare for or manage growth, raise capital, forecasting and budgeting or potential mergers and acquisition preparation.

What they do best: Fractional CFO & Controller services, Financial Strategy.

#5. The CFO Center

Located in: Not disclosed (virtual).

Highlights: The CFO Center recruits highly experienced CFOs with a minimum of 7 years of hands-on experience to provide their Fractional CFO services to businesses of any size. Their main services include counseling on matters such as exit strategies, banking relationships, risks assessments, reporting, and internal systems, along with cash flow management, budgeting and other traditional services provided by Fractional CFOs to companies who wish to put their financial affairs in order without incurring in the expense of having an in-house CFO.

What they do best: Exit Strategy, Reporting, Internal Systems.

#6. CFO Strategic Advisers

Located in: Warwick.

Highlights: A business that aims to establish a close relationship with CEOs who want to get high-level counseling from experienced CFOs. The company offers advisory services in areas such as traditional CFO duties like reporting, tax planning, and cash flow management, to more complex transactions such as M&As and capital raising.

What they do best: Financial Advisory, Interim CFO services, Fractional CFO services.

#7. The CFO Connection

Located in: Newburyport.

Highlights: The CFO Connections brings to the table professional advice from seasoned CFOs who work hand in hand with their clients to provide counseling in the decision-making process. The company’s services are concentrated in Fractional CFO services, Financial Modeling, Mergers & Acquisitions, Strategic Planning, and Financial Workshops to train teams and high-level executives on financial matters.

What they do best: Financial Advisory, Fractional CFO Services, Financial Workshops.

What kind of help can you regularly expect from a Fractional CFO?

A Fractional CFO is your go-to counselor in financial matters related to your business. He is the person you’ll ask financial questions to, ask for guidance and benefit from his network of affiliates and partners to accomplish your goals. Here is a list of a few things a Fractional CFO can help you with:

Cash Flow Management:

Understanding your cash flow cycle and your current working capital situation is essential to make sure your business has all the funds it needs when they are needed. A Fractional CFO will help you in building a cash flow budget by forecasting your money inflows and outflows to spot any potential shortages or excess funds that can be invested wisely and profitably.

Capital Budgeting:

If you are about to deploy funds into certain investments, you have to make sure you analyze their potential returns to pick the best ones among the full range of alternatives. A Fractional CFO can work with you in analyzing each opportunity through different financial modeling tools, in order to present you the most profitable alternatives.

Financial Projections:

If you are currently seeking to raise capital for your business, a Fractional CFO can help you develop sound financial projections that reflect both the reality of your business and the path to where it is headed in a way that a seasoned investor will feel assured that the figures were estimated by a high-level financial expert.

Mergers & Acquisitions:

If you have received an offer from a buyer or you are actively looking for one, you’ll need a seasoned financial expert by your side guiding you through the process of valuing your company fairly, completing the due diligence and making sure the deal goes as expected. A Fractional CFO can do all that, and they often come with a network that can stand by your side to help you with legal matters, tax advice and exit strategies to make sure your transaction is settled adequately. Additionally, if you are on the buy side, you’ll definitely want to bring someone on board to make sure your negotiations with your prospective target are made based on sound financial analysis.

Strategic Financial Planning:

A growing company is one that needs resources. If you know where you are headed, you’ll probably find yourself looking for the funds to get there and here’s where a Fractional CFO can become a strategic partner to provide you with a sound financial plan that allows you to both set ambitious goals and find the funds to make them happen.

Budgeting & Forecasting:

The day-to-day financial operations of your business require some planning. By developing a budget, you can make sound decisions related to different areas of your company including marketing, human resources or IT, that remain within your budget, so you can achieve your profitability goals. A Fractional CFO can help you in building such budget and also in forecasting your business financial results for the next 6 to 12 months so you can make any adjustments needed now to achieve the results you expect.

    Evan Goldberg

    Written by

    Goldberg Capital — Alternative asset fund focused on specialty real estate and opportunity zones. Columbia MBA. Goldman Alumn

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