It is possible that your needs run deeper than just CFO-level insight. If you are not 100 percent confident that your finance department is providing your organization with a competitive advantage in your industry, you may want to consider a more comprehensive solution.
Some companies group CFO responsibilities with bookkeeping and controller services. These companies provide a turnkey solution to organizations which are in a position to outsource day-to-day tasks as well as the larger decision-making responsibilities.
These providers are often specially equipped to provide you with confidence that the following tasks are completed with efficiency and accuracy:
You'll also find efficiency advantages with a company (like ours) which groups CFO services with Bookkeeper and Controller services.
This type of company has a team that is accustomed to working together, is centrally managed, and is finely-tuned and cost-effective. The result of those efficiencies is that you can save a lot of money by getting the most out of a higher-paid CFO. The CFO will engage ONLY when needed because everything he needs has been teed up by the team beforehand.
You only pay the high CFO rate when that person is providing the maximum value to your business. A CFO from a separate service will waste time cleaning up lower-level tasks and trying to manage people from outside his organization.