At times businesses may need an extra hand to help handle all of their accounting needs. For a small to mid-size business the costly price tag for a top tier CFO may not be the best solution. Outsourcing a CFO is a growing trend in the accounting industry and should be considered when making strategic business decisions.
Many businesses miss out on what a CFO can bring to the table due to their budget and other concerns. The business owners try and handle all the finances themselves along with daily tasks. There is so much that goes into operating a business that no one person could possibly do it all effectively. That’s where an outsourced CFO like David Scotch comes in.
David’s expertise in providing a strategic outsourcing solution stems from many years of experience in the role of Financial Controller. Developing a business plan, budgeting and forecasting, obtaining financing, developing management information systems and managing working capital are just some of the roles a CFO can fill as well as:
· Business Analysis
· Creative Insight
· Experience and Knowledge
All companies no matter the size could benefit from an outsourced CFO. All companies have the same needs for business and financial management, but sometimes smaller companies can’t afford a full-time CFO. Instead of ditching one altogether, look into hiring a part-time CFO for specific needs.
Contact David A.Scotch, CPA to answer any questions or concerns you may have, or to look into hiring us on as your one-stop CFO shop!