Why Hire a Fractional CFO?
What is a Fractional CFO?
Unlike a full-time CFO who oversees and maintains all general financial strategy or an interim CFO who performs CFO duties before or between CFO hires, a fractional CFO’s duties are typically on a project basis and specifically tuned to the company’s particular challenges or goals.
What Does a Fractional CFO do for a Company?
Overcoming Specific Challenges
A fractional CFO is often brought into a company to help overcome specific financial challenges such as:
- Cash flow issues
- Low gross margins
- High expenses
- Outgrown existing systems
- Need to make cost cuts
- Navigating an audit

Create Forward-Facing Financial Visibility
Fractional CFOs can help companies:
Develop detailed short-, mid-, and long-term financial forecasts
Prepare budgets based on forecasts
Analyze potential future products, services, markets, and customer segments
Helping Manage Growth
Fractional CFOs can help companies:
Develop existing employees and hire new ones that bring essential knowledge and skills
Implement systems that will support sustainable growth
Improve visibility and analytical capabilities to convert large amounts of data into actionable information
Explore causes of revenue leakage, cost overruns, and operational friction in a growing business and develop potential solutions
Preferred CFO has been in the outsourced and fractional CFO business for over a decade. Preferred CFO founder and managing partner, Jerry Vance, is one of the most experienced fractional CFOs in the Intermountain West. He has assembled an exclusive team of handpicked CFOs from a variety of industries and backgrounds for an expert fractional CFO team.
Are you ready to speak with a fractional CFO?
Preferred CFO has been in the outsourced and fractional CFO business for over a decade. Preferred CFO founder and managing partner, Jerry Vance, is one of the most experienced fractional CFOs in the Intermountain West. He has assembled an exclusive team of handpicked CFOs from a variety of industries and backgrounds for an expert fractional CFO team.
Helping Achieve Goals
A fractional CFO is also often brought into an organization to help achieve a particular goal, such as raising capital or preparing for a sale, merger, or acquisition. Most fractional CFOs have helped raise hundreds of millions of dollars of debt and equity funding for multiple companies, and have helped oversee a number of mergers and acquisitions.
In these cases, a fractional CFO is helpful in:
- Getting books in order
- Producing financial forecasts
- Bringing expertise and validation to the company
- Sitting in on board meetings
- Helping with strategic relationships
- Analyzing term sheets and contracts
- Overseeing due diligence