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When you should consider an outsourced CFO?

An outsourced CFO is a financial expert who is hired on a part-time or project basis to establish the financial system and address financial concerns of an organization when required. This is becoming a popular practice these days, as an interim action or instead of paying for a full-time CFO.

An outsourced CFOperforms the following functions:
resolves challenges like raising capital, cash flow issues, solving tight margins etc.provides financial strategy serviceshelps with operational optimizationsassists in systems analysis and designprovides financial forecast Reasons for hiring an outsourced CFOBudget - Many organizations today do not want to appoint a permanent, full-time CFO as it would mean paying the CFO a hefty salary with benefits and annual raises. They would rather utilize that budget in other pockets that would enhance the growth of the company. Affordability - Many organizations don’t have that much budget to invest in a people resource at that level. They would rather hi…

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