A chief financial officer (CFO) is a critical role for any growing business. CFOs bring an important set of skills and expertise to help manage your company’s cash flows and finances, advise on tax strategies, and ensure you have the working capital to pay your employees, deliver products and services to your customers, and turn a profit. If you are a small business owner who doesn’t have this background and experience and you don’t have the resources (or need) to hire a full-time CFO, an outsourced CFO can provide the skills and expertise you need at a fraction of the cost.
Our cost-efficient solution combines real-world CFO experience with solid accounting and finance capabilities to provide strategic, hands-on expertise. Let our Atlanta CFO team focus on the finances and bringing value to your company so you can direct your energy and passion toward building your business.
Get Experience Without Adding Operating Costs
CFOs provide strategic finance and accounting services to your company. Our outsourced CFO services are a great way for smaller businesses to gain the experience of a high-level CFO and save on operating costs by avoiding the salary and office expense that comes with a comparably experienced in-house position. It also gives you more room to adapt as your business needs change.
CFO salaries nationally average more than $200,000 a year, which is a big expense for any business, but especially a small business. At the same time, the expertise that a CFO brings is essential and goes beyond what an office manager or basic accountant can offer, so having access to that expertise helps you manage your finances and create strategies for growth. For small businesses, a part-time CFO is probably adequate to meet your needs; in fact, most small businesses only need the services of a CFO about one day per week on average.
Over time as your business grows, our CFO consulting provides customizable resources to expand, and the flexibility to increase or decrease services as your business needs dictate.
Gain Control of Your Financial Situation and Minimize Risk
Financial management comes with risks, and in a small business where the owner or CEO is wearing many hats, sometimes financial controls can become weaker than it should be. Unfortunately, this creates an ideal environment for a trusted employee or business associate to take advantage of your company. Third-party CFO services help you maintain better financial controls with the proper checks and balances. You receive regular updates on the financial health and position of the company and limit your risk of fraud or theft.
Remove Large and Ongoing Financial Projects from Your Plate
RockRidge Financial’s multidisciplinary approach to the “CFO-for-Hire” role allows us to be your strategic and tactical partner. As your CFO-for-hire, our expert team in Atlanta is always here for you; you can engage with us as much or as little as needed. That includes assistance with day-to-day financial questions and advice on:
- Accounts receivable
- Accounts payable
- Payroll
- Financial reporting and paperwork
- Tax filings and payments
It also includes longer-term planning with activities like:
- Strategic forecasting and planning (projection modeling)
- Business plan development
- Developing new revenue streams and sales growth strategies
- Treasury and cash management
- Cash flow improvement and cost containment
- Debt/equity capital raise
- Business process development, implementation, and execution
- Strategic development to scale through acquisition or exit (sale) of your business
- Tax-efficient strategies and counsel on proper business/tax structure
An outsourced CFO can handle these projects on a transactional or ongoing basis and can go far beyond basic accounting services to provide a more holistic view of the long-term financial health of your company. An added benefit of partnering with RockRidge Financial is that we are a CPA firm. We have long-standing relationships with the banking, investor, and vendor communities, and we know how to communicate effectively with them.
Benefit from Our Expert CFO Services
Sometimes it’s hard to see the bigger picture when you’re entrenched in the day-to-day of running your business. Our CFO consulting services in Atlanta provide a high-level financial perspective and expert advice to help you make better decisions for a more profitable business today and in the future.