by Jill Tavey | Dec 28, 2020 | Chief Financial Officers, COVID-19, Financial Strategy, General Business
On Sunday, December 20, Congress passed a $900B stimulus package. One week later, on Sunday, December 27, Trump signed the bill into law. While there are many aspects of the bill offering moratoriums on evictions and extending unemployment benefits, the bill also...
by Jill Tavey | Dec 16, 2020 | About, Chief Financial Officers, Financial Strategy, Fractional CFO Services, General Business
CFOs are high-level, strategic experts who optimize financial resources in a company while using those resources to achieve company goals more efficiently and effectively. Unlike bookkeepers, controllers, and accountants whose primary functions are rear-facing,...
by Mikelle Despain | Nov 4, 2020 | Business Growth, Chief Financial Officers, Fractional CFO Services, Tech/SaaS
It’s becoming increasingly common to see companies turning to an outsourced CFO instead of a traditional in-house CFO. This is especially true for the dynamic, high-growth SaaS industry. SaaS companies are finding that outsourced CFOs specializing in SaaS are often...
by Mikelle Despain | Aug 25, 2020 | Chief Financial Officers, Financial Strategy, General Business
As Preferred CFO performs speaking engagements and advisory with CEOs around the country, one of the topics we’re continually asked to address is how to evaluate the quality of a financial team. Among these is answering the question, “What makes a great CFO?” We’ve...
by Mikelle Despain | Sep 23, 2019 | Business Growth, Chief Financial Officers, Financial Forecasting, Financial Strategy, Financial Systems, Fractional CFO Services, General Business
On average, fractional CFOs cost $3,000/month to $10,000/month. The most common agreements are between $5,000-$7,000/month for most small- to mid-sized companies. The cost of a fractional CFO depends on the scope of work provided, the size and complexity of the...
by Mikelle Despain | Jan 7, 2019 | Chief Financial Officers, Fractional CFO Services, General Business
How to Hire a Senior Part-Time CFO If your company is looking to elevate your strategy, solve a problem, overcome a challenge, or prepare for a transaction such as raising capital or preparing for an exit, you may be interested in hiring a senior part-time CFO. Senior...
