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PPP December COVID Relief Stimulus Bill

PPP December COVID Relief Stimulus Bill

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...
How Does a CFO Add Value?

How Does a CFO Add Value?

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,...
6 Reasons SaaS Companies are Choosing Outsourced CFO Services

6 Reasons SaaS Companies are Choosing Outsourced CFO Services

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...
9 Traits of a Great CFO: Evaluating Your Financial Team

9 Traits of a Great CFO: Evaluating Your Financial Team

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...
How Much Does a Fractional CFO Cost?

How Much Does a Fractional CFO Cost?

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 CFO costs $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...
5 Tips for Hiring a Senior Part-Time CFO

5 Tips for Hiring a Senior Part-Time CFO

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...
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ABOUT US

Preferred CFO is a high-level fractional, outsourced CFO firm. With a “forward-looking” financial strategy, we help organizations implement a higher level of forecasting, budgeting, cash management, and financial strategy. Our goal is to help companies move the needle by scaling and accelerating growth, optimizing resources, overcoming obstacles, and maximizing shareholder value.

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