Tailored Interim CFO Services
Interim CFO services can be a lifeline for startups, small businesses, or those going through major changes and in need of support. During these times, it is critical that your business functions aren’t disrupted and that your accounting and financial planning are still being managed. That’s why CKH Group is proud to offer Interim CFO services, a powerful and customizable solution designed to meet the short to medium-term needs of your company, with the potential for long-term support.
As a leading CPA firm based in Atlanta, we take pride in offering Staff Augmentation Services designed to:
- Maintain and manage your business’s financial risks and planning
- Reduce risk, costly errors, or disruptions in workflow
- Provide cost-effective, timely, and efficient results
What Is An Interim CFO?
An interim Chief Financial Officer (CFO) conducts the same tasks and holds the same responsibilities as a regular CFO. Namely, this is a person who will handle the financial risk and planning of your business- identifying gaps, developing strategies, and managing investor relations. A CFO is an essential partner to your business, working closely with multiple departments, C-level executives, and helping to identify the financial ramifications of all decisions.
The difference is that an Interim CFO is employed for a fixed period of time or on a contractual basis. This type of CFO outsourcing can provide a business with support during critical growth, transition, or beginnings of a company. Oftentimes, it can be more cost-effective than hiring full-time.
Why Hire an Interim CFO?
Simply put, hiring an interim CFO will solve a problem in a safe, quick, and cost-effective manner. Whether that is due to a sudden vacancy, implementation of a new business system, acquisition or merger, or an unexpected change, Interim CFOs can provide rapid results during a much-needed period of time.
Additionally, Interim CFOs can act as a baseline for startups and small businesses who expect to hire a CFO full time in the future, but need a cost effective solution in the meantime. Lastly, they can also support an existing CFO to get additional expertise for a specific project or transition.
Aside from solving a problem, hiring an interim CFO, especially from a firm like CKH Group, can drive growth, create effective processes, reduce costs, and achieve results from day one.
Fractional CFO vs. Interim CFO
Both fractional and interim CFOs serve similar purposes, but understanding the difference will help your business understand which is better suited to your needs. As explained above, Interim CFOs fully take on the role of CFO, just on a short term or contractural basis. Fractional CFOs, however, provide part-time financial leadership, providing fractional support where needed. Fractional CFOs are often utilized by companies who either do not have the resources or the need for a full-time CFO but still need access to financial leadership expertise.
Why Choose CKH Group?
CKH Group’s Outsourcing Solutions are designed to support businesses where they need it most, empowering them to focus on their core competencies instead.
With CKH Group, you’re not just getting a CPA firm; you’re gaining a trusted partner committed to your success. Discover the CKH Group advantage, where excellence, integrity, and expertise come together to create a powerful outsourcing partnership for you. Contact us today to explore how our outsourcing services can add value to your organization.