What Can a CFO Do...for MY Small Business?

In this video, Marcus Dillon, CPA and Client CFO, walks through what a CFO can do for your small business. You can also read about the benefits of a CFO for small businesses below.

What can a CFO do…for MY small business?

We'll answer this from the perspective of a fractional CFO because most small businesses in the $1MM to $5MM revenue range can glean all the benefits of a CFO at a fraction of the cost through fractional CFO services. At DBA, our fractional CFOs operate like nonequity partners who want nothing more than to see you as the owner reach your full financial and leadership potential!

Cash Flow

First, a fractional CFO can optimize cash flow by monitoring and projecting cash flows, optimizing working capital, managing receivables and payables, and ensuring adequate liquidity to support the business's operations and growth.

Profit

Next a fractional CFO can improve profitability by identifying areas where costs can be reduced or efficiencies can be gained without compromising the quality of products or services.

Tax Savings

The third area fractional CFOs bring value is with compliance and tax savings. Not only do we ensure compliance with relevant accounting standards, regulatory requirements, and tax obligations, but we also present tax savings strategies and assist in implementing those opportunities

Financial Systems and Technology

Another benefit of a fractional CFO is identifying and implementing financial systems and technologies that streamline processes and improve data accuracy and integrity. We leverage automation and digital tools to increase efficiency and reduce manual errors in financial operations.

KPIs

Finally, a fractional CFO will promote healthy growth and monitor performance. A fractional CFO will establish performance metrics and dashboards to monitor and measure the business's financial performance against targets, and also evaluate investment and expansion opportunities to grow the bottom line.

Fractional Accounting Team

Even better than what a CFO can do is what a fractional CFO TEAM can provide. A fractional CFO team, like Dillon Business Advisors, can provide all the back-office accounting responsibilities, tax compliance, and strategic advisory. At DBA, we provide tax savings, time savings, and new revenue opportunities all while educating our clients on how to run better businesses as better leaders.

Our team of fractional financial experts would love to talk with you. Contact us today.