Strategic Insights And Input From Your OUTSOURCED CFO
Our professionals provide high-level expertise that help businesses make sound financial and accounting decisions and assist in making processes and technology run more efficiently. The benefits of outsourcing high-level finance and accounting functions include meaningful and succinct financials that stem from the fresh ideas, new answers, and strategic input that the experts at OpenTeQ can provide.
OpenTeQ helps determine, construct, and manage a financial path for business success by providing:
- Business projections
- Cash flow planning and predictions
- Clean, accurate financial and accounting data
- Competency in answering financial/accounting questions
- Consultative services
- Development of financial processes and metrics
- Financial management of growth and rebound phases, including acquisitions and expansions
- Strategic direction, forecasting, and solutions
- Streamlined processes
- Tax planning and audit facilitation
- Wealth preservation and wealth creation guidance
- Workflow assessment and mapping
OPTIMIZE YOUR FINANCIAL STRATEGY
The best strategic business decisions are based on information. Let our CFOs take your financial strategy to the next level by improving your business intelligence and reporting, improving weak spots and challenges, and using current performance and industry trends to optimize your financial strategy. The result is a long-term, successful strategy and the systems to maintain it.
RESOLVE CASH FLOW CHALLENGES
Cash flow-related challenges are one of the biggest reasons companies fail. Our fractional CFOs can help If you have high accounts receivable, have money tied up in excessive inventory, often use current project budgets to fund future projects, we can help. Our experienced fractional CFOs will analyze your current cash flow, find areas for improvement, and help implement those changes.
PREPARE FOR & MANAGE GROWTH
Growth is good, but unsustainable growth can be a recipe for disaster. Our fractional CFOs will help put the right systems in place to ensure your growth is healthy and sustainable. This includes strategies for cash flow management, supply chain management analysis, payment terms optimization, financial systems improvement, forecasting, budgeting, and more.
RAISE CAPITAL
Our fractional CFOs have helped raise hundreds of millions of dollars in capital. Let us help prepare documents, oversee due diligence, tap into our robust lending and investing network, negotiate contracts, and more. Not sure what you need or when? Our fractional CFOs will forecast your capital needs (timing and amounts), strategize the best debt-equity mix, and oversee the raise.
PREPARE FOR A TRANSACTION
Are you preparing for a merger, acquisition, or exit? Our fractional CFOs will make sure things go smoothly while ensuring you get the best deal possible for your situation. If you’re not sure where your taking your business and want advice on your options, our fractional CFOs can analyze opportunities, weigh risks and rewards, and help design a plan to get you where you want to go.
FORECASTING & BUDGETING
Our most popular fractional CFO service, financial forecasting and budgeting makes your goals actionable and attainable. Our fractional CFOs will create short- or long-term forecasts and budgets to help create a precise blueprint to help you get from where you are to where you want to go. We have designed hundreds of forecasts for dozens of industries.
OUTSOURCED CFO CONSULTING SERVICES MEET HIGH-LEVEL NEEDS
Outsourced CFO services connect you with hands-on financial experts, who are trained to create continuous improvements in accounting and finance operations so that your company can focus on its core competencies.
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Frequently Asked Questions
A fractional CFO is a financial expert who provides strategic advisory, forecasting & budgeting, systems optimization, capital-raising assistance, or other CFO services on a part-time or project basis. “Fractional” means the CFO works for a single client on a predetermined limited basis, usually working with a small handful of clients at a time. This means the cost is often significantly lower than that of a comparably-experienced in-house, full-time CFO.
A fractional CFO provides high-level financial strategy, systems analysis and design, and operational optimizations. They can also help a company resolve challenges such as cash flow issues, raising capital, solving tight margins, implementing more efficient systems, or preparing for growth.
The rate or cost of a fractional CFO depends on what types of services you need, how many hours per month are needed, whether your services will include support staff such as controllers and bookkeepers, and the term (length in months) of the arrangements. Most of our agreements are 12-24 months to maximize impact, though we do offer shorter term project solutions. Let us put together a proposal for your specific needs by filling out our contact form.
No problem! Our CFOs are great at working with in-house teams to train, implement systems, and elevate strategies.
We pride ourselves in the diversity of our fractional CFOs’ industry backgrounds. With some of the most experienced CFOs in the industry, we specialize in everything from manufacturing, SaaS, communications, construction, medical devices, travel, security, retail, and solar, to education, medical & health services, mortgage, food and beverage, gas and oil, venture capital, and more. Not sure if we fit your niche? Let us know what you’re looking for and we will share our information sheets of the best fractional CFOs we have to fit your needs.
OpenTeQ has full financial teams at the ready to help implement your financial strategies. Whether you’re only in need of a fractional CFO or also need supporting help from an outsourced controller or bookkeeper, we have experts on staff to help.
The main reasons a company chooses to hire a fractional CFO over an in-house CFO are because they can’t afford a full-time CFO hire, they want to maximize experience and value for the cost, they have only a temporary situation (like an audit or capital raise) that they need CFO assistance with, or because they’re ready to take their financial strategy to the next level. Fractional CFOs maximize experience and impact while minimizing in-house cost and commitment.