Short answer? Yes. I’m sure every business will benefit from having a CFO to oversee accounting and finance. These top-tier financial advisors help keep all your accounting and reporting up to date, as well as provide helpful financial tips and strategies to keep your business running and meet margins.

But paying $200,000 a year for a full-time CFO consultant can be much more than many smaller companies, such as client companies, can reasonably spend. But before you get the chance to hire these helpful consultants, did you know that part-time CFO services are making dedicated, involved financial analysis available to every company? With the ability to pay for a CFO on an as-needed basis, there’s no reason why you can’t take advantage of all of their knowledge and skills.

Finance directors supervise accounting staff and sometimes controllers as well. They make sure that all your accounting operations are in order and now they play a more important role than ever in the planning and direction of the business.

In fact, a CFO consultant offers many additional benefits:
• Financial strategy, such as the development and execution of any new or existing plans.
• Contingency planning to help you safely navigate any weak markets and customer demand crises before they occur.
• Business analysis to identify any potential issues that need to be corrected if you want to get your margins back in line.
• Business planning to help you meet or set long-term goals, as well as forecasts to help with planning.
• Valuable information that can challenge the way you see your business and help you grow.
• Extensive knowledge with other companies that will make them ask the right questions to think about, as well as what strategies have been proven to work.

Part-time CFO services can give you all of these benefits, but only for the hours you need. Whether it’s just a few days a week or even a month! They can be in office regularly enough to make sure everything runs smoothly and your financial operations are in order without you paying a full-time CFO consultant salary.

Their easier on and off also makes them the perfect resource to keep things running while your current CFO is away or if you’re looking to hire the right CFO on a full-time basis. Many part-time CFO services offer interim CFOs to fill these small gaps so you don’t have to worry about your financial operations falling apart while your current CFO is on medical leave or looking for a new one.

You can also bring them in to temporarily lead projects where the rest of your staff is too busy. Is there a big sales opportunity coming up but all your workers are too busy or inexperienced to help? A short-term CFO can get you out the door and you only need to be paid for as long as you need it. Along with that, their more temporary or part-time status also makes them much easier to fire compared to a full-time paid CFO consultant.

So if you’ve felt your financial operations need help, or you want the advice of a trained professional, a part-time CFO might be right for you. And with the ability to hire them on an as-needed basis, there’s no reason why your business can’t have the same edge as the big boys.