Phoenix Fractional CFOs

Find a seasoned Fractional CFO in Phoenix to meet your business requirements effectively.

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Need a Phoenix-based Fractional CFO?

At McCracken's Fractional CFOs, we are dedicated to supporting Phoenix's business community. Our personalized services provide adaptable support tailored to your unique business needs, ensuring you receive the expertise and guidance necessary to thrive in today's competitive market.

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Do I need a Phoenix Fractional CFO's services?

Fractional CFOs in Phoenix provide a flexible and efficient financial support. Businesses can get help without committing to a long-term, full-time hire, ensuring cost-effective and adaptable support for their financial needs.

Education

Our Fractional CFOs in the education sector excel at delivering tailored financial guidance. They understand the unique financial challenges faced by educational institutions, offering customized solutions to support schools, colleges, and educational organizations.

Leisure and Hospitality

Fractional CFOs play a crucial role in the Leisure and Hospitality sector, providing specialized financial guidance tailored to the unique dynamics of this industry. With deep understanding and expertise, they offer businesses in this sector customized solutions to navigate financial challenges and optimize performance.

Growing Businesses

Fractional CFOs play a crucial role in driving business growth. They use their financial knowledge to provide valuable advice, analyze information, create plans, and develop strategies to help companies expand. Their insights promote wise financial choices, efficient resource use, and lasting success.

Major Corporations 

Major Phoenix corporations with full-time CFOs can benefit from Fractional CFO services for specialized projects and expertise. Fractional CFOs provide targeted support, partnering with these corporations to meet specific needs and utilize their specialized skills and knowledge.

Benefits of a Fractional CFO

Why hiring a Phoenix Fractional CFO is a Great Option

Fractional CFOs provide you with the experienced perspective needed to address challenges and discover new opportunities in finance and throughout your company.

Financial Reporting

Accounting methods are assessed and refined by fractional CFOs to ensure accuracy, compliance, and efficiency. Their knowledge introduces best practices, streamlines processes, and improves overall functions, resulting in more reliable reports for better decision-making and a clear picture of financial status.

Advisory

Fractional CFOs offer essential company advisory services by providing specialized insights into challenges and growth opportunities. They provide solutions that are in line with company objectives, assess financial impact, and aid in strategic planning. Their knowledge propels growth and adds value to your business.

Cash Management

Fractional CFOs solve cash flow problems by analyzing your company's financial activity. They identify areas for improvement, improve cash flow forecasts, track funds, and improve working capital management. Their knowledge guarantees improved cash flow, operational liquidity, and informed decision-making.

Financial Planning & Analysis

Fractional CFOs improve FP&A by emphasizing alignment, accuracy, and efficiency in forecasting, budgeting, and analysis. Their expertise identifies areas for improvement and applies best practices to improve FP&A tasks. Their insights provide businesses with a clear perspective, allowing them to make more informed decisions.

Frequently Asked Questions

How do I ask a CFO to do something when I don't know what needs to be done?

You don't know what you don't know, which makes it difficult to ask for help in areas where you are not sure what the improvements are or if they're even needed. We will commonly perform an assessment of your organization's finance function at the start of any engagement. It is the CFO's job to inform the CEO about both what is needed from a finance perspective as well as where finance can contribute additional value to the overall vision of the company.

How many hours does a Fractional CFO work?

Fractional CFOs work a flexible number of hours based on the changing needs of the business they serve. This could be a few hours a month up to 10 or 20 hours a week.

What if I don't know how often I need the Fractional CFO?

Fractional CFOs are used to working flexibly and on-demand. This means that you may need them close to full-time for a few weeks before converting to a low number of hours for ongoing guidance. Your business may not need the full-time support of a CFO, but having fractional guidance to support your controller and advise your CEO can be an invaluable asset in creating company strategy.

When does a startup need a fractional CFO?

A startup can benefit from the council of a seasoned industry CFO from day one, but realistically the startup won't have demands on their finance and accounting function that warrant the involvement of a CFO until they've raised seed capital. Preparing for future rounds of funding is just one of the many areas that a fractional CFO can add value to a startup.

What to look for in a fractional CFO?

A fortune 500 CFO may not make the best fit in a startup environment. Similarly, a fractional CFO with a background in telecommunications is unlikely to have the expertise needed in a healthcare organization. A CPA can be a great credential to find in a CFO, but not every company will need a CFO with a heavy background in accounting. Circumstances vary for each company depending on the stage and needs of the organization.

What should a fractional CFO do at a company?

A fractional CFO's involvement depends greatly on the stage and needs of the organization. In smaller companies, the fractional CFO may personally take on a broad set of responsibilities, including managing the books, negotiating contracts, and more. In a larger company, the fractional CFO may oversee and guide the controller who manages the accounting function as well as other leaders in the finance function.

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