When to Have a CFO
A company should consider hiring a CFO when it reaches a certain level of complexity and ambition in its business strategy. Typically, this occurs when the company is in a rapid growth phase, seeks international expansion, plans a merger or acquisition, or faces significant financial challenges. The CFO plays a crucial role in the strategic financial management of the company, providing guidance and leadership to ensure financial health, make informed decisions, and maximize shareholder value.
CFO as a Service
CFO as a Service (CFOaaS) is a financial consulting model by CLM Controller that provides the benefits of a part-time or on-demand Chief Financial Officer (CFO) instead of hiring a full-time CFO, allowing access to high-level financial expertise and strategic experience until you are ready for your next significant growth phase.