Scale and Grow with Strategic Financial Management
CFO Value for a Fraction of the Cost
At Westport Financial, we focus on improving cash flow and profitability and creating a strategy for long-term business success. From creating Mergers and Acquisitions (M&A) to working with lenders, forecasting and budgeting, or financial reporting, our fractional CFO services help your organization improve performance. Every business and industry is different, but we follow a core set of best practices to help you increase cash flow.
Small Business CFOs serve multiple roles, from developing banking relationships, negotiating contracts and prices, and controlling the daily finances. Fractional CFOs can cover high-level strategy while executing daily accounting and operations work. The outsourced CFO helps guide the organization without financial disaster as businesses grow and change.
Benefits of Hiring A Fractional CFO
Westport Financial CFOs help business owners and management teams achieve their goals. We take your numbers and financial statements and create easy-to-understand reports and recommendations to improve performance in real-time. Our team understands what banks, investors, and internal managers need to see. We allow business owners to free up their time and focus on their business.
Time-saving:
Offload finance, accounting, and cash flow management to focus on your core business.
Simplified Forecasting:
Expert fractional CFOs simplify complex forecasting and provide accurate financial projections.
Strategic Guidance:
Receive financial guidance during market expansion or business plan pivots.
Equity Partner Evaluation:
Fractional CFOs assess financial implications and ensure transparency for equity partnerships.
Effective Capital Management
Fractional CFOs assess financial implications and ensure transparency for equity partnerships.
Cash flow optimization:
Analyze cash flow, implement strategies for improved liquidity and working capital.
Debt Management Expertise:
We can help restructure debt financing, inject new sources of capital, and reduce the overall debt burden.
Access to networks:
Tap into valuable professional networks for partnerships, funding, and industry insights.
Mergers & Acquisitions (M&A) Support:
Conduct financial due diligence, assess valuation, and assist in negotiation and integration processes.
Tailored Financial Solutions
Get customized financial guidance aligned with your specific business needs.
Here to Help
At Westport Business Management, our Fractional CFO services modernize your accounting and financial decision-making through tailored programs. Cash flow management is critical to your success. We implement KPIs and systems to track results and make real-time changes. From new M&A opportunities to improving margins, we are committed to your success.
Strategic Financial Management for Our Clients
CFO Advisory Services in strategic matters for expansion, M&A, and corporate transactions
Full-time support for less costs
Cash flow management through treasury services, 13-week forecasting, and payroll administration
Regular meetings to review financials and forecasts
Maintaining relationships with banks, lenders, and investors
Strategic Planning and Execution for 3 and 5 year goals
Commonly Asked Questions About Fractional CFO Services
A fractional CFO is an experienced finance executive who works with your business on a part-time or contract basis, providing high-level financial strategy, planning, and advisory without the cost of a full-time CFO.
Fractional CFOs help integrate visionary plans into tangible results. Your dedicated CFO will improve profit, cash flow, and return on investment (ROI). With a fractional CFO, your business becomes data-driven from marketing budgets, pricing decisions, and headcount planning. Strategic planning, cash flow management, and working with banks or lenders are just some benefits of a finance officer.
Our fractional CFOs have expertise in technology (SaaS), home services (trades), professional services (consultants), manufacturing, e-commerce, and logistics (transportation) industries. Most of our clients are service-based industries, including HVAC, plumbing, construction, moving services, lawn care, and professional services businesses.
- Strategic Planning and Execution
- Project Management
- Enterprise Performance Management
- Cash Flow Management
- Investor and banking relations
- KPI development and monitoring
- Budgeting and variance analysis
- Forecasting and Planning
- Oversight of internal accounting program
While bookkeepers and accountants manage daily financial records, a fractional CFO provides high-level financial strategy, guidance, and forecasting to support business growth and financial health. Accountants are more concerned with the past and accurate financial reporting. The CFO oversees the accounting function so he or she can focus on short-term liquidity, budget allocation, and opportunities to accelerate cash flow.
If your business is experiencing cash flow issues, rapid growth, seasonal fluctuations, or preparing for fundraising, acquisitions, or major financial decisions, a fractional CFO can be invaluable.
We tailor our services to fit your business’s unique needs, offering flexible engagement models such as project-based work, ongoing advisory, or interim CFO roles.
Meetings are typically scheduled weekly or bi-weekly, but we customize the frequency based on your needs, providing regular updates and insights through reports and dashboards.
Our pricing depends on the scope and frequency of services. We offer transparent, flexible pricing to ensure businesses of all sizes can access high-quality financial expertise. CFO firms typically charge over $100/hour, but at Westport, we offer fixed-fee options to maximize your value.
While some improvements can be seen within the first few weeks, sustainable financial transformation typically takes 3-6 months with ongoing engagement. For example, within a few weeks, we can identify issues with your margins hurting cash flow and implement quick victories to accelerate cash flow. Sustainable results felt throughout your organization require consistent accountability and project execution.
Yes, we assist in preparing financial statements, forecasts, and pitch materials and can connect you with lenders, investors, or other financing options. We work with you every step of the way to negotiate the best terms and conditions for your situation.
We use secure, cloud-based platforms and follow best practices to ensure your financial data is handled with the utmost confidentiality and compliance. All of our applications require 2FA and are SOC2 compliant.
Our CFOs are experienced with platforms such as QuickBooks, Xero, NetSuite, and other accounting tools, and we integrate with your existing systems to streamline operations. We work within your current system while bringing our custom tools to transform your business.
We begin with an in-depth financial analysis to understand your current situation, identify key opportunities, and align on goals. From there, we implement strategies to achieve sustainable growth. Depending on the scope of work, onboarding typically ranges between 30 and 90 days.
Business Management Check Up
Download Our New Business Checklist
Facing audits from corporate, federal, or independent sources is a daunting task for any business, big or small. Our comprehensive checklist goes beyond just financial audits, covering essential domains like Accounting, Finance, and HR. If your business faces challenges in these areas, our checklist serves as a quick guide, and we also offer specialized advisory and support services to help you navigate through them effectively.
