Fractional Finance Director

Growing businesses need to adapt and respond to rising demands, however may not have the internal resources to maintain rapid growth, leadership expertise or breadth of knowledge.

What is a Fractional Finance Director?

A Fractional Finance Director (FFD) is a seasoned finance professional who offers their expertise to multiple businesses on a part-time or as-needed basis. This arrangement provides companies with the same level of commitment and proficiency as a full-time finance director but requires fewer hours, making it a cost-effective solution.

The Role of a Fractional Finance Director

FFDs are not mere consultants; they are hands-on executives who dive deep into the financial workings of your business. They bring a wealth of experience and a diverse skill set, including:

Risk management
Acquisitions and disposals
Restructuring
Exit planning
Corporate governance

By working with various businesses, FFDs keep their skills sharp and their industry knowledge broad, which can be a significant advantage for your company.

When to Consider an FFD for Your Business

Businesses that may not be ready to commit to a full-time senior finance salary but require top-level financial expertise can greatly benefit from an FFD. They are particularly useful for:

Preparing your business for sale
Assisting with fundraising
Implementing new systems
Improving internal controls

By working with various businesses, FFDs keep their skills sharp and their industry knowledge broad, which can be a significant advantage for your company.

Benefits of Hiring a Fractional Finance Director

Cost-Effective
You get the expertise of a full-time director for a fraction of the cost.
Flexibility
FFDs work around your business needs and timeframes.
Diverse Experience
Exposure to multiple sectors enriches their advice and solutions.
Strategic Insight
FFDs focus on future financial forecasting aligned with your business plan.

Conclusion

A Fractional Finance Director can be a game-changer for businesses looking for financial leadership without the full-time expense. Their strategic input and financial acumen can steer your company towards growth and success.