When Should You Consider Hiring an Interim CFO?

When Should You Consider Hiring an Interim CFO?This week’s article is by Howard Goldman, Partner, CFO Edge, LLC.

In this second article in our series on scenarios and benefits of a Project CFO, an Interim CFO and a Part-Time CFO, we explore situations when you should consider hiring an Interim CFO.

While a Project CFO tends to focus on a clearly-defined project, an Interim CFO (sometimes also referred to as a Temporary CFO) is frequently engaged when a sitting CFO has left the organization or when a sitting CFO needs additional high-level financial expertise or bandwidth to help the organization complete a significant event or transaction.

Reviewed in this week’s full PDF…

When Should You Consider Hiring an Interim CFO?

…are Interim CFO descriptors for skill sets, focus and duration of presence, as well as the benefits of bringing in an Interim CFO.

A former enterprise CFO acting in the role of an Interim CFO or Temporary CFO brings both high-caliber financial leadership skills and authoritative financial solution expertise.

An Interim CFO can provide financial and operational guidance to the executive management team; communicate with investors, lenders, vendors and other stakeholders; and assist in recruiting and training the new full-time CFO.

Los Angeles and Southern California executives who are looking at the best way to maintain continuity in financial leadership after the departure of a CFO can realize significant benefits by bringing in an Interim CFO.

This is the second in a series of three articles on the types of outsourced CFOs. Following are links to the other two articles in the series:

When Should You Consider Hiring a Project CFO?
When Should You Consider Hiring an Interim CFO? – (This article.)
When Should You Consider Hiring a Part-Time CFO?

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