What is a fractional CFO, and why are they hired?

A fractional CFO is a part-time chief financial officer hired by companies that need expert financial guidance but don't require or can't afford a full-time executive. These professionals handle everything from budget analysis and risk management to strategic planning, often stepping in during periods of significant growth or transition. They provide valuable insights and strategies to improve financial health, ensuring companies make informed decisions without the overhead cost of a full-time CFO. If you're in Asheville, NC, and looking for professional fractional CFO services, consider reaching out to Asheville Business Fundamentals & Finance to elevate your financial strategy.