The difference between an Interim CFO and a Temporary CFO is an Interim CFO is on site working your business schedule acting in the capacity of CFO until a permanent CFO is found. A Temporary CFO is where you contract for agreed upon CFO services usually on a monthly basis. Those services are in lieu of a current plan to hire a permanent CFO.
Generally, companies smaller in size having an in-house qualified accountant or controller, will experience a significant value-added benefit by contracting with an expert to provide CFO services on a temporary basis. The time required is dependent on the strength of current staff, systems and procedures. Where current resources are deficient, the temporary CFO will fix those deficiencies and then the time required longer term is reduced. Temporary CFO services can be highly beneficial to the owner and management team as they have access to an expert who will help the business without having the payroll expenses including benefit expense of a full-time experienced professional.
Interim CFO Services
The work of a Interim CFO generally follows the financial control modules of The Profit System. The difference is that an Interim CFO will make day to day decisions as opposed to a consultant who guides management in decision making. Interim CFO services are very valuable when management is finalizing the definition of the scope of the CFO position, the experience required and the management style of the person being recruited. Interim CFO services are very valuable in the event the current CFO will be away for an extended period of time. It can also be valuable when a business knows it is or will be involved in major event that will change the requirement of the CFO position. For example, relocating the business or being part of a merger or acquisition that is being negotiated are events that can change the requirements of the CFO position.
Selection and Benefit To You Company:
, President of Exec Net Consulting is a CPA and MBA with extensive experience as a CFO, business owner and consultant who has helped a large number of companies improve their performance. The value in considering Steve for your Interim or Temporary CFO requirements is that you receive the benefit of all the programs that are used during The Profit System business consulting project. Finally, you will be dealing with Steve direct and not an agency.
Please call me at 727-587-7871 to discuss your business and how I might help you with your Interim CFO or Temporary CFO requirements.
Steve Pohlit, President
Exec Net Consulting
"No Reports - Just Results"