The outsourced CFO buyers guide

Your guide for finding outsourced CFO services specializing in everything from financial strategy to raising capital
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What is an outsourced CFO?

An outsourced CFO provides high-level finance strategy, accounting and operating guidance for your business. Outsourced CFOs typically have strong backgrounds in corporate finance, and can assist in resolving business challenges like cash flow constraints, raising capital, improving operating margins and investing in growth.

Benefits of outsourced CFO services

Immediate impact: Hiring a full-time CFO can take months. Hiring an outsourced CFO enables you to have support for key activities like high-level finance and operating strategy in days rather than months. If you’re in immediate need of CFO support, an outsourced CFO can be a great option.

Business insights: Outsourced CFOs typically have experience across multiple businesses and industries. When you hire an outsourced CFO, they bring this expertise with them. An outsourced CFO will bring a fresh perspective to your business, and bring unique insights with them.

Raising capital: Raising debt or equity capital is an arduous process for most businesses. The process involves gathering and presenting a significant amount of financial information to potential investors, which can distract away from your business’s core competencies. An outsourced CFO alleviates this issue for a business owner.

Cost-effective: An outsourced chief financial officer (CFO) may be a more affordable option than a full-time CFO if your business is looking to conserve costs. If you’re only in need of 10-25 hours per week of CFO support, an outsourced CFO may be a great option for you.


What services does an outsourced CFO offer?

Outsourced CFOs typically offer a variety of services, including financial modeling and analysis, budgeting, capital raising, improving cash flow and cash burn, and designing strategies aligned with your company’s strategy.

How much does an outsourced CFO cost?

Most outsourced CFOs cost $1,000 - $10,000 per month, depending on the level of experience and time commitment your business requires.

How large does my business need to be to work with an outsourced CFO?

Many businesses fail due to poor or negative cash flow management so it's never too early to consider hiring an outsourced CFO. CFO’s can help guide your financial decisions at any stage of the business from startup all the way to a large publicly traded corporation.

Should my startup or small business outsource the CFO function?

Depending on your size and needs, outsourcing the CFO function may be beneficial to your business. If you are an owner or founder who is handling CFO responsibilities in addition to day-to-day operations, outsourcing to financial professionals who are experts in their fields will afford you time to focus on other areas of the business that need your attention.

What services does an outsourced CFO offer?

Ramp partners with firms that offer outsourced CFO services. Click here to see a list of outsourced CFO firms that might be a good fit for your business.

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