Different Type of NFL Draft: How to Find a CFO Service
During this time of year, there is often a lot of discussion about the NFL draft. Avid football fans get excited about the picks for their favorite team, and it is a fun time to make predictions about how the season will play out based on the new lineup. This year, one new hire wasn’t noticed by many of the fans though: the Miami Dolphins hired a new chief financial officer, Chris Clements.
As with any company, an NFL team is a business, which means that they need to find a CFO service to help with managing the books and cash flow. Many companies choose to hire a full time CFO, like the Miami Dolphins did. But, there are other options as well, and one growing trend is to find a CFO service which allows you to benefit from the expertise of a CFO without hiring them as an internal employee.
Advantages of a CFO Service
One of the biggest advantages to using a CFO service instead of hiring someone independently is the fact that you will save a substantial amount of money. By outsourcing the CFO position, you can save money on high salaries, recruiting fees, payroll taxes, and health benefits. These costs can really add up over time, which can have an impact on the cash flow of the company.
Some of the CFO tasks can be handled by other executives in the company, because their responsibilities overlap with the responsibilities of other employees. So, if you are looking for a way to save money, then you can have other executives handle those responsibilities, and then hire a part-time CFO service to handle the financial discipline of the company.
Why a Skilled CFO is Important
Saving money is important, but it is even more important that you don’t sacrifice the success of your company by neglecting the financials. When you find a CFO service, you can have the peace of mind to know that you are working with an experienced executive, who can help with tasks such as financial planning, strategic cash flow decisions, reducing expenses, increasing profit, and overall improvement of the financials of your company.
GoodAccountants.com has a variety of CFO professionals for you to choose from, contact us today and we will help you to find a professional that matches your needs.