Roles of Fractional CFOs

Fractional CFOs can be classified into three main roles based on the nature of their work: contractor, consultant, and coach. Contractors typically provide on-site financial leadership for clients by serving one to two days per week. Consultants focus on solving specific problems through unique, challenging, and one-off tasks like ERP implementations and treasury management. Coaches offer ongoing support and guidance to CEOs and CFOs, focusing on personal and professional development. These distinct roles cater to different business needs, with the majority of work often falling under the consultant and coach categories.