Fractional CFO Services
Get valuable financial oversight from a company that’s implemented QuickBooks & ERP systems within thousands of businesses. We’ll help you better understand the systems, processes, numbers and everything in between.
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A CFO That's With You From Startup To Enterprise
Growing businesses often reach a point where they need professional financial advice, but cannot justify the cost of hiring a full-time Controller or CFO. If you’re fortunate enough to be in this position, then hiring an outsourced Fractional CFO service may be a great solution. Fourlane has a team of experienced professionals who have years of experience serving as CFOs and controllers for both private and non-profit organizations of all sizes and industries. You’ll benefit from the expertise of our entire team, with a dedicated point person to dive deep into the numbers on a regular basis.
- Liaison with bankers, attorneys, vendors, insurance agents, etc.
- Assistance in obtaining financing from banks, including assistance with negotiations.
- Cost / revenue benefit analysis & profitability analysis.
- Training and managing your accounting staff including development of company accounting procedure manuals.
- Software selection and implementation - Experts in QuickBooks and ERP systems such as NetSuite and Acumatica.
- Most noteworthy, improve your financial forecasting and modeling.
- In-depth financial analysis and reporting with improved quality and timeliness of financial information.
- Custom designed collection policies and procedures.
- Budget preparation, reporting, & monitoring.
- Analysis of equipment purchases, expansions, etc.
- A professional who establishes strong financial controls in your business to reduce employee theft and increase profits.
- Manage the especially cumbersome duties of treasury / cash management.
Your Own Personal CFO
We help drive growth through experienced leadership and financial guidance tailored to your business.
Future Focused Planning
Get assistance with both short-term and long-term planning, goal setting, and removing barriers to meet those goals.
Advice From Experience
Have an expert in your corner to help you make strategic business decisions like hiring, equipment upgrades, and spending reduction.
Training Made Easy
We specialize in training and business process creation that can help your entire team work more efficiently.
Manage Financial Relationships
Offload your meetings with banks, insurance agents, attorneys, and other vendors. Outsourced CFO services can help to negotiate the best rates.
Hold Your Team Accountable
Stop being the "bad guy" and bring in fractional CFO services to manage goal setting and discuss shortcomings in sales and operations.
Best Practice Processes
Bring years of best practices on accounting and financial reporting to your team. Move your business from "what we've been doing" to "what the best businesses do."
QuickBooks and ERP Software Experts
Fourlane has helped thousands of clients implement QuickBooks and ERP systems since 2009.
QuickBooks Expertise
There are no cookie cutter QuickBooks implementations at Fourlane, which is why we’ve been Intuit’s #1 QuickBooks Solution Provider every year since 2010. Every client, business, and project is unique. We help with every aspect of QuickBooks, including system design, cleanup, data conversion, custom development, business process, workflow, integration, custom reporting and more.
ERP Expertise
Fourlane is just one of a small handful of firms that have bridged the gap between QuickBooks and ERP systems. Most firms in the ERP space are either IT or accounting focused but don’t understand the system AND the financial piece – we know both and can help. Fourlane resells, implements and supports NetSuite ERP and Acumatica ERP solutions.
Fourlane DRIVETM
At Fourlane, we have a proven client engagement process that helps ‘drive’ long-term success.
1. Discover
We begin by understanding your systems and current processes to discover root issue and potential challenges.
2. Right Fit
Receive open and authentic communication from our team on which products are right for you.
3. Inform
Our comprehensive and informative project scoping process is designed to eliminate any potential roadblocks.
4. Vision Implementation
Your project commences with the end goal of getting the right data to make informed business decisions.
5. Endless Execution
Our ongoing review of systems & output to ensure processes are being followed and your investment is being executed.
Industry Experts
A CFO That Understands Your Business & Industry
Fourlane’s Fractional CFOs have worked with thousands of businesses within virtually every industry to help tailor financial systems to fit the unique needs their industry requires. Whether you run a small retail store, an international manufacturing business, a residential construction company, a law firm, a software company, or a fast growing nonprofit, we’ve seen it, done it, and can help.
- Accounting & Finance
- Advertising & Marketing
- Agriculture
- Biotech & Pharmaceuticals
- Computer / IT Services
- Computer Software
- Construction & Contracting
- Distribution & Wholesale
- eCommerce
- Education
- Energy / Utilities
- Engineering
- General Business
- Government
- Healthcare / Medical
- Health & Beauty
- Insurance
- Legal
- Logistics / Transportation
- Manufacturing
- Media / Publishing
- Nonprofit
- Professional Services
- Real Estate
- Restaurant / Hospitality
- Retail
- Telecommunications
Customer Story
Fourlane implements QuickBooks bookkeeping best practices and training for internal operations at Net Friends
Net Friends is a managed Information Technology (IT) service provider, with a growing team of expert IT Consultants. With the exit transition of their long-time financial controller, the Net Friends leadership team saw an opportunity for strategic reset: to organize and streamline internal finance operations with clarity and future growth in mind.
Unbiased Advice on Your Financial Systems
Our professional services firm is committed to helping our clients grow their businesses through smart software decisions. We understand that every business is unique, and we work with a variety of software to create bespoke solutions tailored for growth.
What separates Fourlane from other firms is our aim to help your business use the right software, not the most expensive. Our expertise comes from our team’s collective experience, working in-house and with outsourced technology and accounting partners.
We advise based on your business goals, growth trajectory, and budget, and we are available for assistance as long as you need us.
Outsourced CFO
Signs Your Business May Need Fractional CFO Services
- Company leaders spend 4+ hours each week crunching numbers or preparing financial reports
- Your team often references reports you don’t have that would help you make better decisions
- There is no clarity on your tax liability.
- More than 5,000 invoices are processed each year.
- You have more than 500 SKUs in your inventory
- Growth is occurring at a rate faster than 15%
- OR it seems like your growth has stagnated and you’re not sure why or how to fix it
- There is consideration of taking on outside investment or changing the equity distribution of the company
- As a result, you’re having trouble sleeping.
What Our Clients Are Saying
Fourlane is a stellar organization as a whole. They are in it for the long haul and it shows. They positively revolutionized our entire accounting process. They’ve been very patient in the planning phase of our new ERP system. We’ve entrusted Fourlane with the future of our business and it’s been the best move we’ve made to date.
Gemma Goeas
We have been working with Fourlane for over three years now. They are wonderful and a pleasure to work with. They have improved our inventory management and month-end process tremendously!
Jonathan Miller
My Quickbooks company file was enormous, with some data corruption, so we needed to migrate to a new file. Fourlane had the expertise, tools, and friendly staff to get us set up with a new file, keeping important data, and purging the old data, all with minimal downtime. I put my company’s future in Fourlane’s hands, and they delivered!
John Costelli
Fourlane helped us convert from NetSuite to Quickbooks. I’m very impressed with the professionalism and competency of everyone at Fourlane, without exception. Fourlane is extremely knowledgeable and helpful. We had a short deadline and Fourlane in to make sure we were able to meet it, as well as to patiently explain the process.
Jim Roundtree
Join thousands of businesses who trust Fourlane with their books
Regardless of your situation, you need experts to monitor your finances and transactions. With the right CFO by your side, you’ll appreciate the efficiency and cost savings from optimizing your financial and business processes.
FAQs About Fractional CFO Services
A Fractional CFO is a financial professional who provides part-time CFO services to multiple clients. They offer strategic financial guidance, budgeting, forecasting, and other CFO-level responsibilities without being a full-time, in-house employee.
Businesses may opt for Fractional CFO services to access high-level financial expertise without the cost of a full-time CFO. This is especially beneficial for small and medium-sized enterprises (SMEs) that may not require a full-time CFO but still need strategic financial advice.
Fractional CFOs typically offer a range of services, including financial analysis, strategic planning, budgeting, forecasting, cash flow management, financial reporting, and advising on financial decisions. The specific services can be tailored to the needs of each client.
A Fractional CFO works on a part-time or project basis, providing services to multiple clients. In contrast, a traditional CFO is a full-time, in-house executive responsible for the financial strategy of a single company. Fractional CFOs offer flexibility and cost savings.
Businesses often consider hiring a fractional CFO when they need strategic financial advice but may not have the budget or workload to justify a full-time CFO position. It’s common during periods of growth, fundraising, or financial restructuring.
Confidentiality is a crucial aspect of Fractional CFO services. Professionals in this role are bound by confidentiality agreements, and they understand the importance of safeguarding sensitive financial information. Clear communication and trust are key components.
Yes, fractional CFO services are particularly beneficial for small and medium-sized businesses that may not have the resources for a full-time CFO. It allows them to access high-level financial expertise on a flexible basis.
Fractional CFO services are cost-effective compared to hiring a full-time CFO. Businesses can pay for the specific hours or services they need, reducing the overall financial burden.
Yes, many Fractional CFOs are experienced in fundraising, financial strategy, and dealing with investors. They can assist in creating financial projections, preparing for funding rounds, and developing strategies to optimize financial performance.
Communication is key to successful integration. Clearly define roles, responsibilities, and expectations. Provide access to necessary information and team members. Regular updates and meetings will ensure that the Fractional CFO is aligned with the business’s goals.
Fractional CFO engagements can vary in duration. Some may be short-term for specific projects, while others may be long-term depending on the needs and goals of the business.
