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The Chief Financial Officer (CFO) plays a pivotal role in the day-to-day running of a business. Among other things, it’s the CFO’s responsibility to ensure the business finances are utilized properly and the company is financially stable. This often means managing the company’s budgets, forecasts and cash flow, ensuring a return on investment, and, in the grand scheme, helping the business maintain sustainable growth in line with its goals and objectives.
Most small and medium-sized businesses are not able to hire a permanent, in-house CFO. That’s where CFO outsourcing comes into play. An outsourced CFO is an independent financial expert who lends its services to outside companies at a fraction of full employee costs.
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