Construction Fractional CFO Services

Under an outsourced setup, you're partnering with a third-party firm to perform your CFO function. Their work (which supplements your current accounting and finance teams) includes strategic planning for long-term growth, oversight of financial statement preparation, managing cash flow through reporting and monitoring, and tracking KPIs to catch issues before they grow into bigger problems. They can also assist with bonding and surety concerns, handle communication with your lenders, investors and board, and guide your in-house finance team.

The long-term success of your company comes down to increasing its value by taking on new (and bigger) projects and building your book of business. This requires informed, insightful decisions on job costing, cash flow, inventory, operational efficiency and more. You need sophisticated expertise beyond routine accounting work to make these decisions wisely.

When you outsource CFO services, you get more than one person for the work. You have an entire team at your disposal, one with experience in not only accounting but also tax and assurance work. This gives you a broad range of knowledge informing the strategic decisions to be made.

Hiring a team also means bench strength. If an in-house CFO is on vacation or suddenly leaves your organization, who will do their work? With fractional CFO services, there’s always someone ready to jump in if a team member is unavailable; you experience no interruption of service.

Finally, fractional CFO providers work with a wide range of organizations. They see a variety of scenarios, challenges and goals and provide solutions for all of them. This means they can bring more ideas to the table when helping you.

In addition to the high-level fiscal expertise needed for CFO work, James Moore has a team of financial professionals dedicated to the construction industry. We work with clients like you every day, and we maintain memberships in organizations like CICPAC and the CFMA. This gives us a unique combination of high-level financial expertise and crucial industry knowledge.

We understand the cyclical nature of a construction business, its complicated financial reporting requirements, and the confusion that can arise from industry tax rules and strategies. These all need to be considered when strategizing for long-term growth; hiring any old financial professional won’t do the trick.

We start with an assessment to review your financial statements, cash flow picture, budgeting, business processes and operations. During this time we’ll identify your most pressing challenges and help you set financial goals. After that, we’ll have regular meetings with you to monitor KPIs and goal progress, identify market trends, continue regular reporting, and more. How often we meet and perform analysis depends on how much help you want or need.

We offer our services primarily via monthly plans, which are tiered according to how much work you’d like for us to do. A la carte services are also available for a truly customized experience that suits your needs.

No problem! The vast majority of our work can be done remotely. We do like to visit you on a regular basis to touch base, see how things are going and better detect trends that need addressing. But the day-to-day (and even monthly) work can easily be performed from our respective locations.