CFO Services / Outsourced CFO Career Path?

ThatOtherGuy's picture
Rank: King Kong | 1,367

This was something I've been wondering about for a while and I don't think I've seen a related topic on this yet. Does anyone have experience with working for an outsourced CFO services firm? I see them used often for early stage companies and it seems pretty interesting. Sometimes they even end up just onboarding and becoming CFO of the company they're working with. I've even seen virtual CFO services so some of them let you work remotely!

If anyone has context on breaking in this field, what the work is actually like, and exit ops I'd greatly appreciate.

Comments (4)

Jul 12, 2018

ThatOtherGuy, way too quiet in here. What about these resources:

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You're welcome.

Jul 17, 2018

Bump

Jul 17, 2018

There is a local outsourced CFO organization here in my local market that works with many of the early stage companies. My take on it is that they are glorified book keepers more so than owning the finance organization within the Company. I could be wrong because I have never actually worked with one but I feel as though they named their services as "outsourced CFO" to make it sound a bit more important than it really is. At the end of the day early stage company's can't bring accounting and finance functions in house so it's easy money.

I do think you are right in one respect though, and that is around the fact that you would obviously learn the business fairly well which could allow you to transition into the Company.

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Mar 3, 2019
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