Accelerate your profit with personalized CFO services

Strategic growth should be available to all companies. We tailor our chief financial officer (CFO) services to meet your needs and budget—whether you’re a $1 million business or topping $20 million.

Cfo

What Does a CFO Do?

CFO stands for “chief financial officer.”

A CFO has a single focus: Make your organization more valuable to shareholders and increase the return on your business. This means more cash, more profit, and more opportunity for your company.

CFOs accomplish this by forecasting cash flow, optimizing cost centers, managing corporate capital accounts, and employing other high-value processes.

Common CFO services include:

  • cash flow forecasting and management
  • break-even analysis
  • budget-to-actual reporting
  • debt planning and reduction
  • labor cost management
  • raising capital
  • variable vs. fixed expense reporting

Ignite Spot CFOs do all of the above and more. The business leaders we partner with rely on us for setting goals, understanding how their businesses perform against those goals, and making strategic financial decisions with the future in mind.

Ryan Steck Circle

Ryan Steck, CPA

Director of CFO Services

Watch Our CFO Services In Action

What will my CFO do

 

Ignite Spot’s personalized CFO services hone in on the #1 thing that will move the needle of your business. Whether it’s building a hiring strategy, getting shareholder funding, or growing to $10 million or more, your CFO will uncover the tactics needed to meet your business goals.

marketing-vision-icon

Plan Your Future

One of the most common tools your small-business CFO will reference is a cash flow forecast. This tool helps you and your strategic team understand what could happen in the future based on the decisions you make today.

budget-balance-icon

Monitor Business Performance

Once a plan is in place, you’ll want to know how well you’re tracking to it. We all know how vital budgets are, but they don’t always get used. Your CFO can help get your budget in place and then analyze your company’s performance against it.

statistics-icon

Control the Storm

For businesses on the verge of a cash crunch, knowing your game plan is crucial. Every business faces hard times, and if that ever happens to you, your CFO can help you dig deep and control the excess.

loan-money-icon

Build Your Team

When is the right time to hire? Is my staff operating efficiently? Am I overstaffed? Can I afford to give someone on my team a raise? Your CFO can map your staffing needs to create a scalable solution.

money-growth-icon

Grow Your Wealth

The secret to growing wealth is controlling your fixed and variable costs. With variable vs. fixed expense reporting, Your CFO will identify opportunities to cut back and spend more in ways that further your business goals.

strategic-plan-icon

Manage Debt

Your CFO will help you optimize your liabilities. If you have debt because your company has seen hard times, your CFO will create a reduction plan to get your business back on top.

Get a FREE CFO Session

FAQ About Our CFO Services

Got questions about our outsourced CFO services before you get started?
Here are the most common questions we get.

faq

 

What Qualifications will my CFO have?

All members of our virtual CFO team must have the following credentials:

  1. Certified public accountant (CPA) licensing
  2. 7+ years of experience in accounting-related work
  3. 3+ years of public accounting experience
  4. 3+ years of experience leading full accounting teams
  5. Master’s degree in accounting or taxation
  6. QuickBooks Certified ProAdvisor status

What's the difference between an accountant or bookkeeper and a CFO?

Your accountant or bookkeeper deals with what’s happened in the past. They track spending, income, and historic trends.

A CFO is the only financial expert who predicts the future of your company’s finances. They analyze your financial data to determine where your business is going and how your actions impact your wealth months and years later. Business leaders use a CFO’s expertise to make strategic financial decisions and drive toward their goals.

Do I Need an Accountant and a CFO?

Yes. Your CFO is useless if they don’t have complete and accurate financial data to work from. You need a good accountant or bookkeeper to collect, manage, and ensure the quality of your business’ data so your CFO can better forecast your financial future.

How Much Do CFO Services Cost?

CFOs are expensive. The annual cost of an in-house CFO is about $400,000. Most outsourced CFO services cost $3,000-$10,000 a month ($36,000 to $120,000 a year).

That’s why many small businesses choose to go without.

But CFO services aren’t a luxury. Business leaders need them to make smart, strategic financial decisions whether they’re running a $1 million business or an enterprise.

Ignite Spot’s outsourced CFO services start at just $950 a month. We offer this pricing to make financial strategy accessible to smaller businesses. And it’s the same high-quality level of service we provide to our enterprise-level clients.

We’re able to provide this critical service at such an affordable rate because we adapt our CFO plan and pricing to meet your company's needs. If you get to the point where you're paying us $5,000 a month, that's because we've increased your revenue tenfold, and your growing business requires more complex and frequent strategic thinking.

Here’s what you can expect to pay monthly for Ignite Spot CFO services as you grow:

  • • $950 — You’re a $1 to 3 million dollar business and need help figuring out accounting processes, managing cash, customers, vendors, debt, and growth.
  • • $1,500 — You’re a $3 to 5 million dollar business opening more locations, launching new product lines, expanding your infrastructure, and potentially adding a partner to the mix. You’re also thinking about what you can do to grow to $10 million.
  • • $3,000 — You’re a $5 to 10 million dollar business dealing with all of the above plus private equity, investors, and acquisition.
  • • Call us — You’re an enterprise making over $10 million in annual revenue and dealing with even more financial complexity.

Why Choose Ignite Spot for Your Outsourced CFO Services?

Personalized CFO services are just the beginning. With Ignite Spot, you get:

Are There Long-Term Contracts?

Our CFO services are month-to-month, so you aren’t locked into a contract. We value performance, and our goal is to make your company bigger and more profitable over time.

Written by Eddy Hood

What are you waiting for?

Get Your Free CFO Session Today!

Get a FREE CFO Session