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Complete Comparison Between Shared CFO and In-House CFO Services

Why should you hire a shared CFO? Please find a few factors below:

  1. One Person Vs. Team Shared: CFO services come with a well-rounded complementary and highly experienced team of CFO, CAs/MBAs who can achieve much more than a Lone CFO hired in an SME
  2. CFO Institution: The engagement CFO Partner is backed by a team of many diverse CFO Partners and 25+ other resources. Collective & diverse experience of large CFO team leads to best used & most practical solutions. Cross-pollination of best practices in the industry
  3. Cost Savings: The cost of a shared CFO team is significantly lower than a single full-time CFO
  4. Plug & Play: Shared CFO team can be hired for a specific duration & for a specific time. We have proven ability to turn around quality and right-fit resources very quickly. Businesses can increase / decrease resources on-demand truly.
  5. Zero Maintenance Cost: The in-house team has multiple additional expenses, like training, development, etc., whereas the shared CFO team is top quality and does not require any training. Also, with CFO Bridge, the client need not worry about managing career expectations of finance talent.
  6. Continuity Assured: CFO Bridge assures continuity – even if there is any disruption of a team member – including the CFO Partner. In the case of an in-house CFO, retention can be a significant challenge for SMEs. Outsourced CFO service avoids replacement costs both in terms of time and money
  7. Vast Network: Get connected to the most relevant consultant, banker, investor for your other work through the vast network of CFO services provider
  8. Bias Minimized / No Internal Politics or Rivalries: A shared CFO team being external is free of most biases that arise from internal team dynamics
  9. Quality Talent: Quality finance talent is always attracted to MNCs due to better pay & more significant brand acknowledgment. Shared CFO teams can attract such talent & make them work for SMEs.
  10. Strategic Inputs / Business Partner: CFO services with a team of experienced CFOs provide strategic insights not limited to F&A function.

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