An outsourced CFO is an expert in long-term planning and figuring out what, exactly, is needed to take your company from where it is now to where you’d like to be.

 A financial forecast requires analysis, strategy, and practicality. It requires strategic understanding of the current and future capabilities of your company, mastery of financial algorithms and trends, as well as in-depth analysis of the competitive landscape within your industry.

A budget helps guide the year’s financial decisions while keeping the organization on track to reach its goals. A strategic CFO will often use a forecast as a rolling budget to help ensure your financial performance is in line with your company goals and roadmap.

Raising capital is typically very stressful for an organization, but an outsourced CFO can offer services to make the process go more smoothly. An outsourced CFO usually brings with him or her a network of financiers to whom they can introduce you.

Outsourced CFOs can usually make more (and better) strategic cost cuts than an in-house team, which makes it one of the popular outsourced CFO services.