Transactional CFO Solutions
Role of a Transactional CFO
A Transactional CFO focuses on day-to-day financial operations and plays a crucial role in ensuring financial stability and efficiency within the organization. The key responsibilities of a Transactional CFO include:
- Financial Accuracy: Ensuring financial transactions are accurately recorded and financial statements are free from material errors.
- Data Management: Providing reliable and relevant financial data for operational decision-making and financial analysis.
- Operational Support: Collaborating with operational teams to streamline financial processes and optimize cash flow management.
- System Investments: Making informed decisions on financial systems and processes that support the company's activities, daily operations and goals.
- Financial Expertise: Possessing strong skills in accounting, finance, treasury management, and internal controls to manage transactional processes effectively
While the a Fractional CFO focuses on the theoretical, broader philosophical strategy of the company, the Transactional CFO ensures achievable goals are set, measured via customized KPIs and works to complete the goals.