Definition of"fractional cfo" in Norwegian
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fractional cfo
Definitions
Noun
Examples
"En startup ansatte en fractional CFO for å håndtere kontantstrømmen og sikre finansiering."
A startup hired a fractional CFO to manage cash flow and secure funding.
"Mange små og mellomstore bedrifter drar nytte av en fractional CFOs ekspertise uten kostnaden av en fulltidsansatt."
Many small and medium-sized businesses benefit from a fractional CFO's expertise without the cost of a full-time employee.
"Med en fractional CFO kunne selskapet utvikle en solid finansiell strategi for rask vekst."
With a fractional CFO, the company could develop a solid financial strategy for rapid growth.
Synonyms
Antonyms
Etymology
The term 'fractional' refers to a part or a portion, deriving from Latin 'fractio' meaning 'a breaking'. In this context, it signifies a professional working for a fraction of the time or for multiple clients. 'CFO' is an acronym for Chief Financial Officer, an executive responsible for managing the financial actions of a company.
Cultural Notes
The rise of the fractional CFO reflects a broader trend in the modern economy towards flexible work arrangements and the outsourcing of specialized executive functions. It enables smaller companies or those undergoing rapid growth to access top-tier financial leadership and strategic advice that would otherwise be cost-prohibitive, democratizing access to high-level expertise.
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