Definition of"fractional cfo" in Norwegian

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fractional cfo

/ˈfrækʃənl siː ɛf əʊ/
Noun

Definitions

1

Noun

A highly experienced finance professional who provides Chief Financial Officer (CFO) level services to multiple companies on a part-time, contract, or project basis, rather than being a full-time employee of a single organization. This arrangement allows businesses, especially startups and small to medium-sized enterprises (SMEs), to access high-level financial expertise and strategic guidance without the cost of a full-time executive salary.
🟡Intermediate

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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