Accelerate Your Profit with Outsourced CFO Services

Strategic growth should be available to all companies. We tailor our chief financial officer (CFO) services to meet your needs and budget—whether you’re a $1 million business or topping $20 million.

Cfo

What Does a CFO Do?

A CFO focuses on making your organization more valuable to shareholders and increasing the return on your business. CFOs do this by forecasting cash flow, optimizing cost centers, managing corporate capital accounts, and introducing high-value processes.

This means more cash, increased profit margins, and more opportunities for your company.

Common CFO services include:

Ignite Spot CFOs do all of the above and more. We partner with business leaders who rely on us for setting goals, understanding how their businesses perform against those goals, and making strategic financial decisions with the future in mind.

Ryan Steck Circle

Ryan Steck, CPA

Director of CFO Services


Watch Our CFO Services in Action

 

Ignite Spot’s outsourced CFO services focus on what will move the needle for your business. Whether it’s building a hiring strategy, getting shareholder funding, or growing to $10 million or more, your CFO uncovers tactics to meet your business goals.

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Plan Your Future

One of the most common tools small business CFOs use is a cash flow forecast. This tool helps your team understand what could happen in the future based on the decisions you make today.

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Monitor Business Performance

You need a solid way to track your goals. Budgets are vital, but they don’t always get used. CFO services get your budget in place and analyze your company’s performance against it.

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Control the Storm

For businesses on the verge of a cash crunch, knowing your game plan is crucial. Every business faces hard times, and your CFO can help you dig deep and control the excess when it happens to you.

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Build Your Team

When is the right time to hire? Is your staff operating efficiently? Are you overstaffed? Can you afford to give team members a raise? Your CFO will map your staffing needs to create a scalable solution.

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Grow Your Wealth

The secret to growing wealth is controlling your fixed and variable costs. Your CFO will use financial reporting tools such as variable and fixed expense reporting to identify opportunities to spend in ways that further your business goals.

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Manage Debt

Your CFO helps you optimize your liabilities. If your company has debt, your CFO can create a reduction plan to get you back on top.

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FAQ About Our CFO Services

Do you have questions about our outsourced CFO services before you get started?

These are the most common questions we see at IgniteSpot.

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What qualifications will my CFO have?

Our virtual CFO services team holds highly specific credentials:

  • Certified public accountant (CPA) licensing
  • 7+ years accounting experience 
  • 3+ years public accounting experience
  • 3+ years experience leading full accounting teams
  • Master’s degree in accounting or taxation
  • QuickBooks certified ProAdvisor status

 

What's the difference between bookkeeping and accounting? What about a CFO?

Your accountant or bookkeeper deals with what’s happened in the past, tracking spending, income, and historic trends.

By contrast, a CFO is the only financial expert who predicts your company’s financial future. CFOs analyze your financial data to determine where your business is going in the months and years ahead and how your actions impact your wealth. Business leaders use CFO services to make strategic financial decisions and work toward goals.

 

Do I need accounting and CFO services?

Yes. You need a good accountant or bookkeeper to collect, manage, and ensure the quality of your business’s data so your CFO can better forecast your financial future.

 

How much do CFO services cost?

In-house CFOs are expensive, topping off at about $400,000 per year. Luckily, most outsourced CFO services are more cost-effective, at $3,000-$10,000 per month ($36,000 to $120,000 a year).

But CFO services aren’t a luxury. Business leaders need them to make smart, strategic financial decisions regardless of the company’s size. Ignite Spot’s virtual CFO services start at just $950 a month to make enterprise-level financial strategy accessible to smaller businesses. 

We provide this critical service by adapting our CFO plan and pricing to meet your company's needs. If you ever get to the point where you're paying $5,000 a month, that's because we've increased your revenue tenfold, and your growing business needs higher-level strategy.

Ignite Spot’s CFO services and prices change with you to reflect your evolving needs:

  • $950 per month — Ideal for $1 million to $3 million businesses that need help figuring out accounting processes, managing cash, customers, vendors, debt, and growth.
  • $1,500 per month — Ideal for $3 million to $5 million businesses opening more locations, launching new product lines, expanding infrastructure, and potentially adding a partner to the mix. At this point, you’re thinking about what you can do to grow to $10 million.
  • $3,000 per month — Ideal for $5 million to $10 million businesses dealing with all of the above, plus private equity, investors, and acquisition.

If you’re an enterprise making more than $10 million in annual revenue and dealing with even more financial complexity, give us a call for a custom quote.

 

Will I be locked into a long-term contract?

No. Our virtual CFO services are month-to-month because we value performance. Our most important goal for you is to make your company bigger and more profitable over time.

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