Add a best-suited CFO to your core team and put him / her in charge of your finance functions
Affine will execute the process of finding, vetting and recruiting the best -suited CFO to be one of the cornerstones of your company- making it more efficient, more profitable, and allowing you to be in total control of all your finance-related functions.
Need for a full-time CFO
These are some of the factors indicating that you would need a full-time CFO vs part-time.
You need someone to help you for more than 20 hours a week
You are a post-series A startup
You have more than $15M in annual revenue
Your C-suite doesn’t have strong finance expertise
Your C-suite has finance expertise, but cannot allocate time to CFO-related functions
You want a CFO to work with the team in-house
How will Affine Finance get you the best-suited Full-Time CFO?
Affine will execute the process of getting company its best-suited full-time CFO end-to-end, starting from the initial talent screening to conducting interviews and references reviews.
We screen for the initial group of best suited CFO experts
We screen a broad list of candidates based on their industry experience, CFO experience and skillset
Each CFO we present is pre-vetted through Affine’s comprehensive technical and behavioral assessments
We send companies the initial group of most relevant CFO’s interested in the engagement
We then coordinate the recruiting process end-to-end
We coordinate interviews between company and the best-suited CFO experts, and present company with a detailed skillset, technical assessment profile and references review of each candidate
We work with companies as they go through multiple stages of interviews and narrow down on top choices, before ultimately picking the best candidate
We then help companies structure the agreement with the CFO and negotiate the one-time recruiting fee with Affine
We keep an open communication channel with companies after they onboard the CFO, and are able to provide further recruiting support for a broad range of finance roles they may be interested in in the future
In what ways will a full-time CFO help your company?
Cash flow management: CFO will help you manage your capital runway, debt obligations, and ensure the ability to invest in new projects generating positive IRR
Internal cohesion: CFO will manage the accounting, HR, investor relations, legal, tax, and treasury departments - anything from overseeing shareholder materials and issuing stock options, to assessing employee benefit plans
Profitability optimization: CFO will help you identify opportunities to improve margins through granular analysis of channels, service lines, products, etc.
Risk management: CFO will help you understand and quantify the risks and roadblocks that lay ahead and proactively work to avoid them
Exit strategy: CFO will prepare your company with defensible financials and a logical strategy BEFORE an interested party comes calling
Go-to-market strategies: CFO will identify scalable growth tactics through new business models, channels, verticals, or customer segments
Fundraising support: CFO can lead your fundraising process end-to-end, preparing all relevant investor materials and executing a broad investor outreach to both financial and strategic investors
Competitive analysis: CFO will help you understand the opportunities and threats to your business presented by other players in the space