We get asked this a lot. Depending on your specific circumstances, in the production / media space a Fractional CFO may offer services including but not limited to:
- Provide leadership around strategy, planning and forecasting
- Regular meetings with principals to devise needed course corrections
- Manage bank relationships
- Research, evaluate and present financing options
- Dialogue with investors and / or other key external stakeholders
- Oversight of on-staff accountants
- Advise on, improve and implement systems to streamline financial processes and ensure accurate and timely reporting across shows / projects and organization
- Advise on and ensure strategic use of available Film & TV tax credits to maximize return
- Liaison with your tax preparer to maximize tax-saving strategies
- Build overhead budgets for your overall company
- Prepare consolidated Financial Statements across multiple entities.
- Audit oversight
Here is a quick quiz you can take to assess your own readiness to bring on a Fractional CFO:
