Short answer? Yes. I’m sure every business will benefit from having a CFO overseeing accounting and finance. These top-tier financial advisors help keep all your accounting and reporting up to date, as well as provide helpful financial tips and strategies to keep your business running and meeting margins.

But paying $200,000 a year for a full-time CFO consultant can be much more than many smaller companies, like client companies, can reasonably spend. But before you even consider hiring these helpful consultants, did you know that part-time CFO services are making involved and dedicated financial analysis available to all companies? With the ability to pay for a CFO on an as-needed basis, there’s no reason you can’t take advantage of all of their knowledge and skills.

CFOs supervise accounting staff and sometimes controllers as well. They make sure all your accounting operations are in order and now play a bigger role than ever in planning and running businesses.

In fact, a CFO consultant offers many additional benefits:

• Financial strategy, such as the development and execution of any new or existing plans.

• Contingency planning to help you safely weather any weak market and customer demand shocks before they occur.

• Business analysis to identify any potential issues that need to be corrected if you want to get your margins back in line.

• Business planning to help you meet or set long-term goals, as well as forecasts to help with planning.

• Valuable insights that can challenge the way you view your business and help you grow.

• Extensive knowledge with other companies that will have them asking the right questions to think about, as well as what strategies have been shown to work.

Part-time CFO services can provide you with all of these benefits, but only in the hours you need. Whether it’s just a few days a week or even a month! They can be in office regularly enough to make sure everything runs smoothly and your financial operations are in order without you paying a full-time CFO consultant salary.

Their easier entry and exit also makes them the perfect resource to keep things running while your current CFO is away or if you’re looking to hire the right CFO full-time. Many part-time CFO services offer interim CFOs to fill these small gaps so you don’t have to worry about your financial operations falling apart while your current CFO is on medical leave or looking for a new one.

You can also bring them in to temporarily lead projects that the rest of your staff are too busy with. Is there a great sales opportunity coming up but all your workers are too busy or inexperienced to help? A short-term CFO can get you out of the gate and you only need to get paid for as long as you need it. Along with that, their more temporary or part-time status also makes them much easier to fire compared to a full-time salary CFO consultant.

So if you’ve felt that your financial operations need help, or if you want the advice of a trained professional, a part-time CFO might be right for you. And with the ability to hire them as needed, there’s no reason your business can’t have the same edge as the big boys.