Fractional CFOs play a critical role for startups and growth-stage companies, providing strategic insights without the cost of a full-time executive. However, even the best CFOs can’t provide clear guidance if they’re working from incomplete or outdated financial data.
Unfortunately, this problem happens more often than you think. According to a recent survey, almost 40% of CFOs don’t trust their organization’s data, with 25% citing manual data collection and other outdated processes as the reason. And when the back office is delayed and disorganized, CFOs risk losing credibility with investors, missing opportunities for better cash management, and working reactively rather than proactively.
In the following sections, we’ll explore how Scrubbed supports fractional CFOs with our offshore finance and accounting services and how you can benefit from it.
What Support do Fractional CFOs Need Most?
Fractional CFOs need clean and current financial data to meet client demand. When stepping into a business, CFOs face immediate expectations: boards want accurate updates, CEOs want actionable insights, and investors need confidence that the company is on track. Yet many CFOs discover that the underlying financial data is messy or outdated, making it challenging to deliver insights with confidence.
That’s where an outsourced accounting team becomes invaluable, providing:
- Accurate, up-to-date books
- Timely reporting
- Cash flow visibility
- Reconciliations
- Audit readiness
How Outsourcing Improves Financial Reporting
Financial reporting shouldn’t be a scramble at month-end or quarter-end. However, many finance teams spend valuable time tracking down missing entries, fixing reconciliations, or resolving errors that could have been prevented with clean workflows and consistent processes.
Partnering with an experienced offshore accounting team like Scrubbed can transform your financial reporting from reactive to reliable. CFOs can confidently walk into board meetings knowing their numbers are accurate and that variances are explained.
The Benefit of Clean, Client-Ready Books
Clean books give CFOs a clear foundation for decision-making and credibility with stakeholders. Without accurate and well-structured financials, even the most seasoned CFO risks steering with unreliable data, undermining investor confidence, and delaying critical actions.
Maintaining clean and client-ready books can help you avoid these problems by providing the following benefits:
- Trustworthy insights. When CFOs can’t fully trust their organization’s financial data, it leads to delays in decision-making. Having clean books helps bridge that gap and results in faster and more informed decisions.
- Better decision-making. Access to real-time and accurate information can help CFOs evaluate opportunities and assess risks more effectively.
How Scrubbed Collaborates with Fractional CFOs
At Scrubbed, we act as a seamless extension of fractional CFOs, making it easier for them to focus on board meetings, investors, and growth. We realize that no two CFO engagements are alike, with some playing a more transitional role and others being onboarded for a more long-term engagement. Because of this, we make sure our fractional model is flexible enough to match their needs, be it by stepping in during a company’s growth phase or by providing long-term accounting and finance support.
We also make it a point to adjust to each CFO’s preferred way of communication, whether that’s a quick call, a weekly touchpoint, or a message when it’s convenient. We understand that many CFOs often spend their time in meetings or working across different time zones, so we stay ready in the background, ensuring that they have what they need when they need it.
From clear, accurate financials to polished reports, we provide part-time CFOs with the numbers they need to confidently face boards, investors, and clients.
The Systems We Integrate with Fractional CFO Workflows
Fractional CFOs often step into businesses with a mix of legacy systems, spreadsheets, and inconsistent processes. The good news is that Scrubbed’s offshore team can easily adapt and optimize existing workflows while integrating the tools CFOs and their clients already use to improve efficiency.
Here are some systems that we often integrate with client workflows:
- QuickBooks
- Xero
- NetSuite
- Expensify
- Bill
- Ramp
- Gusto
How We Streamline Monthly Close Processes
Our experts streamline your monthly close processes by keeping your books accurate and organized throughout the month, so there’s no last-minute rush when closing time arrives. We can handle daily transaction recordings, expense reports, and account reconciliations to ensure everything is ready for a smooth close.
How Our Outsourced Teams Handle GAAP Compliance
Our reliable outsourced accounting team can deliver financials that adhere to U.S. GAAP standards while maintaining the quality needed for investor presentations, audits, or due diligence.
Finance Tasks We Handle for CFOs
At Scrubbed, we take care of month-end closes, ensuring your finances are accurate and delivered on time. We also handle bookkeeping, keeping your daily transactions recorded, expenses categorized, and ledgers up to date so your books stay clean and organized.
Aside from these, we also help manage cash forecasting and accounts payable and receivable to ensure efficient processes. We keep your books organized and the documentation ready, so when tax season comes, you’re audit-ready. Finally, we support financial analysis and build budget models and management reports to help you make more informed decisions.
The ROI of Outsourcing Finance Ops
Outsourcing finance operations allows firms to scale operations and improve data quality and speed without the overhead costs of onboarding new staff. In fact, according to the 2024 Finance & Accounting Talent Market Outlook report, 90% of CFOs are already outsourcing some of their accounting functions. Other key returns of outsourcing include faster month-end closes, fewer data errors, more strategic focus, and more capacity to serve clients.
In Scrubbed’s recent CFO webinar, Amy Omand, CFO for non-profits and principal at 7 Seat Consulting, shares that “as a fractional CFO, (I) can provide my clients with the kind of oversight and experience of a finance function and then utilize the Scrubbed team for access to controller to accounting level expertise, to be able to move and keep all the transactions clean and accounted for.”
Her experience highlights one of the top ROI drivers of outsourcing, that CFOs can deliver enterprise-level oversight without having to build a large in-house team. Utilizing an outsourced team allows them to consistently deliver high-valuer outcomes while ensuring accuracy and compliance.
The Right Back-Office Makes the Fractional CFO Look Like a Rockstar
Delivering clear insights and driving strategy requires focus, and that’s hard to maintain when you’re buried under reconciliations, reporting packages, and day-to-day bookkeeping. At Scrubbed, we take on the financial heavy lifting, keeping your numbers clean, organized, and audit-ready.
With a reliable back office in place, you can step into board meetings confidently, guide clients through fundraising with accurate data, and deliver forecasts that stakeholders trust. You get to focus on growing your practice, serving clients at a higher level, and protecting your bandwidth without sacrificing quality.
Scrubbed isn’t just an offshore accounting service; we’re your partner in keeping financial operations smooth so you can continue delivering the leadership your clients count on.
Ready to free your time for strategy? Let’s talk about how Scrubbed can keep your financials clean, fast, and investor-ready.
