Fractional CFO servicesA CFO,
two days a week.
Most companies don't need a full-time CFO until $30M ARR. Until then, they need someone who has been one — embedded, available, and accountable. That's the engagement.
§ 01 — Fractional CFO onboarding: the first 90 daysFrom day one, you have
someone in the chair.
Land in the business
- +Cash, model, team review
- +Stakeholder interviews
- +Written diagnostic
Reset the truth
- +Books reconciled & restated
- +Single source of model
- +Live KPI tree
Install the rhythm
- +Monthly board pack v1
- +Reforecast cadence
- +Hiring & opex plan
Run as a CFO
- +Board attendance
- +Capital strategy
- +Investor relations
§ 02 — Fractional CFO deliverablesSix artifacts.
Maintained monthly.
Every engagement produces and maintains the same set of artifacts. They are yours, version-controlled, and survive any future transition.
Monthly Board Pack
A 10-slide narrative + appendix. Cash, KPIs, P&L, runway, hiring, risks.
Operating Model
Three-statement, scenario-aware, version-controlled. The single source.
Capital Strategy
Runway scenarios, funding pathway, investor list, story development.
KPI Tree
Top-line metric → drivers → leading indicators. Owned by the right person.
Hiring & OpEx Plan
Rolling 18-month plan tied to runway. Trade-offs visible.
Investor Updates
Quarterly note to existing investors. Drafted, edited, sent.
§ 03 — Engagement models and time commitmentPick the cadence
you need now.
Most clients begin at Embedded and step down once the engine is running. All tiers include a CFO — never juniors with a CFO label.
Advisor
Best for: Post-Series A teams with a controller in place
- +Monthly review session
- +Board pack review
- +On-call for material decisions
Embedded
Best for: Pre-A or A-stage, no in-house finance lead
- +Everything in Advisor
- +Live model & board pack
- +Investor relations & raise prep
- +Team coaching
Operator
Best for: Pre-raise, restructure or M&A in motion
- +Everything in Embedded
- +Capital raise execution
- +M&A diligence
- +Org redesign
§ — Who hires a fractional CFOSeven situations
where it works.
If you see your company on this list, the engagement is built for you. If not, book a call anyway — most of what we do doesn't fit a category.
§ 04 — Forecasting, reporting and runway models, liveFour artifacts.
All interactive.
The same four objects the CFO maintains and walks the board through every month. Hover, drag, scrub — they respond.
ARR forecast — base, upside, downside
Three scenarios on one chart. Hover anywhere on the timeline to see what each path looks like by quarter. Every board pack opens with this.
12 × 12 cohort retention
Net-dollar retention by cohort, month over month. Hover any cell to find the cohort breaking your model. Rebuilt monthly from raw billing data.
Driver model — sales engine
Five inputs, six outputs. Move a slider; the plan updates live. Drivers stay separate from outputs — assumptions drive the model, never the other way round.
Cash runway · burndown
Stress-test monthly burn against cash. The danger zone shades the last six months before cash-out — the chart we send to the lead investor before any raise conversation starts.
§ — Fractional CFO FAQFive questions
we hear first.
If yours is not here, book a 30-minute intro call and we will talk it through.
It depends on the cadence you choose: Advisor is one to two days a month, Embedded six to eight, Operator ten to twelve. Our cost comparison sets out typical market rates against the cost of a full-time CFO.
You work directly with Balint Boday, the founder: seven years in FP&A, controlling and treasury before the practice, and still the person doing the work every month, not only advising on it.
ABOUT BALINT BODAY