How has adding Fully Accountable to your team helped your business?
One of the ways that having a fractional CFO has helped us is that we have consistent, detailed reporting. That’s made a really big difference in how we manage our finances. Along with Corey’s advice, we’ve been able to do more proper analyses of what is currently happening with our company’s finances, as well as coming up with well thought out next steps.
Logistically, it has been a godsend. Working with Corey has saved me dozens of hours of trying to figure out our finances on top of all my responsibilities as a COO for a small startup.
I would say that the biggest difference between having a fractional CFO and hiring someone in-house is the time spent training someone new. Sometimes when you hire a new person onto your team, especially at the C-suite or executive level, it can feel like you’re taking a hit, especially when you’re a small startup. Hiring a fractional CFO with experience has given us more confidence as a company because we aren’t concerned about having made a bad hire, waiting for them to catch up, or worrying that something is going to happen or change with their behavior and their performance. Working with a fractional CFO has made us feel that we’re in good hands.
Much better reporting is definitely one of the differences that we’ve seen since making Fully Accountable part of our team. Getting the correct reporting, sometimes too much data is not a good thing, so having someone to help us to really sparse out what is necessary and unnecessary has also helped us realize what is important and what metrics we do need to follow.
What is your favorite thing about working with Fully Accountable?
What has made me the happiest when working with Fully Accountable is feeling like we’re very supported. I know that the team works with other companies and has many clients, but never once have I felt like we are at the back of someone’s mind or that we’re an afterthought. The service is incredibly personalized and I feel that Corey really understands our company and really has our best interest at heart. So I feel like we have a good partner in him.
About the company:
Learn more about Vashti and her company here: https://renaissanceequities.com/
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