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Cost Optimization Strategies to Balance Growth & Profitability

OPTIMIZE YOUR SPEND

“You have to understand what kind of data you have. That will help you make courageous choices on what to cut and what to keep.”
– Gabriela R., CFO

Your Strategic Business Toolbox

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Tools & Tips by Topic

Browse our most popular resources to solve your financial challenges.

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Modern Business Perspectives

Understand the broader issues and trends impacting business finance.

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Expertise in Action

Meet our fractional CFO experts and watch how they create impact.

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The Rise of Outsourced CFOs

Learn how remote CFO services deliver value to today’s businesses.

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Business Financial Management Tools & Tips by Topic

Find the right resource for the challenge at hand in this collection of popular articles, step-by-step guides and meeting-ready checklists.

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Modern Business Perspectives

Take a deeper dive into business trends and the expanding scope of CFO responsibilities with our latest insights.

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Closing the AI Adoption Gap

Our C-suite survey reveals a large gap between acknowledging the importance of AI and adopting it—how do you move past it?

Download the PDF ›
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The Untapped Role of the Finance Function

Research-based insights on how to effectively engage your finance team at every stage of growth.

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Watch Expertise in Action

Get to know Paro’s virtual CFOs, who represent the top 2% of talent in financial management and strategy.

The CFO-COO Hybrid

CFO-COO Arjun P. explains how cross-functional expertise gives him greater empathy and understanding to plan for both risk and opportunity.

Building a Roadmap for Growth

Paro finance expert Askia R. takes us step by step through his roadmapping process with clients.

A CFO’s Perspective on Embracing AI

Fractional CFO Chris C. offers his advice for how finance leaders can encourage AI-enabled productivity.

Watch more and stay up to date by subscribing to our YouTube channel.

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The Rise of Outsourced CFO Services

Outsourced, or fractional, CFOs are making it easier for businesses of any size to get the strategic focus and leadership they need. Get the when, why and how for gaining outsourced expertise.

In the lean-and-mean world of small businesses and startups, it’s tempting to forgo hiring a CFO. Find out how today’s SMBs and startups use part-time CFOs.

In addition to budgeting, forecasting and risk assessment, CFOs help small businesses by:

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    Finding operational efficiencies to cut costs.
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    Assessing market patterns and go-to-market plans. 
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    Identifying new and reliable sources of revenue.
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    Improving cash flow and directing investments toward growth.
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    Navigating fundraising and seed rounds.
  • Read more ›

Your accountant or controller can handle your day-to-day finance operations, but CFOs focus on long-term financial strategy. When is it time to hire a strategic leader?

Hire a CFO when:

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    You’re fundraising or need an investor-friendly presence on the team.
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    You’re planning for a major transaction or exit strategy.
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    You’re aiming to streamline operations and business processes.
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    You’re designing new compensation strategies.
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    You’re moving into new geographies or product and service offerings.
  • Read more ›

Whether redefining inefficient processes or introducing sophisticated forecasts, fractional CFOs build impact beyond the project engagement.

Other benefits of interim or fractional CFOs include:

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    C-suite bandwidth to free up time for leaders to focus on what they do best.
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    Knowledge-sharing to your team based on their varied experiences working across clients.
  • Read more ›

The flexibility of a part-time CFO gives your business options in the hiring process, from time to cost. Consider these factors when looking for and assessing candidates.

Consider these questions when hiring a part-time CFO:

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    Is the obligation a quick one-time need, varied support month-to-month or interim full-time support?
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    Do you need to target specialized skills or areas, such as ESG, M&A or a specific industry, like Saas?
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    What type of availability or communication do you require?
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    What information is necessary to understand your business and onboard a CFO?
  • Read more ›

In addition to budgeting, forecasting and risk assessment, CFOs help small businesses by:

  • checkmark circle 2 outline teal
    Finding operational efficiencies to cut costs.
  • checkmark circle 2 outline teal
    Assessing market patterns and go-to-market plans. 
  • checkmark circle 2 outline teal
    Identifying new and reliable sources of revenue.
  • checkmark circle 2 outline teal
    Improving cash flow and directing investments toward growth.
  • checkmark circle 2 outline teal
    Navigating fundraising and seed rounds.
  • Read more ›
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