Frequently asked questions about myCFO

An external or fractional CFO is a senior finance director who works for your company part-time, with the dedication your business actually needs. They bring the same strategic vision as an in-house CFO —EBITDA, cash flow, planning, relationships with banks and investors— without adding them to your payroll. With myCFO you get that top-level financial leadership in a flexible way: we define goals, measure results and make data-driven decisions, while your team focuses on growing the business.

There are clear signs: you are not certain about your margins or future cash position, month-end closing runs late, banks or investors ask for information that is hard to prepare, or the business has grown and key decisions are made without reliable data. Also when you are preparing a funding round, an expansion, or simply want to professionalize management. If any of these scenarios sounds familiar, an external CFO brings control and financial judgment from month one, without waiting until you can justify a full-time hire.

A senior in-house CFO means a high salary, social security costs, incentives, and time spent on search and onboarding. With myCFO you pay only for the dedication you need, so the cost is a fraction of a senior in-house profile. And you are not hiring a single person: you get access to a team with experience in financial leadership, reporting and technology that scales with you. We define the scope based on your situation and adjust it as the business evolves, with no rigid commitments or hidden costs.

We define a steady working rhythm with you: monthly closings, cash flow monitoring, regular management meetings, and availability for specific decisions. Dedication adapts to your stage: from a few hours a month for oversight and reporting to intense involvement at key moments such as funding rounds, expansion plans or restructurings. We work integrated with your team and your tools, with clear deliverables —management dashboard, cash forecast, monthly report— so you always know what you are getting and what is happening in your business.

Yes. myCFO can operate as a complete finance team. Together with myLeanTeam, our back office service, we cover accounting, payroll and taxes, plus the technology layer: Odoo ERP —of which we are partners—, advanced reporting and AI automation. That way, financial leadership and day-to-day operations work on the same data, with no duplication or misalignment between your accountants and your CFO. You decide the scope: financial leadership only, or the full end-to-end outsourced finance package.

Yes. We prepare regular reporting for investors, boards of directors and financial institutions: profit and loss and EBITDA evolution, cash flow forecast, business KPIs and plan tracking. We also help at key moments —funding rounds, due diligence, bank negotiations— presenting information with the format and rigor that capital professionals expect. The goal is for your company to convey control and credibility, and for you to walk into every meeting with the answers ready.

Our financial leadership works on the real data of your operation, not on disconnected spreadsheets. We are Odoo partners and integrate the ERP with reporting: sales, purchasing, treasury and accounting feed directly into the dashboard and forecasts. On that foundation we add advanced reporting and AI automation to speed up closings and analysis. If you already use another system, we adapt and connect your data sources. The result: decisions based on up-to-date figures and a single source of truth.

If you are spending a great deal of time on financial management instead of focusing on growing your business, it may be time to consider hiring an external CFO. Bringing in an external CFO will free you up, allowing you to lead your company to success.

We prepare your company before seeking investment or financing. We will make sure all your finances are in order, and we will manage the relationship with investors, prepare the necessary documents and optimize the structure to make your company more attractive to investors.

We not only help you identify the right moment to seek financing, but we also guide you through the process of presenting your company to investors. This includes building a solid financial plan, optimizing the cap table, and preparing your data room for due diligence.

Hiring an accounting firm is one of the first steps for any company. But control needs grow as your funding or the stage of your business grows too. By hiring myCFO we make sure to take your startup's finances to the next level.

Hiring an external CFO brings extensive experience in metrics, cash flow, valuations and funding rounds, built up from working across multiple sectors and types of projects, something a full-time CFO may not have. In addition, they provide an objective and strategic perspective, without the fixed costs associated with a full-time employee, making them a flexible and cost-effective solution for growing startups and SMEs.

It is common for investors, right after a private funding round, to start asking for detailed control of your startup's finances and key metrics. We usually start working at that point, to take charge of the finance department and also to lead the relationship with investors and ensure the sustained, controlled growth of the startup.